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July 15, 2022

Is Managed Detection and Response Right For Your Business?

One of the critical questions in determining whether managed detection and response is suitable for your business and how it will benefit your organization. The most effective MDR arrangements prioritize detection content and risks based on the customer's goals. Let's look at some of the most critical aspects of MDR. Let's start with the basics. What is managed detection response? How does it work? What are its costs?

 

Identifying active threats

While proactive detection of cyber threats is essential for maintaining security, the sheer volume of alerts generated by malicious activity can quickly overwhelm an IT or security team. Often, these alerts are not immediately discernible as unfavourable and must be analyzed individually. Only by examining the data in context and correlating threats can these teams determine if they are facing a more powerful attack. Fortunately, managed detection response solutions can help.

Effective MDR solutions should integrate log, endpoint, and network detection technologies. They should also contain first-class threat intelligence. The service provider should have dedicated, first-name analysts to respond to incidents. Ultimately, the solution should be easy to deploy and scale to the organization's unique needs. The price should also be affordable and customizable to fit individual budgets. MDR providers integrate the latest technologies and human expertise into one comprehensive detection service.

Managed MDR and MSSP services work together in similar ways. While MSSPs focus on day-to-day security needs such as firewall management and antivirus software, MDR providers focus on proactive detection and response to advanced threats. The MDR providers analyze threats' behaviour and provide remediation recommendations based on their analysis. This way, MSSPs and MDR providers can work hand-in-hand to protect an organization's assets.

MDR solutions also help identify lateral movement attacks. Lateral movement attacks mimic legitimate network behaviours and are easy to detect. Some signs include access to unauthorized systems, unusual use of protocols, and unusual user account behaviour. Organizations usually have policies that govern the activities of employees. MDR solutions can help improve security posture by reducing cyber-attack opportunities and identifying rogue IT systems.

Monitoring security events

You'll often want to outsource your monitoring security events with managed detection and response (MDR) services. Managed detection and response provides a rapid and efficient incident response to threats. These services combine a technology solution with a team of security analysts to extend your organization's capabilities and reduce risk. Managed detection and response services typically include incident validation, remote response, and malware reverse engineering. Managed detection and response services also provide consulting services to identify vulnerabilities and indicators of compromise, which will ultimately prevent future incidents from affecting your business.

MSSP and MDR services can help you manage your cybersecurity posture, run firewalls, and perform other day-to-day operations. However, the difference between the two services lies in how they prioritize alerts. MSSP can handle your everyday operations, while MDR focuses on advanced threats. While AI is increasingly being used in security, it is not yet as reliable as a human security expert. With MDR, AI can filter network events and provide an advanced threat detection solution. By combining human analysts and machine capabilities, MDR can identify threats before they become significant problems.

Managed detection and response solutions rely on advanced analytics, but their real value comes from human interaction. In many cases, a cybersecurity incident can result from a simple misconfiguration. Consequently, remediating it requires expert knowledge of your security systems. With MSSPs, you'll be communicating with them primarily via a web portal or dashboard and likely won't find out if a security event occurred until it's too late to act.

 

Handling alerts at scale

A key component of Managed Detection and Response (MDR) for security professionals is threat intelligence. By combining machine and human capabilities, managed EDR helps organizations prioritize alerts and remediate threats as quickly and effectively as possible. It combines automated rules with human inspection and distilled results into a stream of high-quality signals. Using managed EDR in your environment will increase your security and reduce operational costs while preserving your investment in cybersecurity.

A Managed Detection and Response (MDR) service provider provides a team of security experts with next-generation tools and expertise to investigate and respond to threats. The group includes SOC experts, forensics experts, security engineers, and endpoint analysts who understand what is expected and what needs further investigation. Moreover, they know when to raise the alarm or initiate other studies. Regardless of how big or small the threat is, MDR can help you combat it.

The benefits of MDR can be overwhelming. With MDR, you can reduce the time to detect and respond to security incidents by combining endpoint protection and network monitoring. Combining these two technologies means fewer false positives, less wasteful security alerts, and more efficient security staff. And by streamlining your security process, you can focus on more meaningful projects instead of chasing down every sign.

The key to successful managed detection and response is partnering with a provider with expert security experts. These professionals can monitor your network 24/7, analyze any security events, and alert you. A managed detection and response provider will also have analysts on staff who can work directly with you. They will identify indicators of compromise, reverse-engineer malware, and advise on security vulnerabilities. And they will help you comply with all of the latest laws.

Costs

Despite the many benefits of MDR, organizations still struggle to realize the total value of this security solution. Organizations lack the talent, capabilities, and resources to run an effective SOC. The cost of operating an effective SOC can quickly overwhelm a security team, forcing them to ignore low-priority alerts and focusing resources on high-priority threats. Organizations must understand its cost and benefits to unlock the value of MDR.

Managed detection and response is an outsourced security service that identifies and responds to threats. MDR has a human element. Security providers typically provide access to a team of engineers and researchers who actively monitor networks, analyze incidents, and respond to security cases. While MDR is generally outsourced, the human factor still plays a role in the service. To address this, security providers hire experts who specialize in threat hunting.

Building a robust cybersecurity program can be expensive, requiring expensive tools and licenses. Many employees can also need to keep up with the ever-growing threat landscape. By outsourcing these security activities, organizations can deploy a complete security program in a shorter period and achieve higher levels of cybersecurity maturity more quickly. As the cost of implementing a comprehensive cybersecurity program is shared amongst the MDR provider's customers, organizations can expect a reduction in their total cost of ownership.

Evaluation of managed detection and response providers

When selecting a Managed Detection & Response (MDR) provider, it is crucial to understand which specific threats they have experienced with. Security alerts without context can be confusing and cause problems for an organization. A good MDR provider should be able to detect both specific threats and generic ones. You should also consider the provider's ability to adapt to your needs and customize its output. This flexibility is invaluable during times of crisis.

The most effective Managed Detection and Response provider should be able to combine several data sources and analyze the risk and location of a threat. Using data from multiple sources such as threat intelligence feeds, IT asset databases, and threat actors can help the provider identify anomalous behaviour. Moreover, the Managed Detection & Response provider should be able to provide training and other materials that will assist your organization.

MDR providers should be able to provide data on average response time, several incidents handled, and cost. Looking for proof of concept before finalizing a contract with an MDR provider is a good idea. This way, you can see whether their services meet your security requirements. Further, you should check whether the MDR provider can offer a wide range of security solutions. If it doesn't, move on to the next one.

 

A Managed Detection and Response provider will work with you to evaluate threats and mitigate the impact on your organization. Its goal is to detect and mitigate security incidents while restoring secure security baselines. This service combines 24/7 monitoring, visibility, response technologies, and human expertise to remove threat actors and restore specific security baselines. Once an incident has been identified, an MDR provider will begin the investigation of the security incidents.

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