Cutting-edge cybersecurity tools and a trained workforce are the keys to protecting business organizations from the current and emerging cybersecurity threats. The problem is an immense lack of trained cybersecurity professionals, which prohibits businesses from setting-up teams of suitable sizes to manage cybersecurity threats. In addition, most cybersecurity teams are understaffed and have high-stress levels, often leading to burnout.
Managed extended detection and response (Managed XDR) has witnessed rapid adoption in such a scenario. According to the Managed Security Services Market Statistics: 2030 Report published by Allied Market Research, the global managed security services market size was valued at $22.45 billion in 2020 and is projected to reach $77.01 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030. With the right provider, Managed XDR can be an extension of organizations’ security teams as it combines advanced security technologies with human expertise. Let’s look at the top reasons why organizations explore managed XDR.
Nation-state threat actors and cybercriminals work throughout holidays, weekends, and nights. As Managed XDR provides 24x7 coverage, it lets businesses ensure reliable security without hiring additional staff and at a much lesser cost. Besides, it allows overworked cybersecurity teams to focus on priority projects and lower stress levels. Working with managed XDR teams also sharpens the skills of analysts. Moreover, AI-powered XDR platforms give the right context to alerts and threats gathered from endpoint feeds like email, server, cloud, and similar network sources.
As ransomware extortionists and cyber criminals increasingly adopt the tactics, techniques, and procedures (TTPs) of nation-state threat actors, the cyber threat landscape is getting more challenging than ever. To accelerate response time and reduce potential damages due to threats, managed XDR helps orchestrate cybersecurity analysts' triage, filtering and response to detect and remediate attacks rapidly.
Managed XDR seamlessly correlates data integrated from a wide variety of third-party vendors and products and empowers cross-tool threat hunting, thus cutting noise and reducing complexity. They can intercept the latest threats and realize substantial cost advantages by freeing up staff time and optimizing tools they have already paid for. In addition, businesses can protect themselves from zero-day attacks, curtail security gaps, provide actionable alerts, reduce IT workloads, and dramatically lower downtime as it eliminates the gaps that render their security stack ineffective.
Empower your security teams to ensure foolproof security for your cyber assets by empowering them with cutting-edge security operations capabilities with managed XDR. To explore how managed XDR can better protect your data and IT infrastructure and boost your bottom line, contact Cybalt today!