Cybersecurity is becoming the biggest priority for today’s business owners due to the rise of data breaches. Businesses are increasingly facing targeted attacks designed to break existing security defenses. 2018 was the year of ransomware, similar attacks are likely to grow considerably as we move into 2019. Traditional security approach is no longer enough to protect against today’s ransomware attacks.
Enterprise security budget is shifting towards detection and response. Gartner predicts that by 2019, total enterprise spending on security outsourcing services will be 75 percent of the spending on security software and hardware products. Advanced technologies such as Endpoint Detection and Response (EDR) and Nextgen Network Protections are ineffective when used by the organization without having required cybersecurity skills. Such technology requires skills that are highly expensive or difficult to find.
Cyber attacks have been on the rise, a new organization will fall victim to ransomware every 14 seconds in 2019, and every 11 seconds by 2021. Many small business owners continue to mistakenly believe their organization won’t be a target. Cisco’s 2018 SMB Cybersecurity Report found that 53% of mid-market companies in 26 countries experienced a breach. Another study suggests that 75% of ransomware victims were running up to date endpoint protection.
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“You can’t defend. You can’t prevent. The only thing you can do is detect and respond“
– Bruce Schneier
“A new organization will fall victim to ransomware every 14 seconds in 2019, and every 11 seconds by 2021.”
– Cybersecurity Ventures
Widening skill gap!
According to (ISC)2’s Cybersecurity Workforce Study, shortage of Cybersecurity professionals is widening, skill shortage soars nearly 3 million. The study reveals that nearly 63% of participating organizations are suffering through a shortage of IT staff dedicated to cybersecurity. According to ISACA’s State of Cybersecurity 2019 survey, released at the RSA Conference 2019 reports that 58% of organizations have unfilled positions. This puts organizations across the globe in a tight spot, as Cybersecurity professionals are difficult to find and demand sky-high salary when available. Hackers are taking advantages of understaffed organizations that have little to no ability to prevent, detect and responds to attacks.
To address today’s increasing Cybersecurity attacks, shortage of required talent, Cloud24x7 brings unique Managed Detection and Response (RapidMDR) approach by leveraging existing technology investment. RapidMDR combines human intelligence, industry’s best security processes, and technology to detect advanced targeted threats. Cloud24x7’s Global Security Operation Center delivers 24×7 monitoring and notification, incident response and remediation service. Highly skilled Security Analyst investigates events generated by security solutions to identify the extent and impact of the attack with the help of Root Cause Analysis.
Leveraging Existing Technology
RapidMDR leverages industry’s leading technologies such as Endpoint Detection and Response (EDR) along with Cloud24x7’s SecurePlus to provide comprehensive Managed Detection and Response (MDR) services for both Endpoint and Network.
Cloud24x7’s Security Analysts will monitor the customer’s EDR deployment along with Firewall (Using SecurePlus) on a 24/7/365 basis. Real-time events from EDR platform and network security will be continuously sent to Cloud24x7’s Cyber Security Analytics (CSA) platform.
Cloud24x7’s CSA platform analyzes security logs generated by EDR and Network Security devices to identify threat actors and artifacts with the help of threat feed from various sources. Threat Intelligence defends against include zero-day threats, exploits and advanced persistent threats (APTs).
Cloud24x7’s CSA platform triage all events for suspicious activities and generates an alert. Our Threat Hunting team analyze alerts and proactively searches across networks and endpoints to identify the threat that evades existing security controls.
Our incident responders are certified, experienced security experts who understand the need to identify, contain, and mitigate the impact of a security breach as quickly, thoroughly, and efficiently as possible. Incident response services ensure that you get expert help whenever you run into any form of incidents.
Remediation & Mitigation
Our remediation and mitigation approach includes post-incident review, documentation of lessons learned, corrective action and implementation plan for the corrective actions by collaborating with customer’s in-house teams where needed.
Bespoke Security Reports
Comprehensive periodic in-depth bespoke security report provides security posture of the managed environment which includes a security dashboard, health information, threat analysis, root cause analysis, change management, and incident response management.
RapidMDR gives you access to our Global Security Operation Centers (SOC) in the United States and India. Our skilled Cyber Security experts are available on a 24/7/365 basis to help whenever you run into any form of incidents in your network.