You Can Stop Data Breaches Before They Start with an MDR Service

Updated March 13, 2023 – Data breaches are expensive. In 2021 the average data breach cost an organization $4.24M according to a report from IBM , Splunk’s 2022 State of Security Report states that the average cost of downtime from an incident exceeds $33M.  The toll can be staggering.  As costs increase, so too does the rate of attacks.

At the same time as attacks and breaches are increasing, 66% of corporate security teams and CISOs admit they feel unprepared to fight against the rising tide of security threats. If the thought of your limited security capabilities keeps you up at night, then it’s time to start protecting your company’s valuable assets with a Managed Detection and Response (MDR) service.

How is an MDR Service Better than a Traditional Cybersecurity Model?

Traditional cybersecurity monitoring efforts, like Managed Security Services Providers (MSSPs), rely on 24/7 monitoring and an extensive human element to triage/mitigate security risks. An MDR service is a more advanced front-line defense when it comes to protecting your organization from data breaches. MDRs leverage a mix of machine learning, artificial intelligence, and human analysis to provide your organization the highest level of protection from potential and active threats.

3 Ways an MDR Service Provider Should Protect Your Organization from Data Breaches

1. Improve Your Ability to Detect and Respond to Threats
The core mission of a successful MDR service is to eliminate the need for 100% human-based breach detection and containment. It leverages existing AI and machine-learning technologies to detect and contain potential threats automatically using these processes:

  • Threat Prediction: The first step any MDR provider should take is to perform a detailed risk assessment and analysis. The provider works with you to identify areas of risk and vulnerability. Your MDR provider should also leverage gathered worldwide intelligence to evaluate the existing threat landscape and make recommendations on preventing attacks from potential threats.
  • Threat Hunting: Without using MDR processes, it can take up to 280 days to discover a data threat. With an MDR service, threats are identified in real-time through artificial intelligence. Using tools like CrowdStrike, the MDR provider analyzes your system to identify threats and attacks as they surface, allowing you to respond before the threat can do any damage.
  • Threat Containment: Once detected, AI automatically isolates and contains an identified threat. Not only does this keep the threat from wreaking any initial havoc, but it also keeps it from spreading throughout your system.
  • Threat Prevention: Constant machine learning helps your system recognize previous threats and ensure they no longer pose a concern in the future – thus minimizing repeat attacks. Regular reviews from skilled human analysts are also critical, as their guidance and observational support improve your security vigilance.

2. Augment Your Current Skill Gaps
A lack of skilled employees is one of the driving reasons why organizations are unprepared to deal successfully with breaches. There are currently 3.5 million cybersecurity jobs unfilled in 2021. These are key roles that when unfilled, leave companies vulnerable to data breaches.

With cybersecurity jobs in such high demand, salaries are also on the rise as companies compete to secure top talent. In 2019, the average salary for a Cyber Security Analyst was $88,663. That same position’s salary increased to $103,106 in 2020.

The high salary cost and lack of available talent are key drivers for organizations turning to MDR service providers.

3. Improve Your Security Tech Stack
Given the ongoing nature and potential negative impact of data breaches, your organization needs to be ready, willing, and able to leverage new technology to better detect, analyze, and contain malicious attacks.

The right MDR partner should be able to identify which tools would best serve your needs. They should also have proven experience implementing and optimizing these technologies for your unique environment.

A myriad of technologies exists to monitor and identify potential issues. The point is: learn the lessons offered by the disastrous data breaches of recent years and build a system that’s meant to prevent them.

TekStream MDR in Action: Triple Play Power

TekStream has a proven history of leveraging Splunk on AWS to identify and stop data breaches. We’ve found that Splunk SIEM/SORA, as a data platform, provides a comprehensive solution to empower us to build sophisticated algorithms that detect and respond to threats in real-time. We utilize the best-of-breed endpoint protection and response (EDR). The Splunk coordinated security analysis and response platform is at the heart of our MDR service.

Key Benefits of TekStream MDR Service

    • Splunk Cloud First Security Solution
    • Automated with human review and response 24/7/365
    • Expert Teams: 5+ years Splunk experience on average, SOC 2 Type 2 Certified MSP
    • 97% Customer Renewal Rate
    • Splunk 2022 AMER Cloud Partner of the Year, 2021 Global Services Partner of the Year and 2021 AMER Professional Services Partner of the Year

Ready to Protect Your Company? TekStream is uniquely positioned to ensure your Splunk security solution is implemented successfully and your SOC is managed properly. Learn More.