Key Advantages of Managed eXtended Detection & Response (MXDR)
Indeed, the most glaring issue in cybersecurity today is a lack of skills within organizations. Research data reveals that cybersecurity skill shortage impacts 70 percent of organizations. In turn, this matter results in an increased workload on existing cybersecurity personnel, unfilled security jobs, and lack of expertise needed to utilize security technologies fully and effectively.
Meanwhile, cybersecurity companies and law reported a 50% increase in cyberattacks in 2021 compared to 2020, peaking in December due to the Log4j exploits. As more people work from home during the global pandemic, cyberattacks have skyrocketed as cybercriminals take the opportunity to up threats, both in scope and frequency. Cybersecurity experts report 4,000 cyberattacks a day since the COVID-19 pandemic. Current cyber threats target all types of businesses.
Training and establishing dedicated security departments can offer round-the-clock threat hunting. However, only a handful of organizations, especially large enterprises, can afford it, while many will find it difficult due to limited resources and lack of skills. At the same time, deploying complex detection and response solutions is complex. Such security tools also generate massive volumes of alerts that security teams must examine to identify malicious events. Overall, these challenges overwhelm small security teams, taking away precious resources and time from other tasks.