One thing remains constant in the ever-changing technology environment: the cyber threat landscape is dynamic and a major source of risk for business owners. Cybercriminals aren’t picky about who they target, and the rise in attacks is a constant threat to many small and medium-sized companies, their vendors, and their partners. Even being a security specialist, keeping up with cyber threats and attack methods can be overwhelming. Companies and their systems, regardless of size and industry, need to be secure 24/7. However, given today’s employment market, who has the time or the financial means to hire the individuals required? MDR solutions are here to help.
Managed Detection and Response (MDR) is a service that provides real-time threat detection, threat hunting, and an active response 24/7/365. It’s designed to strengthen companies’ current security monitoring capabilities to address gaps in threat detection. Not all MDR solutions are made alike; the products themselves have many nuances, and no one product can prevent security incidents. Therefore, numerous products need to work together to achieve maximum risk reduction for companies. When properly set up, the technologies can only accomplish so much on their own, and the remaining crucial components require the assistance of highly skilled professionals.
When companies are talking about the word ‘Managed’, they’re referring to the dedicated team of experts who are on their side. The team has extensive experience and knowledge in cybersecurity and ethical breaching, so companies are ensured that their systems are monitored by the right people. When the tools detect threats, the technology, and the team will quickly respond to resolve the security incident.
MDR provides companies with the ability to detect threats and attacks and quickly respond to them. It takes on average 146 days to detect a breach. MDR technology is continuously evolving and learning to better detect intrusion and enumeration. MDR provides a quick response and isolates the threat to prevent a lateral spread from happening, which is one of the most critical phases in the threat operators’ timeline. To understand how important a quick response is, companies need to understand the threat operators’ timeline. This is the threat operators’ movement before, during, and after their attack and can be divided into five phases.
Planning – Threat operators research and gather information on their targets to plan the attacks they will conduct
Intrusion – Threat operators now have unauthorized access to their targets’ systems. Spear phishing, insider threats, or exploiting vulnerabilities are all common techniques for threat operators to gain access.
Enumeration – Threat operators establish numerous things in the targets’ environment. They hide themselves making it difficult to notice that they’re monitoring the system and attempting to steal credentials to gain additional access to systems.
Lateral Movement – The threat operators move from system to system, stealing data and spreading malware.
Completion of Objective – Threat operators delete any backups and corrupt files after the malware has been successfully deployed, making it difficult for the team to get the system working again.
Detecting attacks during the Intrusion, Enumeration, and Lateral Movement phase is critical. When threat operators get to the lateral movement phase, they’ll attempt to access or create other user accounts with security permissions, distribute malware, or begin stealing data from critical systems. The threat can be contained by the team before this phase by initiating a response. Any remediation steps can be conducted where the threat operators were able to enter the systems and the team can lock them out to avoid a catastrophe.
When it comes to data loss, time, and ransom payment, the cost of a data breach can be crippling. Paying the ransom is not only a significant financial cost if the stolen data is made public, but the damage to companies’ reputations can also be disastrous in the long run. A single cyberattack can put small to medium-sized companies out of business if their systems and reputation are severely damaged. More companies are investing in MDR solutions to address a developing IT security skill gap, increased complexities in today’s digital environment, and having coverage outside of normal business hours. Most cyber liability insurance policies now question if companies have this, if not, their risk score and premiums will increase. Companies can relax knowing that their systems are being continuously monitored by a team of professionals working to protect their business 24/7/365 with MDR and will pay lower insurance premiums.
When cyberattacks occur, Managed Detection and Response solutions can help save companies from disasters. Additionally, it’s crucial for companies to remain vigilant on the current threat landscape and always keep off-site backups of their networks. At SpearTip, our certified engineers focus on restoring companies’ operations, reclaiming their network by isolating malware, recover critical assets needed to operate. Our engineers at our 24/7/365 Security Operations Center execute the technical recovery plan, using digital forensics to decipher and communicate recovery possibilities. SpearTip understands the importance of restoring companies’ core operations and conducts thorough data analysis to help return their business to its normal operations.
If your company is experiencing a breach, call our Security Operations Centers at 833.997.7327 to speak directly with an engineer.