According to a recent survey by SecBI, many organizations are on the path to adopting extended detection and response (XDR) solutions. Nearly 80% of InfoSec personnel surveyed believe that XDR technology should be one of their company’s top security priorities.
Similarly, 68% of surveyed professionals indicate that their company plans to implement XDR technology in 2022. The survey results highlight the value for companies to base their security strategies on XDR technology. Three reasons for this. Let’s examine them in detail.
XDR Technology Addresses Cybersecurity Talent Shortage
First, the shortage of cybersecurity talent remains an issue for many companies. A recent report published by the ISSA (Information Systems Security Association) and ESG (Enterprise Strategy Group), an industry analyst firm, provides some explanations for this phenomenon. It reveals that a heavier workload (62%), vacancies (38%) and burnout (38%) are making it increasingly difficult to recruit cyber experts. This feedback is shared by the vast majority of respondents (95%).
This lack of resources greatly complicates enterprise security efforts. All of these factors combined make it harder for security experts to separate false positives from legitimate security issues they need to protect against. The task is very heavy.
InfoSec teams also suffer from burnout, and are overwhelmed with poorly contextualized alerts and false positives. As companies grow, SIEM and SOAR solutions struggle to scale and cost more and more. An advanced XDR solution provides a unified investigation and response experience that correlates telemetry information across remote endpoints, mobile devices, cloud platforms and applications to preempt, prevent and stop operations malicious.
XDR Technology Addresses Growing Network Complexity
Second, enterprises use a wide range of security tools, which contributes to the complexity of their environment. In fact, according to a recent Reliaquest survey, organizations employ an average of 19 different security tools, and many survey participants are unsure of their effectiveness.
For example, 85% of security decision makers surveyed say they deploy new technologies faster than they can use them productively.
An advanced XDR solution eliminates the data silos between devices, applications, productivity suites, user identities, and cloud deployments that attackers rely on to evade detection. Advanced XDR technology unifies correlations between network, devices, and identities for faster and more effective threat detection and response, while providing new predictive capabilities that enable teams to defense of anticipating the next action of a cybercriminal and proactively blocking it.
XDR Technology Helps Stem the Rising Cost of Data Breaches
We conducted a survey, titled Ransomware: The True Cost to Business. The latter shows that ransomware attacks have in most cases a major impact on the companies that are victims, with in particular a loss of turnover, damage to the reputation of the brand, unplanned workforce reductions and business interruptions.
The average cost of a data breach continues to rise. The 2021 edition of IBM’s Cost of a Data Breach report finds that the cost of a breach has risen to $4.24 million, the highest total cost ever recorded by IBM’s report .
According to the study, it takes an average of 287 days for a company to identify and contain a breach. A real source of concern for companies knowing that data breaches that last more than 200 days cost an average of $4.87 million, compared to $3.61 million for those detected in less than 200 days.
An advanced XDR solution automates threat detection and remediation, saving analysts time and effort. It autonomously identifies attacks, and searches for malicious activity as well as the tactics, techniques and procedures (TTPs) employed by cybercriminals in real campaigns.
XDR technology provides security teams with the full history of the attack, including information about its root cause across the machines and users affected. They benefit from complete contextual information on each incident, without the noise generated by false positives. This immediate understanding of the attacks helps them better focus on the essentials. Earlier detection and faster remediation also reduces threat exposure time and therefore the cost of security incidents.
An advanced XDR solution enables organizations to take an operations-centric approach to security. It offers them the visibility necessary for effective protection of all network resources, but also automated responses to stop the progression of attacks as soon as they are launched.
The solution also helps defense teams anticipate, detect and respond to cyberattacks at all levels of the enterprise, whether endpoints, networks, identities, cloud or application workspaces.