Cyber threats have changed substantially over the years. The types of threats are different, with ransomware and supply chain attacks becoming increasingly prevalent compared to years ago. Cybercriminals and nation-state actors are more sophisticated and motivated than ever. Every company, large or small, across all industries, finds itself with a target on its back. Sometimes the company is a target by design – other times, a target of opportunity. In fact, more than 60% of companies worldwide experienced at least one cybersecurity incident in the last year, according to TechJury.
Lyndon Brown, Chief Strategy Officer at Pondurance, talks about the shifting cyber landscape in an interview with Mathew Schwartz of Information Security Media Group at the RSA Conference in San Francisco. Lyndon discusses how cybercriminals are monetizing data and how modern managed detection and response (MDR) services have adapted to defend against today’s threats.
Cybercriminals monetize data
“Cybercrime is big business,” said Lyndon. “Cybercriminals all around the world have figured out ways to get very rich … and that’s been a big shift over the last decade or so.”
In years past, only specific, monetizable data was considered valuable, such as medical records and credit card information. But today, to maximize their business profits, cybercriminals have changed their perspective on what is monetizable data. Learn what Lyndon says about monetizing data and how it may increase your company’s risk of ransomware and supply chain attacks.
Modern MDR responds
As cybersecurity threats shift, MDR providers must pivot to stay one step ahead of the bad actors. A few of those important pivots involve integrated response, customization, and integration:
- Response. With traditional MDR, companies benefited from MDR services such as triage, detection, and limited response to threats. Modern MDR has advanced from there with threat blocking, 360-degree visibility, 24/7 threat hunting, and more. Also, discover why Lyndon believes early detection and response is key to minimizing attack damage.
- Customization. One size no longer fits all in cybersecurity. Companies have different technology infrastructures, levels of cloud adoption, business perspectives, and levels of risk tolerance. MDR providers need to understand the risks their clients are willing to take and know what data they most want to protect.
- Integration. Early on, companies either had to handle their cybersecurity in-house or give up control to a service provider. But you no longer have to forgo control to benefit from MDR services. Lyndon explains how modern MDR providers like Pondurance can integrate with your company’s existing team and technology and allow your team to maintain visibility and control over your own data.
Learn more about modern MDR
Over the years, the cyber landscape has changed with new types of attacks, more sophisticated cybercriminals, and a broadened definition of who is a target. But MDR providers are adapting to defend against cybercriminals.