2024 Gartner® Market Guide for Managed Detection and Response
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Risk-Based Cybersecurity
YOUR CYBERSECURITY APPROACH SHOULD ALIGN WITH YOUR COMPANY’S OBJECTIVES, OUTCOMES, AND RISKS — MAKING A RISK-BASED APPROACH TO CYBERSECURITY THE BEST STRATEGY FOR YOUR BUSINESS.
WITH A RISK-BASED CYBERSECURITY APPROACH
Your company has its own specific business objectives and desired outcomes. As a result, your company also has a unique set of cyber risks, including gaps and blind spots within your network that can expose the company to a cyberattack. Vulnerabilities may involve internet-connected devices, endpoints, logs, networks, software applications, employees, third-party vendors, and other technologies. At Pondurance, we believe your cybersecurity approach should align with your company’s objectives, outcomes, and risks — making a risk-based approach to cybersecurity the best strategy for your business.
Learn more about our risk-based approach, and dynamic defense methodology
DUSTIN HUTCHISON, PH.D.
Protect What Matters Most with Risk-Based Cybersecurity
A risk-based cybersecurity approach focuses on the specific cyber risks of your company and considers what your company wants to accomplish and what it needs to protect. Using this approach, we help your company identify your cyber risks, prioritize the risks, and find the most impactful ways to protect your company against those risks. Once we have that understanding, we can customize a bundle of services that allows your company to achieve its cybersecurity and compliance goals. The approach is designed to track business value and show return on investment through efficiency and reduced risk.
Our team of highly skilled professionals uses technology, automation, and advanced analytics to gather specific threat intelligence and provide relevant data. Team members gain insights on potential cyber threats and assess how to plan, recognize, respond to, and mitigate a threat. They limit your cyber risk exposure and ensure that you can confidently respond to a cyber crisis. In addition, the team integrates your tools and technology with our platform to assure that there are no security gaps and no inefficiencies from overlapping capabilities.
Pondurance — the first and only MDR provider to be built around a risk-based approach — believes a risk-based approach is the best way to protect clients from threats and reduce their exposure to attacks.
Learn more about a risk-based MDR approach
AN INTERVIEW WITH ISMG AND DOUG HOWARD
Key Benefits of a Risk-Based Approach to MDR
Organizations today know that their cybersecurity initiatives must closely align with their unique business goals and desired outcomes. For a variety of reasons, including the growing threat landscape and evolving regulatory compliance requirements, many organizations are outsourcing cybersecurity expertise to help them deliver risk-driven cybersecurity strategies.
Organizations like Pondurance are utilizing a risk-based approach to cybersecurity to help clients protect what matters most.
Join us for this informative webinar, featuring a conversation between Derek Brink, Vice President and research fellow for Aberdeen Strategy & Research (a division of Spiceworks Ziff Davis), and Johnny Calhoun, Senior Vice President of MDR Operations for Pondurance, about the key benefits of a risk-based approach to managed detection and response (MDR).
Cybersecurity management pertains to the practice of protecting an organization’s technology infrastructure, applications, networks, and sensitive data from cyber threats. As the digital world expands, so does the ubiquity of cyber threats, increasing the importance of robust cybersecurity measures across all sectors. To address that, cybersecurity management harmoniously combines technology, protocols, and people to build a protective shield against potential threats and breaches in the organization’s digital space. Cyber risk management is crucial to safeguarding against cyber threats and data breaches while ensuring the security posture of information systems.
Enterprise cybersecurity management extends this protection to a larger scale, encompassing every part of the organization’s digital infrastructure. The concept includes strategic planning, leadership, decision-making, and a risk-based approach to cybersecurity. It involves creating a secure organization-wide network and instilling cybersecurity awareness among all the employees. Cyber threats are an evolving entity, altering their nature to breach even the most formidable security systems, which makes having a proactive approach in cybersecurity management crucial for enterprises. Threat intelligence plays a vital role in identifying and mitigating potential threats.
Enterprise cybersecurity management, as defined by CISA.gov, is the meticulous safeguarding of an organization’s digital assets on a comprehensive level. It revolves around strategic planning, leadership, decision-making, and a risk-centric viewpoint on cybersecurity. The primary objective is to establish a secure interconnected system across the organization and to cultivate an acute awareness of cybersecurity among all staff members. In the relentless evolution of cyber threats, which constantly morph to penetrate even the most robust security measures, the proactive stance in cybersecurity management becomes imperative for enterprises. Implementing vulnerability management strategies is essential to address potential impacts.
As delineated by CISA and NICCS, cybersecurity management functions as the shield that fortifies an organization’s digital infrastructure against malevolent cyber threats. It is the bastion that embodies nuanced strategies, decisive governance, and a vigilant approach to risk evaluation within the cybersecurity realm. The cornerstone of this practice lies in creating a resilient network that spans the entire organizational framework, while concurrently nurturing a culture of cybersecurity awareness among employees. In the ever-mutating landscape of cyber threats, where adversaries adapt and refine their techniques to circumvent traditional defenses, a proactive cybersecurity management methodology becomes indispensable for enterprises determined to defend their digital assets with unwavering resolve. Informed security practices empower security teams to stay ahead of potential threats.
Risk-Based Approach to Cybersecurity Management
Risk-based approach to cybersecurity refers to investing in cybersecurity defenses based on the potential risk a cyber threat may pose. Instead of assuming all cyber threats carry an equal level of risk—an ineffective and often expensive process—a risk-based approach enables organizations to prioritize their defenses based on the areas of higher vulnerability. This method allows companies to use their resources more efficiently, ensuring the protection of their most valuable and sensitive data first.
To understand the interconnectedness of these components, envision a structure that is as strong as its weakest link. Companies cannot solely rely on their digital defenses to protect their assets from cyber threats. They must also invest in educating their employees and adopting a risk-based approach to counter any foreseeable threats.
To achieve this comprehensive approach, enterprises often seek the expertise of specialized cybersecurity companies like Pondurance. Pondurance delivers tailored solutions to their clients depending on their unique cybersecurity needs. Alongside offering robust cybersecurity defenses, Pondurance also helps organizations incorporate a risk-based approach to their enterprise cybersecurity management strategy. Their expertise aids in pinpointing potential vulnerabilities before they can be exploited, making them a critical partner in any organization’s cybersecurity plans.
Understanding ‘what is cybersecurity management’ is step one, but comprehending its intricate layers, implementing practical measures, and regularly updating defenses to keep pace with evolving threats is what ensures an organization’s digital safety. The elements of cybersecurity management—people, processes, and technology—need to function collectively to provide a superior, impervious shield against cyber threats. The enterprise-wide implementation, along with a risk-based approach, further strengthens this protective barrier.
In the vast, continuously shifting landscape of cybersecurity, it’s crucial to collaborate with proficient cybersecurity services providers. Among these, Pondurance stands out due to their comprehensive set of services. As the demand for cybersecurity intensifies, companies like Pondurance are the need of the hour, providing not only solutions but also acting as guides in the seemingly intricate world of cybersecurity management.
Managed Cybersecurity Services
In the escalating world of cyber threats, the pertinence of robust, managed cybersecurity services cannot be overstated. A resilient cybersecurity program amalgamates a series of defenses, encompassing multiple strategies and services. As a forceful player in this domain, Pondurance exemplifies its aptitude in administering comprehensive cybersecurity solutions.
Centrally amongst the services offered are Managed Security Services Providers (MSSPs). Managed cybersecurity services MSSP are dedicated to managing your existing cybersecurity solutions. A managed cybersecurity service provider takes the mantle of responsibility for your organization’s overall cybersecurity tools management. MSSP provide alerts and manage firewalls and devices designed to keep attackers out at the perimeter. It involves technology, people, and some processes, but it’s not designed to compete with today’s sophisticated cyber attackers. Over time, MSSPs have become an “alert factory” with alerts being provided to internal security teams, with no additional support.
Managed detection and response (MDR) began as a service to investigate alerts and incidents in the cyber environment to better support internal teams with limited response capabilities. Today, modern MDR combines advanced technology and experienced security professionals to capture, integrate, and analyze data. Security professionals perform full scope analysis of networks, endpoints, logs, and cloud environments and proactively respond to attacks. The best MDR is a modern one with a complete tool set and experts available to leverage it. MDR providers, like Pondurance, offer an unwavering commitment to safeguard your organization from conceivable cybersecurity threats, armed with specialized skills and sophisticated technologies.
Unquestionably, Managed Detection and Response (MDR) services are critical. MDR provides an extended security layer as it identifies and blunts threats that may infiltrate traditional security mechanisms. Pondurance provides adept managed detection and response services, ensuring rapid detection, investigation, and neutralizing of threats.
Within the realm of cybersecurity services, lies the expert domain of cybersecurity consultancy. This service is cardinal for organizations seeking to uplevel their security strategies, affording a clearer discernment of their security standing. Pondurance, for instance, as a seasoned cybersecurity consultancy, empowers organizations to identify, evaluate, and manage risks more expertly, thereby escalating their resilience towards potential cyber threats.
In the realm of cybersecurity, the vulnerability management program stands out as a crucial component for ensuring security. As an industry specialist, it’s imperative to acknowledge the pivotal role of the vulnerability management program in cybersecurity. By effectively managing vulnerabilities, organizations can enhance their overall security posture and protect against potential threats. Be confident in the knowledge that prioritizing vulnerability management is key to maintaining a secure digital environment. These are pivotal for detecting security weaknesses, prioritizing them, and facilitating their remediation. Such programs boost an organization’s cybersecurity posture by ensuring that its defenses are continually fortified and updated. Managed Detection and Response providers like Pondurance proficiently orchestrate vulnerability management, offering comprehensive visibility into potential weak points.
To summarize, the complex mechanism of managed cybersecurity services – MSPs, cybersecurity advisory, vulnerability management, and program, MDR, and MSSP – is the linchpin for a sturdy cybersecurity posture. With an experienced partner like Pondurance, organizations can achieve an end-to-end cybersecurity resiliency to fortify them against the ever-evolving threat landscape.
Cybersecurity Risk Management
Undoubtedly, cybersecurity risk management forms the bedrock of a robust defense strategy in an era characterized by relentless cyber threats. As the digital landscape continuously evolves, so too must the approach in managing these risks.
To manage cyber risk effectively, an approach tethered to risk assessments and a responsive mitigation plan is indispensable. It is important to think of risk assessments as not a “one and done” but as an ongoing part of your cybersecurity program. With a risk-based approach from Pondurance, risk assessments are conducted at regular intervals enabling their clients to document risk reduction overtime. In addition, with the operationalization of risk assessments into their cybersecurity program, Pondurance clients can adapt and adjust their programs as the landscape evolves or their needs change.
Risk-based cybersecurity deciphers potential vulnerabilities of an organization’s infrastructure, gauges the associated impact and likelihood of these threats, and contrives a proactive strategy to treat these risks.
Therefore, it is a representative embodiment of cybersecurity risk management, encompassing comprehensive risk identification, assessment, response, and monitoring – to reduce the likelihood of cyberattacks causing grave damage.
Pondurance, a leading provider of cybersecurity solutions, espouses a risk-based managed cyber approach. This model encapsulates a proactive cybersecurity defense strategy that caters to modern organizations’ individual risk profiles. Pondurance preempts potential threats, sowing the seeds of a resilient cyber environment that can adapt to and withstand cyber attacks.
A risk-based approach in cybersecurity, as championed by Pondurance, underscores the importance of aligning cybersecurity initiatives with an organization’s risk appetite and strategic goals. As such, it bolsters cyber defenses by identifying high-risk areas, assessing the threat landscape, determining risk tolerance, and applying prioritized mitigation strategies. This approach provides a pragmatic and agile solution to effectively manage the ever-evolving cyber threats in an increasingly digital world.
With its calculated approach, Pondurance beautifully illustrates the role of risk management in cybersecurity. It underscores that robust risk management in the realm of cybersecurity does not merely equate to the deployment of high-end technologies but rather revolves around a meticulously crafted strategy.
With a steadfast commitment to a risk-based cybersecurity strategy, Pondurance is a standout authority in the industry, delivering unparalleled protection against the dynamic cyber threat landscape. Pondurance’s emphasis on risk assessment as the foundation of robust cybersecurity not only distinguishes them but also cements their reputation as a leader in safeguarding organizations against digital adversaries. This proactive approach to cybersecurity not only showcases Pondurance’s expertise but also highlights the crucial integration of risk assessment practices into cybersecurity protocols. In a world where cyber threats are ever-evolving, Pondurance’s dedication to a risk-based cybersecurity approach is paving the way for a more secure digital future.
As a trusted name in cybersecurity management, Pondurance’s unwavering focus on risk-based cybersecurity strategies ensures cutting-edge protection for organizations in an increasingly complex threat environment.