Issue link: https://insights.oneneck.com/i/1233447
3 The Managed Detection and Response (MDR) Manifesto is intended to clearly define the value organizations should expect to receive when they add MDR to their security plans and budgets. In addition, this manifesto serves to clarify and standardize on the definitions and capabilities associated with MDR. For example, a simple term like "protection" can mean anything from preventing network access, to enabling secure network access, to encrypting data, or testing the security of networks and encrypted data. The potential to provide protection against attacks and the reduction of damages from successful attacks are driving heightened interest and investment in MDR. Nowhere are the effects of this confusion and heightened interest clearer than in the mapping of trends for security spending and security breach costs over time. According to Gartner, "end-user spending for the information security and risk management market is estimated to grow at a compound annual growth rate of 8.7% from 2018 through 2023 to reach $188.8 billion in constant currency." 1 In 2017, the total end-user spending for the information and security risk management market was $112.9 billion in constant currency. As spending on security continues to increase, the chart below shows the costs associated with breaches also continue to rise. This paradox is directly attributable to a combination of insufficient understanding of risk and an increasingly confusing set of point solutions to the problem. This manifesto describes the virtues of MDR in clear terms, setting boundaries and expectations around the benefits and limits of the capabilities of this approach in the widening security arsenal. 1 Gartner, Forecast: Information Security and Risk Management, Worldwide, 2017-2023, 4Q19 Update, Rustam Malik, Christian Canales, Ruggero Contu, Lawrence Pingree, Elizabeth Kim, John A. Wheeler, Mark Driver, Nat Smith, 20 December 2019 $0 $20 $40 $60 $80 $100 $120 $140 $0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 2012 2011 2013 2014 2015 2016 2017 2018 2019 Cybersecurity Investments ($B) Cybercrime Losses ($B) Growing Security Investments with Growing Losses Sourced from FBI IC3 Annual Reports