Fortra Alert Logic MDR Key_for_Effective_Cybersecurity

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SOLUTION BRIEF (Alert Logic) Page 1 Fortra.com 24/7 Monitoring for Suspicious Activity and Emerging Threats Cybercrime is big business. Threat actors around the world constantly develop new technologies and techniques to find and compromise vulnerable systems. Systems exposed to the internet are under constant attack by both automated and targeted attacks. Attacks also are being commoditized, enabling more people to mount effective attacks as well. Consider the following: • 83% of organizations have experienced more than one breach. 1 • In 2022, it took an average of 277 days — about 9 months — to identify and contain a breach. 2 • The average total cost of a data breach in 2022 was $4.35 million (12.7% increase over 2022). 3 • Ransomware is on a rapid rise, increasing 13% in 2022 over 2021. In 2021, it was estimated that a business suffered a ransomware attack every 11 seconds. By 2031, it's forecasted a consumer or business will be attacked every two seconds. 4 Cloud Adoption Increases Attack Surface By 2025, Gartner estimates that over 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. 5 With this increase in cloud adoption comes a larger pool for threat actors to target for compromise. Providing security from on-premises to cloud differs vastly, as is security between cloud providers. In-house security professionals are finding traditional point security products and practices inadequate to extend necessary security protection to the cloud. Firewalls, endpoint protection, and intrusion detection systems provide some defense against these attacks, but inevitably attacks get through. If you're only conducting periodic scans or sporadic review of logs, attacks that get past your defenses may remain undetected for long periods and provide threat actors time to linger on your network, conduct reconnaissance to identify other vulnerable and high value targets, and inflict damage. To detect and defend against continuous attacks, organizations need to monitor 24/7 to identify critical security incidents. Improve Security with 24/7 Monitoring Continuous monitoring is a critical component for effective cybersecurity. However, there are a variety of factors that make it challenging for most organizations to accomplish this on their own. While many businesses know they need to enhance their security team, they hit a major challenge when trying to find and hire experienced cybersecurity talent. 6 According to the 2022 Cybersecurity Workforce Study, there are more than 3.43 million cybersecurity positions currently open worldwide. Despite that growth, the cybersecurity workforce gap has grown at 2x the rate, further widening the gap. 7 Salaries for cybersecurity professional jumped by more than 15% in recent years 8 , the candidate pool is limited for entry- and mid-level candidates, and ongoing training and professional certifications can be as much as $20,000 per person annually. And even when you find a security professional to join your team, there's a significant ramp period, constant tuning required for the tool stack, and the risk of people leaving once they have been trained means a constant vigilance program is often unattainable. Visibility Is Key for Effective Cybersecurity

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