Hackers are becoming intelligent, and cyber-attacks will continue to grow frequently. In this scenario, organizations must focus on current security costs and adopt XDR solutions to minimize expenses efficiently. CISOs need to know why XDR investment is crucial to organizations today.
Companies need to have policies to secure data on device usage because of increased threats across IT infrastructure. CISOs and security leaders face challenges, including extended budgets, lack of in-house resources, misconfigured security, and existing legacy solutions. By adopting XDR (Extended Detection & Response) solutions, they can get better RoI on their security investments and the ability to combat evolving security threats.
Why CISOs Should Highlight Extended Detection & Response (XDR) Plan
These three strategies may help CISOs to use XDR profitably.
Reducing Operational Costs
CISOs operate under budget constraints, focusing on optimizing operational expenditure across two domains. First are the costs associated with implementing new security controls and team costs for running the controls.
Second, the costs related to the increasing premium costs and scope of policy omissions in the cyber security market, while external compliance and security reporting requirements intensify the pressure of increasing spending. CISOs can relatively reduce security costs by implementing Extended Detection & Response (XDR), which improves company assets’ insurability and reduces premiums’ costs.
CISOs continue to face significant challenges in reducing risks of disruptions to essential business functions from cyberattacks. The attacks that target businesses are skilled and persistent today, making CISOs deploy various refined tools and techniques
Inviting and Retaining talent
CISOs are constantly concerned about the necessity for skilled security professionals to fill open roles and overcome the challenge of retaining valuable skills, because they have to finally improve the Security Operations Center (SOC) skills and talent set.
When considering potential solutions to these three imperatives, CISOs need the support of a good analyst with experience. A better experienced analyst reduces the Mean Time To Response (MTTR) and Mean Time To Detection (MTTD), thus decreasing the risks of attacks, improving the productivity of cyber teams, and reducing hiring and training costs.
CISOs must focus on a unique approach to XDR that will improve the SOC analyst skills, reduce attack risks, identify vulnerable business areas, and improve security measures. To meet these objectives, CISOs must invest in XDR tools and technology for intense threat detection and reduction in risks.
How XDR Extends Detection and Response Abilities
XDR extends Endpoint Detection and Response (EDR) by detecting and addressing cyber threats. XDR also focuses beyond the endpoint to cover networks, cloud applications, storage, and other endpoints.
The XDR solution unifies the detection and analysis of cyber threats in organizations. The abilities are not limited to endpoints. However, it is a more comprehensive solution according to the rising sophisticated threats.
In addition, XDR can even more efficiently defend against cyber threats double digital than EDR by unifying visibility and managing across endpoints, such as networks and cloud-based assets. The advanced XDRs are equipped with AI, which plays a prominent feature that assists in identifying and preventing evolving cyber threats.
The added feature of AI into XDR is vital for providing transparency of threat activities. Analyzing, regulating, and correlating data from multiple devices and tools related to XDR delivers end-to-end visibility. The notable aspect of XDR is that it can associate with the existing security information and event management (SIEM) practices, offering security operations centers (SOCs) data for monitoring threats and delivering adequate response and mitigation solutions.
Making the Switch a Beneficial Option
CISOs can invest in XDR solutions to enhance their SIEM platforms. The beneficial aspects for CISOs while adopting the solutions are that they can employ SOAR (security orchestration, automation, and response) and UEBA (user and entity behavior analytics) capabilities on SIEM with the help of XDR.
Since XDR is an advanced version of EDR, it can provide a toolkit to help keep pace with the evolving threat landscape.
The next consideration for CISOs to focus on is whether to build an in-house XDR solution or invest in a service provider that can enhance in-house knowledge and provide organizations with 24×7×365 monitoring systems and tools. Such providers can augment existing security teams and CISOs to reduce the cost of building a skilled XDR capability in-house.
Compelling Use Cases of XDR Solutions
Organizations deal with an influx of severe security threats due to a lack of security resources and skills. One of the significant risks is data security. While threat actors continue to evolve their attack strategies, XDR integration into the ransomware-as-a-service (RaaS) model offers better visibility to advanced threats and immediately alerts security teams. CISOs must invest in an efficient and scalable managed XDR solution that is the fastest and most cost-effective option to handle a complex threat landscape.
Here are some key benefits of managed XDR solutions:
- Holistic telemetry beyond the endpoints
- Around-the-clock threat detection of an organization’s IT infrastructure
- Actionable cyber threat intelligence (CTI)
- Reduced total cost of ownership
- Efficient cybersecurity alerts and notifications
- Access to deep security and threat prevention
- Mapping automatic cybersecurity framework
The XDR platform can also help detect phishing emails and threat intel sharing: malware detection, response, and remediation of email phishing threats.
A managed XDR solution can enhance an organization’s detection and response capabilities; bad it is imperative that CISOs plan adequate investment for securing their existing digital assets with solutions like these.
Investment in XDR technology is not the only requirement. It requires adequate resources to manage the technology. But once adequately implemented, XDR can shift an organization’s threat detection and response action plans to a positive curve.
Managed XDR solutions must be a significant part of any organizations’ cybersecurity investment plans. The solutions help organizations reduce the counts of false positives, provide accurate incident response and a comprehensive solution for remediation, and promote streamlined operations. In addition, organizations looking to embrace UEBA capabilities in their threat detection and response capabilities should consider how XDR can play a crucial part.
Even with all investment concerns, CISOs can understand that critical planning is required for this investment to ensure the expected RoI is delivered. It is time to shift from a reactive to a preventive security strategy successfully.