A managed service is usually more efficient than trying to build the capacity in-house
Over the past few years, many organisations have seen significant turnover and experienced trouble attracting and retaining cyber security talent. This has led to a constant need to keep cyber security teams up to speed on security measures.
Cloud services can also have quite small changes from week to week and month to month, and if someone isn’t intimately familiar with these changes, they could struggle to adapt and respond in the event of an incident. This need for continuity and expertise makes the service offerings of MXDR almost as valuable as the technology itself.
MXDR helps organisations have more consistency in monitoring their various services, even as employees come and go. It can help organisations defend against more sophisticated social engineering attacks, which target employees directly rather than simply targeting machines, and it provides continuity of knowledge and vigilance even as teams evolve and change.
Experience plays a big role in managing a cyber incident, but no organisation has a team handling ransomware every day. MXDR lets companies focus on their core business on a day-to-day basis, supported by an expert team that has been empowered to oversee security monitoring."
Data presented in this communication is derived from global incidents reported to Beazley between 2021 and 2024.
The information set forth in this communication is intended as general risk management information. It is made available with the understanding that Beazley does not render legal services or advice. It should not be construed or relied upon as legal advice and is not intended as a substitute for consultation with counsel. Although reasonable care has been taken in preparing the information set forth in this communication, Beazley accepts no responsibility for any errors it may contain or for any losses allegedly attributable to this information. Non-insurance products and services are provided by non-insurance company Beazley affiliates and independent third parties. Separate terms and conditions may apply.
Experience plays a big role in managing a cyber incident, but no organisation has a team handling ransomware every day. MXDR lets companies focus on their core business on a day-to-day basis, supported by an expert team that has been empowered to oversee security monitoring."
