Gone are the days when organizations used to run and scale their offline businesses at three-toed sloth’s speed. The inception of the Internet turned into a really pervasive and groundbreaking force in our life, with millions of Websites serving billions of web pages to people on a daily basis. Through various advancements, web and SaaS applications have become intelligent, dynamic and asynchronous.
In recent years the outbreak and spread of COVID-19 have left many people with fears and questions. With various medical opinions, news outlets spreading varied statistics, case number and death reports, and safety recommendations that varied between countries, states, cities, and individual businesses, people often felt desperate for information.
Often it's not a question of if your business will experience a data breach, but when. Hackers are always looking for new ways to take advantage of weak networks or trick employees into falling prey to their schemes. And if your business operates computer systems or handles sensitive data regularly, you are at risk. Having the right insurance coverage to provide aid in the event of a cyber attack can save your business from expensive lawsuits and reputational damage.
Over the last several years, Managed Security Service Providers (MSSP) have evolved, and some have started offering Managed Detection and Response (MDR) services as part of their overall security solution. However, an MSSP lacking MDR capability simply cannot provide the same level of security, particularly in today’s quickly changing environment that has seen remote and hybrid work become the norm.