Despite all the cybersecurity benefits of an extended detection and response (XDR) strategy, switching to this alternative threat management approach may seem daunting.
Even though any changes in operations will require time and resources upfront, incorporating XDR into your security operations will overall significantly reduce costs for your organization. Economic benefits of XDR can be split into the following categories:
- Fewer remediation costs
- Increased security efficiency
- Additional opportunity for business investment
Fewer Remediation Costs
Fewer attacks penetrating your defenses mean fewer associated costs of remediation and damage repair.
XDR provides your organization with full visibility across all possible attack surfaces in one integrated system. With this approach, you can analyze any security alert across endpoints, networks, cloud services, or other aspects of your IT infrastructure. Your security analysts can then use this additional context to track down an attack’s root cause.
By eliminating underlying vulnerabilities, your organization becomes less likely to fall victim to potential attacks. Since the average cost of a data breach is more than $1.5 million, as estimated by a 2021 IBM report, every improvement in your security posture saves your organization from those financial risks.
Increased Security Efficiency
A properly implemented XDR approach can help you manage your security operations much more efficiently.
Traditional security information and event management (SIEM) solutions tend to get bulky and difficult to maintain as your organization grows and adds more sources of data. XDR, on the other hand, integrates all data sources and security tools together. By consolidating your technology stack into one environment, you can respond to threats much faster and triage incoming alerts more intelligently.
Most XDR implementations also leverage automation. By automating some of your security workflows, your organization can offload time-consuming work and reduce your reliance on specialized talent for all of your security operations.
Additional Opportunity for Business Investment
As your business reduces costs associated with managing security operations and handling threats, you can invest those newly available resources into other aspects of your business operations.
By streamlining your cybersecurity, you free up capital that you can then invest into new partnerships, projects, products, etc. whether across your IT operations or other departments.
Thanks to improved threat protection, more efficient security operations, and the ability to invest in other aspects of your business, XDR can be a brilliant investment for your organization.
However, implementing a comprehensive XDR approach that will provide you with those benefits is not easy. XDR requires deep expertise across a variety of security functions, behavioral analytics, and a restructuring of your current security program.
If you would like to benefit from managed security services to help your organization transition to an XDR strategy, our team at Pareto Cyber is happy to help. We can conduct an extensive risk assessment and help you maximize your security investments to capitalize on all the benefits that XDR can offer.