Cyber Security

Published on October 25th, 2016 | by Tony Thompson

Managed Detection and Response, with a Rewind Button

With regulatory agencies issuing cybersecurity mandates and guidelines requiring an ability to detect and manage threats, businesses need to take threat detection measures seriously. But companies today are frustrated with the cost and complexity of the cybersecurity tools at their disposal. Compliance aside, these companies have no way to say with confidence if they have been breached, or are currently experiencing a breach. They need help.

This is where managed detection and response (MDR) can play a critical role, and SS8 is excited to announce an alliance with CohnReznick LLP, one of the nation’s top accounting, tax and advisory firms. This alliance combines SS8’s continuous retrospective threat detection capabilities, what we refer to as our “time machine” for breach detection, with CohnReznick’s cybersecurity risk advisors to deliver a new MDR service.

Financial services, retail and other industries benefit from this new proactive threat detection and breach hunting service, while also cost-effectively meeting their compliance requirements.

Managed Detection and Response Fills Security Gaps

According to Gartner in the report titled: “Market Guide for Managed Detection and Response Services,” authored by Toby Bussa, Craig Lawson, and Kelly M. Kavanagh, IT security leaders should “use MDR services to augment existing security monitoring capabilities to address gaps in advanced threat detection and incident response before investing in more security monitoring tools (e.g., security information and event management [SIEM], network, and host-threat detection), and associated staff and expertise.”

Also according to Gartner, “By 2020, 15% of midsize and enterprise organizations will be using services like MDR, up from less than 1% today.

Jim Ambrosini, managing director of cybersecurity for CohnReznick LLP, commented, “When it comes to protecting their organization’s data, intellectual property, and assets, our clients need real breach detection to help minimize loss.” Ambrosini added, “When evaluating technology to complement our risk practice, we realized we needed a solution that is proven, easy-to-implement and could meet the threat detection compliance requirements of our financial clients.”

Helping Clients Protect Data and Minimize Loss

CohnReznick is providing customized risk assessments that illustrate the potential breach exposure within their environment. While many organizations are forced to rely on small IT or security teams, and have challenges managing and developing their own security strategies, the combined force of SS8’s technology and CohnReznick advisors gives clients the strategy to prevent future risk and the technology horsepower to detect the most advanced threats on the network.

Ambrosini continued, “SS8 is the clear winner with retrospective analysis capabilities that provide a deep understanding of breach risk. We can turn back the clock to see the who, what, when, where, and how a threat penetrated the network, well before a true data exfiltration event would occur.”

CohnReznick is positioned to simplify the lives of IT and cybersecurity professionals, and we are excited to be powering the threat detection and hunting technology behind the CohnReznick service that will focus on stopping breaches in their tracks.

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