Rapid7 Adds New Managed Digital Risk Protection To Leading MDR Service for 360-Degree Detection and Response

Rhea-AI Summary

Rapid7, Inc. (NASDAQ: RPD) has announced a new Managed Digital Risk Protection (DRP) service for external threat monitoring and remediation that prevents attacks earlier in the threat life cycle. This service allows customers to add extended visibility and response support across their internal and external attack surfaces to the leading managed detection and response (MDR) service, Managed Threat Complete. Managed DRP actively monitors the clear, deep, and dark web for early threat indicators, providing critical visibility into potential ransomware exposure and addressing areas of potential compromise. This move is set to change the game in managed security, enhancing experts' view into customers' environments and proactively uncovering the earliest stages of potential attacks.

Insights

Cybersecurity Analyst

With the introduction of Managed Digital Risk Protection (DRP) by Rapid7, businesses are provided with an essential layer of proactive security. By extending threat detection to the clear, deep and dark web, Rapid7 enhances its ability to identify and mitigate risks before they escalate into breaches. This preemptive approach is critical in today's landscape where cyber threats are increasingly sophisticated and can bypass traditional defenses.

The integration of Managed DRP into the Managed Threat Complete service offers a comprehensive solution that aligns with the trend towards unified security platforms. This convergence of attack surface management (ASM) and detection and response (D&R) services reflects an industry shift towards a more holistic view of security. Organizations are recognizing the importance of not just responding to incidents but actively seeking out potential threats across all layers of their digital presence.

From a business perspective, this service can potentially reduce the costs associated with data breaches, which can include regulatory fines, reputational damage and loss of customer trust. By offering early detection and response capabilities, Rapid7 is positioning itself as a more attractive option for enterprises looking to bolster their cybersecurity posture.

Financial Analyst

The announcement by Rapid7 of their new Managed DRP service could have a positive impact on their financial performance. By expanding their service offerings, Rapid7 is likely to increase its customer base and deepen engagement with existing clients. This could lead to a growth in recurring revenue streams, which are highly valued by investors for their predictability and potential for scalability.

Moreover, the cybersecurity market is expected to grow significantly in the coming years, driven by an increase in cyber attacks and the adoption of digital technologies. Rapid7's focus on innovation and comprehensive solutions positions the company favorably within this expanding market. Investors will be keen to monitor the adoption rate of the new service and its effect on the company's market share and competitive positioning.

However, it's important to consider the costs associated with the development and deployment of new services. Investors should evaluate how these costs will affect short-term profitability and whether the potential long-term gains justify the investment.

Risk Management Expert

The new service by Rapid7 addresses a critical aspect of risk management: the ability to detect and respond to threats across all vectors of an organization's digital presence. In the context of risk management, the Managed DRP service could significantly lower the probability of a successful cyber attack, thereby reducing potential operational disruptions and financial losses.

By providing visibility into the clear, deep and dark web, Rapid7 is offering a solution that aligns with the best practices in risk management, which advocate for a comprehensive understanding of the threat landscape. This could be particularly beneficial for companies with complex supply chains or those that handle sensitive customer data, as it provides a means to monitor for potential leaks or breaches beyond their immediate control.

The proactive nature of the service also helps in regulatory compliance, as many industries face stringent requirements for data protection and breach response. Companies utilizing Rapid7's Managed DRP can demonstrate a robust security posture, which may mitigate regulatory risks and associated penalties.

External threat monitoring and remediation managed by Rapid7 experts pinpoints and eliminates threats earlier in the threat life cycle

BOSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced a new Managed Digital Risk Protection (DRP) service for external threat monitoring and remediation that prevents attacks earlier in the threat life cycle. Customers can add this solution to Managed Threat Complete, Rapid7’s leading managed detection and response (MDR) service, for extended visibility and response support across their internal and external attack surfaces.

With Managed DRP, Rapid7 actively monitors the clear, deep, and dark web for early threat indicators, including credential and data leakage, phishing kits, fraud, and data exploitation. The Rapid7 team also monitors for customer data and files that may have been leaked in a previous attack against the customer, their supply chain, or one of their third parties. This provides critical visibility into potential ransomware exposure to quickly and thoroughly address areas of potential compromise.

“Rapid7 is changing the game in managed security,” said Jeremiah Dewey, senior vice president of managed services, Rapid7. “Bringing digital risk protection into Managed Threat Complete gives our experts a broadened view into customers’ environments, along with timely, relevant insights. We can therefore proactively uncover the earliest stages of a potential attack and terminate it before it might make an impact.”

Together, Managed DRP and Managed Threat Complete sit at the intersection of attack surface management (ASM) and detection and response (D&R) to provide 360-degree visibility across the attack surface, with the context and guidance teams need to confidently anticipate, pinpoint, and take action on threats from endpoint to the cloud.

To learn more about how Managed DRP and Managed Threat Complete give Rapid7 customers command of their attack surface, visit https://www.rapid7.com/solutions/managed-digital-risk-protection-services/.

About Rapid7
Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.

Rapid7 Media Relations
Stacey Holleran
Sr. Product & Research Communications Manager
press@rapid7.com
(857) 216-7804

Rapid7 Investor Contact
Elizabeth Chwalk
Sr. Director, Investor Relations
investors@rapid7.com
(617) 865-4277

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5181128f-fcf5-4796-8dbc-26b4fc52bee0

FAQ

What is the new service announced by Rapid7, Inc. (NASDAQ: RPD)?

Rapid7, Inc. (NASDAQ: RPD) has announced a new Managed Digital Risk Protection (DRP) service for external threat monitoring and remediation that prevents attacks earlier in the threat life cycle.

What does the Managed DRP service monitor?

The Managed DRP service actively monitors the clear, deep, and dark web for early threat indicators, including credential and data leakage, phishing kits, fraud, and data exploitation.

What is the intersection of Managed DRP and Managed Threat Complete?

Managed DRP and Managed Threat Complete sit at the intersection of attack surface management (ASM) and detection and response (D&R) to provide 360-degree visibility across the attack surface, with the context and guidance teams need to confidently anticipate, pinpoint, and take action on threats from endpoint to the cloud.