Rapid7 Managed Detection and Response Helps Enterprises Rapidly Identify and Mitigate the Impact of Threats
Rapid7 (NASDAQ: RPD) has announced a collaboration with Comcast Business to support the new Comcast Business Managed Detection and Response (MDR) solution. This initiative leverages Rapid7’s security analytics and expertise to help enterprises of all sizes manage cyber threats. The MDR service combines technology and human expertise for threat hunting, monitoring, and incident response, allowing rapid threat identification and response without additional staffing. Rapid7's platform includes Next-Generation Antivirus (NGAV) and Ransomware Prevention, aimed at stopping malware and ransomware attacks early to minimize impact. Jeremiah Dewey, SVP at Rapid7, highlighted the combination of a 24/7 Security Operations Center and advanced SecOps technology in delivering superior threat detection and prevention.
- Collaboration with Comcast Business enhances market reach.
- MDR solution supports enterprises of all sizes, expanding customer base.
- Rapid7's platform includes NGAV and Ransomware Prevention, adding value.
- Combination of 24/7 Security Operations Center and advanced SecOps technology.
- Plans to expand partner ecosystem, indicating growth potential.
- No specific financial data provided.
- Potential high costs associated with maintaining a 24/7 Security Operations Center.
Insights
Rapid7's collaboration with Comcast Business to introduce a new Managed Detection and Response (MDR) solution is an important development in the cybersecurity space. This strategic move is significant because it leverages Rapid7’s highly regarded security analytics platform. While MDR services are not new, the integration of Rapid7’s advanced SecOps technology and Comcast's extensive reach could deliver a powerful combination of threat detection and prevention capabilities. The solution is aimed at enterprises of all sizes, which means it has the potential to significantly expand Rapid7's market reach.
From a technology perspective, the inclusion of Next-Generation Antivirus (NGAV) and Ransomware Prevention is noteworthy. These features are designed to stop threats at the earliest stages, which can be important in minimizing damage and cost associated with cyber incidents. NGAV focuses on advanced threat detection techniques beyond traditional signature-based solutions, making it more effective in identifying zero-day threats and sophisticated malware.
In summary, this partnership can potentially enhance Rapid7’s competitive edge in the MDR market, offering robust cybersecurity defenses to a broad range of customers. However, the success of this initiative will largely depend on the seamless integration of Rapid7’s technology with Comcast’s services and the overall customer adoption rate.
The partnership between Rapid7 and Comcast Business is strategically designed to tap into a broader customer base, particularly small and medium-sized enterprises (SMEs) that may lack the resources for in-house cybersecurity solutions. Comcast’s vast customer network provides a substantial opportunity for Rapid7 to increase its footprint in the cybersecurity market.
It's also important to note that the global MDR market is projected to grow significantly in the coming years. According to industry reports, the MDR market size was valued at
This partnership could also lead to increased revenue streams for Rapid7, as the demand for MDR services continues to rise. The focus on high-growth areas like NGAV and Ransomware Prevention aligns with the growing need for proactive security measures. Additionally, by expanding its partner ecosystem, Rapid7 is positioned to leverage collaborations that could further enhance its market presence.
BOSTON, June 05, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD) today announced its collaboration with Comcast Business in support of the recently announced Comcast Business Managed Detection and Response (MDR) solution. The solution leverages Rapid7’s security analytics platform and expertise to help small, medium, and large enterprise customers better manage an ever-evolving and challenging cyber threat landscape.
Managed Detection and Response is a cybersecurity service that combines technology and human expertise to perform cyber threat hunting, monitoring, and incident response. One of the primary benefits of MDR is its ability to assist with rapidly identifying threats, detecting incidents, responding to and eliminating advanced threats early in the attack chain to keep organizations secure from endpoint to cloud without the need for additional staffing.
“The combination of a world-class 24/7 Security Operations Center and Rapid7's advanced SecOps technology platform and expertise will deliver superior threat detection and prevention to enterprises of all sizes," said Jeremiah Dewey, Senior Vice President, Managed Services & Product Delivery, Rapid7. "With this technology platform, we plan to expand our partner ecosystem.”
The Rapid7 MDR platform includes Next-Generation Antivirus (NGAV) and Ransomware Prevention, which stops malware and ransomware attacks at the earliest stages of the attack chain, minimizing impact to an alert, before it becomes an incident.
For more information about Rapid7, visit www.rapid7.com.
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 X.
Rapid7 Media Relations
Kelly Crummey
Corporate Communications
press@rapid7.com
(617) 921-8089
Rapid7 Investor Contact
Elizabeth Chwalk
Sr. Director, Investor Relations
investors@rapid7.com
(617) 865-4277
FAQ
What is the stock symbol for Rapid7?
What solution did Rapid7 announce collaboration on with Comcast Business?
What are the key components of Rapid7's MDR platform?
How does Rapid7’s MDR service benefit enterprises?
Who is the Senior Vice President of Managed Services & Product Delivery at Rapid7?
