Varonis Introduces MDDR: Industry’s First Managed Data Detection and Response Offering
- Varonis Managed Data Detection and Response (MDDR) is the industry's first managed service dedicated to stopping threats at the data level.
- MDDR offers a 30-minute response for ransomware attacks and a 120-minute response for all other alerts, along with proactive threat hunting and monthly security assessments.
- The service is powered by Varonis' proprietary data insights and an AI analysis engine that automates investigations.
- MDDR is delivered on top of Varonis's cloud-native Data Security Platform and is available today.
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Insights
The introduction of Varonis Managed Data Detection and Response (MDDR) represents a significant advancement in the cybersecurity space, particularly in the realm of data-centric threat mitigation. This service is poised to address a critical gap in the market where traditional Managed Detection and Response (MDR) services may fall short, specifically in their focus on endpoints and network perimeters rather than the data itself.
From a cybersecurity perspective, the shift towards protecting data at its core is a strategic move. Data breaches can have severe financial implications for businesses, including regulatory fines, loss of customer trust and intellectual property theft. By offering a service that promises a rapid response time—30 minutes for ransomware attacks and 120 minutes for other alerts—Varonis is setting a new industry benchmark that may compel competitors to reevaluate their service level agreements (SLAs).
Moreover, the integration of AI-driven investigations and the promise of immediate deployment highlights the increasing reliance on automation and machine learning within cybersecurity. These technologies can enhance the efficiency and effectiveness of threat detection and response, potentially reducing the time it takes to identify and mitigate security incidents.
The launch of MDDR by Varonis Systems, Inc. could have notable implications for the company's financial performance. By filling a niche in the cybersecurity services market, Varonis may see an uptick in demand for its new offering. This demand could translate into increased revenue streams and possibly provide a competitive edge that may be reflected in the company's stock valuation.
Investors should monitor the adoption rate of MDDR among Varonis's customer base, as this will serve as an indicator of the service's market traction. Additionally, the operational costs associated with maintaining a global team of experts and the investment in AI technology will be key factors in determining the long-term profitability of this service line.
It is also worth noting that the cybersecurity market is highly competitive and rapid innovation is crucial. Varonis's ability to pioneer and continually enhance its services, as evidenced by its history of innovation since 2013, may be a positive signal to investors regarding the company's potential for growth and sustainability in a fast-evolving industry.
Varonis's approach to data security with its MDDR service underscores the growing recognition of the importance of data as a critical asset. Traditional security measures have often focused on perimeter defense, but as threat actors become more sophisticated, the protection of the data itself is paramount.
The use of advanced user and entity behavior analysis (UEBA) and AI-driven automation in MDDR suggests a proactive and dynamic security posture. By continuously monitoring and analyzing user behavior and entity interactions, Varonis can identify anomalies that may indicate a security threat, thereby enabling quicker response times and potentially preventing data exfiltration.
The emphasis on seamless integration and minimal disruption to existing operations is an important consideration for businesses. It addresses a common concern about the complexity of implementing new security measures, which can be a barrier to adoption. By offering a turnkey solution, Varonis may increase the likelihood that organizations will enhance their data security measures, which is crucial in an era where data breaches are both common and costly.
Data security leader unveils new 24x7x365 threat detection and response service built to stop data breaches
NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today introduced Varonis Managed Data Detection and Response (MDDR), the industry’s first managed service dedicated to stopping threats at the data level.
Unlike traditional MDR services that are endpoint- and network-centric, MDDR focuses on threats to data. The offering combines Varonis’ award-winning threat detection technology and automation with a global team of elite threat hunters, forensics analysts, and incident responders who investigate and respond to threats 24x7x365.
“Organizations pay millions of dollars for threat detection products and services, yet when an incident occurs, they struggle to answer the most important question, ‘Was any data stolen?’” said Matt Radolec, Varonis VP of Incident Response and Cloud Operations. “Varonis brings threat detection and response closer to the target — closer to the data. MDDR gives customers the business outcome they want without the complexity and cost of building their own 24x7 operation.”
Varonis pioneered real-time data detection and response (DDR) in 2013, added advanced user and entity behavior analysis (UEBA) in 2016, and formed its incident response (IR) organization in 2018. Since its inception, Varonis IR has investigated over 10,000 incidents. MDDR enhances the overall customer value and fills a major void in the managed cybersecurity services market.
When threat actors bypass endpoint and perimeter defenses, Varonis is an organization’s last and only line of defense. MDDR gives customers added assurance that their data is monitored around the clock:
- An industry-best SLA. MDDR offers a 30-minute response for ransomware attacks and a 120-minute response for all other alerts. The service also includes proactive threat hunting and monthly security assessments to ensure your data security posture is always improving.
- AI-driven investigations. MDDR is powered by Varonis’ proprietary data insights and an AI analysis engine that automates investigations. Critical alerts are sent to Varonis’ expert team for further investigation and mitigation.
- Immediate time-to-value. Up and running in hours, not days or weeks, MDDR is a turnkey solution that solves the challenge of protecting sensitive data automatically. We’ll seamlessly integrate with your team and escalate incidents only when needed.
The new service is delivered on top of Varonis's cloud-native Data Security Platform and is available today. For more information, please visit www.varonis.com/mddr
Additional Resources
- Read all about Varonis MDDR.
- See Varonis in action: schedule a 30-minute demo.
- Check out these Varonis integrations.
- For more information on Varonis' solution portfolio, please visit www.varonis.com.
- Visit our blog and join the conversation on X (Twitter), LinkedIn, and YouTube.
About Varonis
Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.
Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.
Varonis protects data first, not last. Learn more at www.varonis.com.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com
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