[iThome Article Sharing] Latest Sophos Research: MDR Service Can Reduce Internet Insurance Claims by 97.5%
An independent study commissioned by Sophos assessed the financial impact of various cybersecurity defenses on cyber insurance claims, as well as the return on investment (ROI) of cybersecurity products and services. The results showed that in the United States, companies using managed detection and response (MDR) services had 97.5% lower cyber insurance claims than those relying solely on endpoint protection.
Key findings of the study:
- MDR services significantly reduced claim amounts: Companies using MDR services had 97.5% fewer claims than those relying solely on endpoint protection ($75,000 vs. $3 million).
- EDR/XDR solutions also reduced claim amounts: Companies using EDR/XDR had only one-sixth the claim amounts of those relying solely on endpoint protection ($500,000 vs. $3 million).
- Claims from companies using MDR services were the most predictable, while claims from companies using EDR/XDR tools were more volatile.
- MDR services accelerated recovery after cyberattacks: Nearly half (47%) of companies using MDR services were fully recovered within a week, compared to only 18% of companies relying solely on endpoint protection and 27% of companies using EDR/XDR solutions.
- Recovery time from ransomware attacks using MDR services was the most predictable, while recovery time for companies using EDR/XDR tools was more variable.
With increasing cyber threats and rising insurance costs, this study quantifies the actual financial impact of cybersecurity investments, providing data-driven insights for businesses and insurance companies to optimize their cyber defense strategies. The findings show that MDR (Maintenance, Demand, and Recovery) services are the most effective way to reduce claims costs, mitigate risk, and accelerate recovery.
Original link: https://www.ithome.com.tw/pr/167696
