When it comes to endpoint security, CISOs are deeply concerned. Most assume that their endpoints will be compromised at some point, and they are probably right. According to a recent Forrester study, 74% of organizations indicated that they have suffered a business-impacting cyberattack attributed to remote work vulnerabilities.1 They know that traditional antivirus (AV) solutions are insufficient to secure endpoints and that they need more advanced protection. In fact, since people started working from home, breaches have intensified, now costing on average $1.07M more than before the pandemic, which is nearly a 10% increase.
While first-generation endpoint detection and response (EDR) solutions improved endpoint security by offering detection and response capabilities, they also incurred hidden costs. Their inadequate response times expose organizations to risk from ransomware and other fast-acting threats.
Also, security staff struggle to triage a flood of alerts, which increases workplace stress and misclassification of threats. And manual remediation tasks such as wipe-and-reimage overwhelm IT staff and lead to production downtime. There is little doubt that current EDR solutions lack the speed and automation that CISOs need.
As endpoint threats have advanced in sophistication and virulence over the past few years, CISOs realize that traditional endpoint protection platforms (EPPs) that focused on prevention are no longer enough to protect their endpoints. Prevention can never be 100% effective—advanced threats will always evade prevention-based security. When they do, threats are far harder to detect. One study found that organizations take an average of 212 days to identify a breach after the threat has penetrated the network.4 In many cases, threats are only detected after the loss of significant amounts of data.
In addition, attackers continue to develop more sophisticated ways to defeat endpoint security. Cyber criminals have stealthier ways to deliver malware such as ransomware via a fileless attack, which can bring the organization’s operations to a halt in less than a minute. For example, “living off the land” attacks use legitimate applications to fool AV solutions and infect computers.
Once advanced threats evade endpoint security, they cause significant damage such as costly and embarrassing data theft, industrial espionage, outages affecting production lines and knowledge workers, and exorbitant ransom demands.
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The Hidden Costs of Endpoint Security