CLEVELAND, Sept. 17, 2020 /PRNewswire-PRWeb/ -- Binary Defense, a leading managed security services provider, is pleased to announce that the company has been identified for the third year in a row as a Representative Vendor in the Gartner August 2020 Market Guide for Managed Detection and Response Services report (available to Gartner subscribers).
According to the Gartner Market Guide for Managed Detection and Response Services, "threat monitoring, detection and response (MDR) services provide customers with remotely delivered modern security operations center (SOC) capabilities to rapidly detect, analyze, investigate and actively respond to threats (e.g., container management or disruption). MDR service providers offer a turnkey experience, with many using a predefined technology stack cover endpoints, networks, cloud services, operational technology (OT)/Internet of Things (IoT) and other sources, to collect relevant logs, data and other telemetry (e.g., forensic data, contextual information)."
The report states, "MDR market growth and awareness continues. Gartner has observed a 44% growth in end users' inquiries during the past 12 months" and predicts that "by 2025, 50% of organizations will be using MDR services for threat monitoring, detection and response functions that offer threat containment capabilities."
Binary Defense Managed Detection & Response is a proprietary solution that can monitor an organization's endpoints (desktops, laptops, servers) and is able to track what's happening at a system level on each endpoint. Using a combination of data analytics and human expertise, the Binary Defense MDR platform can determine whether abnormal activities are occurring. If malicious activity is discovered, an alarm is generated. The expert analysts in the Binary Defense Security Operations Task Force act as an extension of their clients' teams and communicate in real time to customers to help them take action to protect their business.
"We're pleased to be recognized by Gartner as a Representative Vendor in the Market Guide for Managed Detection and Response Services," said David Kennedy, Binary Defense Chief Technology Officer and Co-Founder. "In an increasingly competitive market, we are happy to be recognized by Gartner among solutions for MDR. We offer our customers a comprehensive security suite that includes our MDR, SIEM services, Counterintelligence and Threat Hunting. This helps us differentiate among other vendors that may not have a robust security offering."
Recently named for the second year in a row to the Inc. 5000 list of fastest-growing private companies in the United States, Binary Defense has seen substantial market success with its proprietary MDR solution. "Businesses are realizing the need for MDR solutions. Ransomware attacks are increasing, and the usual tactics that cybercriminals use aren't slowing down, either. Binary Defense MDR can help businesses stay safe around the clock," said Kennedy.
Source: Gartner, Inc., Market Guide for Managed Detection and Response Solutions, by Toby Bussa, et al, August 26, 2020 (report available to Gartner subscribers).
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Binary Defense
Binary Defense is a managed security services provider and software developer with proprietary cybersecurity solutions that include SOC-as-a-Service, Managed Detection & Response, Security Information & Event Management, Counterintelligence and Threat Hunting. With their human-driven, technology-assisted approach, Binary Defense is able to provide their clients with immediate protection and visibility, combating and stopping the next generation of attacks that their business faces. The company is headquartered in Stow, Ohio at 600 Alpha Parkway.
SOURCE Binary Defense