EP070 - The Role of MDR and EDR in Today's Security Environment with Paul Barnes

In this episode, Daniel and Paul discuss important facets of the modern security landscape with a special focus on Managed Service Providers (MSPs). They explore how enterprise-level security services migrate to MSPs due to increasing adversarial threats. Paul, with over 20 years in the industry, delves into the evolution from antivirus to Endpoint Detection Response (EDR) and Managed Detection Response (MDR), emphasising their operation and costs. They further discuss the pressing importance of securing SaaS applications like Microsoft 365, driven by the shift to cloud computing during COVID. The episode highlights the continuous battle between good and evil in cybersecurity and the importance of MSPs adapting their services to these evolving threats. Paul also provides insights into the rapid development and market introduction of new security solutions, underscoring the need for continuous education and strategic adoption of new tools by MSPs. 00:00 Welcome and Introduction 00:03 Understanding the Security Landscape 00:35 Evolution of Security Services for MSPs 02:10 Explaining EDR and MDR 03:45 Challenges and Costs for MSPs 05:01 The Shift to Cloud Security 06:18 SOC and NOC: Roles and Responsibilities 14:43 Impact of COVID on Security 17:29 Developing Security Solutions at Pace 22:00 Commercial Strategies for MSPs 28:52 Conclusion and Final Thoughts Connect with Paul Barnes on LinkedIn by clicking here –  https://www.linkedin.com/in/paulwbarnes/ Connect with Daniel Welling on LinkedIn by clicking here – https://www.linkedin.com/in/daniel-welling-54659715/ Connect with Adam Morris on LinkedIn by clicking here – linkedin.com/in/adamcmorris Visit The MSP Finance Team website, simply click here – https://www.mspfinanceteam.com/   We created It's a Numbers Game Podcast to help MSP owners learn and understand how to build and maintain a financially healthy MSP business. In this podcast series, MSP business owners like you will learn the fundamental steps, the tips and tricks, the dos and don'ts to achieve MSP financial growth.  We look forward to catching up with you on the next one. Stay tuned!