13 Feb / 2023
MDR has long been hailed as a proactive alternative to Security Information and Event Management (SIEM) software. But, with such variety available, choosing a provider can be an enormous task. To narrow down your options, the easiest place to start is looking at your budget.
Each MDR service provider prices differently, but most fall into 1 of the 5 models mentioned below. The benefits of each model vary considerably, so choose the one that will provide the best value for your business and your specific cybersecurity requirements.
To guide you in making an informed decision, here is an in-depth guide to getting the most value out of your MDR service and choosing the most suitable pricing model for you.
1. Consumption-Based Model
Providers following the consumption-based pricing model charge based on the amount of data or traffic your organisation needs monitored. This is ideal for cloud-based businesses that work with large quantities of data.
2. Project-Based Model
MDR services priced using the project-based model cost a flat fee that is agreed upon upfront. This is typically only part of your security, not a strategy in itself. This is best used for individual projects such as a security audit or incident response.
3. Performance-Based Model
With a performance-based model, you pay based on the level of protection you receive. In this pricing model, you can choose to cover only certain aspects of your environment (for example a number of endpoints) or specific regions of your environment (i.e. remote branches). This is ideal for businesses in high-risk industries or with very specific compliance requirements that only need coverage across certain areas.
4. Subscription-based model
Subscription-based models set pricing per endpoint, per month. An endpoint is usually a laptop or user but could also be another type of workstation or even a server. These are ideal for businesses that need a comprehensive, cost-effective solution.
5. Hybrid Model
As the name suggests, any pricing structure that uses a combination of the above can be considered hybrid. The advantages and disadvantages vary considerably between providers, and you can use this guide to work out a hybrid plan that suits your business.
If you are looking for an effective, comprehensive MDR service, partner with a provider that offers a subscription-based pricing model. A partner like Cythera provides customers with flexible commercial options and fixed pricing per endpoint.
Pay your subscription per month and choose from a range of coverage and design options. Cythera always includes virtually unlimited log ingestion, so your price won’t spike just because business does.
Don't wait until it's too late. Protect your business with Cythera's premium Managed Detection & Response service, book in a no-obligation discovery session with our lead cybersecurity expert today.
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