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Field Effect Reports 85% Growth in MSP Bookings for 2024

Field Effect, a prominent player in the realm of cybersecurity solutions, has recently announced a remarkable 85% rise in bookings from Managed Service Providers (MSPs) for the year 2024. This significant growth is attributed primarily to the company’s latest strategic innovations, particularly in its Managed Detection and Response (MDR) offerings.

Enhancements in MDR Offerings

In the fall of 2024, Field Effect launched MDR Core, a scalable addition to its flagship MDR Complete service. While the MDR Core targets businesses with less complex IT infrastructures by providing essential cloud monitoring and endpoint detection, the MDR Complete solution caters to larger enterprises requiring extensive risk management across various endpoints, networks, and services.

Matt Holland, the CEO and founder of Field Effect, noted, "These innovative steps showcase our commitment to equipping MSPs with flexible and effective cybersecurity solutions that are both affordable and easy to manage. By advancing our MDR services and bolstering risk management functionalities, we have empowered our partners to deliver exemplary security services that cater to the distinctive needs of their clients. Our partners’ satisfaction is a testament to our approach, and we are committed to fostering these relationships further."

New Features to Mitigate Risks

In a move to strengthen risk management for MSPs and their clients, Field Effect introduced tools like the Field Effect Risk Score and Dark Web Monitoring. The Risk Score offers constant evaluations of an organization’s security standing, uncovering vulnerabilities while providing actionable insights for threat mitigation. Concurrently, the Dark Web Monitoring feature actively scans over 1,000 dark web sites, providing options for daily or monthly checks to find exposures of sensitive data like financial information and credentials. Such resources enable MSPs to tackle potential risks promptly and significantly lower the chances of cyberattacks.

Rapid Detection Capabilities

Field Effect also demonstrated the strength of its proprietary endpoint agent, capable of thwarting attacks at their nascent stages. The company engaged in the MITRE Engenuity ATTCK® Evaluations for Managed Services (Round 2), revealing an impressive mean detection time of just 11 minutes—second only to CrowdStrike, and considerably faster than competitors such as SentinelOne, Trend Micro, and Sophos. This capability is critical in ensuring that security incidents are swiftly recognized and resolved, minimizing disruption for client operations.

Matt Holland further commented, "Our distinct advantage lies in our attentiveness to partner feedback. Many of our strategic adjustments this year have stemmed directly from insights shared by our partners, giving us clarity on how we can improve their operational efficiency and success. The recent launch of MDR Core, along with enhanced risk management tools, illustrates this collaboration in action."

The strong growth signals a broader acknowledgment of Field Effect's innovative methodologies within the cybersecurity domain. As the landscape of cyber threats evolves, Field Effect remains dedicated to providing MSPs and their clients with the necessary tools and support to effectively shield businesses, regardless of their size.

About Field Effect

Field Effect is committed to ensuring powerful defenses against cyber threats for all businesses. Their cybersecurity solutions are meticulously crafted to prevent, detect, and respond to threats across various client scales. The company’s approach simplifies complex security challenges, allowing users of different technical backgrounds to confidently navigate cybersecurity and avoid disruptions.

In a world where cyber threats are ever-present, Field Effect’s innovations reflect an adaptive strategy driving significant success in the MSP space.