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Binary Defense Named a Strong Performer in Managed Detection and Response by Leading Independent Research Firm 

May 22, 2023

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The report recognized Binary Defense’s MDR solution with the highest possible scores in six criteria, including Time to Value, Threat Hunting, Managed Investigations and more.  

CLEVELAND, OH – Binary Defense, the leading Managed Detection and Response (“MDR”) and enterprise defense provider, was named a Strong Performer in the latest Forrester global evaluation of MDR providers. The report, “The Forrester Wave™: Managed Detection And Response, Q2 2023,” evaluated 13 top vendors across 23 different criteria, including threat hunting, threat intelligence, analyst experience, managed investigations and more.  

Binary Defense’s MDR solution received the highest scores possible in six criteria: Time to Value, Threat Hunting, Managed Investigations, Scripting Engine, Product Security, and Commercial Model. It was one of only two vendors to receive Forrester’s maximum score of 5 in the Managed Investigations criterion. 

“Binary Defense brings unsurpassed technical chops…” Forrester stated in the report. “Given that Dave Kennedy founded Binary Defense, it’s not surprising that the provider brings strong technical expertise to service delivery. … Binary Defense brings a solid set of capabilities to market today with rapid time to value, threat-hunting expertise, and a scripting engine built into its platform …” Forester also noted that, “Buyers that want a strong technical provider that is on a trajectory to become an enterprise partner should consider Binary Defense.” 

“Managed Detection and Response is critical for defending organizations from increasingly sophisticated and determined attackers, and as this report shows, there is a broad difference between the providers, so customers need to look for vendors with highly trained and experienced SOC teams and robust threat hunting operations that can consistently deliver strong results,” said Bob Meindl, Binary Defense Chief Executive Officer. “We are pleased that Forrester has recognized Binary Defense as a Strong Performer in the MDR market. We’ve built our reputation on people who are experienced and passionate about innovating enterprise security. We’ll continue to partner with our clients to be a true extension of their team and their enterprise defense partner.” 

According to Forrester, “MDR providers in this Forrester Wave™ maintain exceptionally high rates of customer satisfaction, retain existing customers at unprecedented levels, and have growth rates that any maturing companies – and startups – would envy.” The report further recommends that MDR customers should look for providers that “perform actual response without requiring automation,” “conduct threat hunts with clear success criteria across a wide range of data sources” and “expect data ingest but request data federation.”  

Binary Defense’s MDR solution provides several critical advantages, including an Open XDR strategy, advanced detection strategy, vast threat intelligence library, robust counterintelligence and threat hunting operations, collective defense and highly customized solutions based on customers’ individual security needs. Unlike most providers, which think like defenders, Binary Defense uses the attacker’s perspective to guide its security strategy, providing customers with cutting-edge early detection capabilities. The company’s SOC analysts, threat hunters and counterintelligence teams are comprised of experienced cybersecurity leaders, including former military and intelligence agency security professionals with over 100 years of combined cybersecurity experience. 

Binary Defense’s MDR solution has been recognized in several analyst reports, including a Notable Vendor in Forrester’s The Managed Detection and Response Landscape, Q1 2023 report; and a five time Representative Vendor in the Gartner Market Guide for Managed Detection and Response Services report (2019-2023).  

Visit BinaryDefense.com/Forrester-Wave to learn more. 

About Binary Defense

Binary Defense is a trusted leader in security operations, supporting companies of all sizes to proactively monitor, detect and respond to cyberattacks. The company offers a personalized Open XDR approach to Managed Detection and Response, advanced Threat Hunting, Digital Risk Protection, Phishing Response, and Incident Response services, helping customers mature their security program efficiently and effectively based on their unique risks and business needs.

With a world-class 24/7 SOC, deep domain expertise in cyber, and sophisticated technology, hundreds of companies across every industry have entrusted Binary Defense to protect their business. Binary Defense gives companies actionable insights within minutes not hours, the confidence in their program to be resilient to ever-changing threats, and the time back that matters most to their business. Binary Defense is also the Trusted Cybersecurity Partner of the Cleveland Browns and partners with PGA TOUR players. For more information, visit our website, check out our blog, or follow us on LinkedIn.