Last updated on January 6th, 2023
What does your cybersecurity strategy look like? If you don’t have a dedicated security service, it’s severely lacking.
The security landscape is evolving, with new technologies and deadlier threats cropping up every time you look away. Amid this ecosystem, the emergence of managed security services has been a great boon.
What Are Managed Security Services?
Managed security services are the complete implementation, oversight, and administration of a company’s cybersecurity process. These services are outsourced to third-party providers, who operate over the cloud. Managed security service providers (MSSPs) offer 24/7 dedicated support and monitoring of a company’s systems and devices.
Why Do You Need Managed Security Services?
In 2022, you cannot overstate the need for advanced cybersecurity. The latest McAfee report estimated that the global cost of cybercrime reached $1 trillion by 2020. That’s a staggering amount. With the pandemic and the subsequent rise in remote working and BYOD policies, the vulnerability to malicious cyber-attacks has increased.
Small and medium businesses face an avalanche of complex threats such as Advanced Persistent Threats (ATPs), malware, ransomware, and phishing attacks, to name a few. MSSPs provide a comprehensive security solution that covers all sorts of threats.
Managed security services bring numerous benefits to the table.
1. Security Expertise & Intelligence
Managed security services provide a degree of expertise that is difficult to match for an in-house security team. Cybersecurity as a field is ever-evolving. MSSPs retain expert professionals and use technologies and processes to provide complete, multi-layered security.
Highly qualified MSSPs do not just respond to threats when they occur. They pursue deep research on advanced threats and build a network for threat intelligence. MSSPs complement internal IT teams with this advanced knowledge and a team of dedicated experts.
2. 24/7 Monitoring and Threat Detection
Real-time threat detection and monitoring by a Security Operations Center (SOC) enhances your organization’s cybersecurity. Attacks can happen at any time. The longer it takes to detect an attack, the greater the level of damage. In that case, 24/7 monitoring is essential.
24/7 monitoring is not enough by itself. MSSPs have the ability to respond to threats accurately and instantly. In the event of a breach, remediation plans are instantly deployed. They immediately take measures to control the damage and minimize any losses.
3. Cost Efficiency
A cybersecurity system comprises several expensive components. Hiring and training highly skilled individuals to make up the security team is one expense. Additionally, maintaining and updating technological tools and acquiring several licenses are also costly endeavors. Running a security operations center in-house is almost impossible for most small and medium-sized businesses.
A third-party MSSP is a cost-efficient alternative to an expensive in-house cybersecurity system. Most MSSPs work on a multitenancy model, which means they support several clients on a single infrastructure. The clients are serviced in isolation and receive privacy. In return, the MSSP can distribute costs among several clients and provide an affordable service.
MSSPs provide enhanced security solutions at a fraction of the cost of an in-house team.
4. Proactive Threat Hunting
With managed security services, you get to go beyond just responding to threats as and when they occur. With 24/7 monitoring and threat intelligence, the service constantly hunts for any malicious presence that might attack your network in the future.
MSSPs conduct advanced monitoring and analysis. They investigate any attempted breach and are powered by artificial intelligence to predict threats.
5. Automated Compliance
Industries are heavily regulated, with stringent rules on data collection and protection. It can be time-consuming and complex for organizations to generate compliance reports. Regulatory compliance gets updated constantly, and security solutions are also evolving technologies. It gets challenging to keep both these dynamic areas aligned with each other.
Managed security services provide regular monitoring for compliance, such as HIPAA, PCI DSS, GDPR, and CCPA, to name a few. Incident reports that demonstrate compliance are automatically generated during audits.
6. Vulnerability and Risk Assessment
A successful security protocol is incomplete without regular vulnerability assessments. A benefit of managed security services is that your network goes through regular internal and external scans. The provider conducts configuration changes and hardens patches on all assets, devices, and applications based on these scans.
Such risk and vulnerability assessments are accessible through a dashboard or easy-to-understand reports. The expert assessments provide actionable results to improve cybersecurity and eliminate false positives.
MSS (Managed Security Services) – The Smart and Secure Way Forward
Managed security services provide multi-layered security for your network in a highly cost-efficient model. When an expert team proficiently manages your cybersecurity tasks, it frees up your in-house IT team. They can concentrate on strategic functions while the security providers take care of day-to-day monitoring.
Explore more about how ACE’s managed security services protect your enterprise from new-age threats. With 24/7 monitoring, instant support, and the latest security tools, you won’t have to worry about cyber threats anymore.
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