In this fast-paced digital world, businesses have little time to react to threats before they become significant issues. As a result, companies must remain vigilant and continuously monitor their security without draining resources. Managed security services are an effective strategy for businesses that need help monitoring and defending their networks without dedicating in-house staff to it daily. The global managed security services market is projected to reach $77.01 billion by 2030, indicating its significant value to organizations. This blog post will discuss managed security services, their value, and how to choose a provider.
Managed security services provide a complete solution for companies that don’t have the time or resources to manage their security. The managed security services provider (MSSP) is responsible for all aspects of security for the customer, including:
As discussed above, the managed security services model is a highly effective strategy for businesses that need help monitoring and defending their networks without draining in-house resources. Here are a few key benefits of managed security services:
IT security is a unique expertise area that requires continuous training and education. Unfortunately, for many organizations, experienced and dedicated staff for IT security are challenging to find. However, managed security services offer a range of security experts certified and well-versed in the latest threats and technologies to ensure your company is always secure.
Managed security services provide your organization with a team of seasoned security experts that you can retain at a fraction of the cost of training and certifying a security team in-house. In addition, acquiring a full stack of security technologies and solutions is a very costly endeavour. For example, vulnerability and configuration management can cost between $70-105K.
Moreover, when employees worry about security, they can’t focus on the core business. By using managed security services, you can free up staff members to focus on their core roles and responsibilities.
Round-the-clock SOC is essential to an organization’s cybersecurity and risk management. Cyberattacks can occur at any time, and the longer an attacker has access to an organization’s systems, the greater the cost and potential impacts on the organization. Therefore, MSSPs do not just respond to threats as they occur. Instead, with advanced 24/7 monitoring and threat intelligence, managed security services constantly hunt for malicious activities that might attack your network in the future.
Even with robust preventative measures, you can never rule out a successful attack. That’s why it’s critical to have a solid incident response strategy. Once a threat slips through the defences, it’s a race against the clock to contain and eliminate it to minimize damages to the business. Managed security services provide a wealth of knowledge and experience in handling threats and can act fast in the event of a cyber incident. Even a few seconds between threat detection and response could make all the difference in an attack’s severity.
One of the most significant advantages of managed security services is its flexibility in adapting to the ever-evolving needs of your business. In addition, companies can quickly scale up with an already trained and knowledgeable team that can handle the dynamic volume of business.
Many industries have consistently evolving security regulations or standards. In addition, security solutions and technologies are constantly changing, creating a challenging environment for an organization to succeed. A benefit of using managed security services is having risk management and compliance experts who can implement specific security controls and ensure the organization’s compliance with regulations like PCI, HIPAA, ISO or GDPR.
When you’re comparing managed security services, it’s essential to keep a close eye on the following factors:
A good MSSP should have certified security skills beyond regular day-to-day analysis. Ensure the expertise of the MSSP is compatible with your team and that they align with your business model.
Technology is continuously evolving, which makes setting a security budget challenging. The right MSSP will discuss and provide options for your security needs alongside your own workforce and explore what yearly planning looks like for your business to save money and improve efficiency.
You want to work with an MSSP that can provide access to the best technologies available. A credible MSSP will work with a diverse ecosystem of partners with technologies and services that can support existing systems or scale and accelerate your security maturity with new technologies.
Every SLA should include specific performance metrics, like incident response times. Metrics should be realistic, easy to quantify, and relevant to the client. Avoid MSPs that use boilerplate SLAs across the clients they serve. Every client is different; some have their own incident response capabilities, security analysts, security engineers, and so on and do not require SLAs in those areas. However, they may require SLAs in other areas due to differences in industry, federal or provincial compliance.
You want to ensure the MSSP you select is credible and has a good reputation. Look at factors such as how long they have been in the business, the team’s combined experience and expertise and most importantly, client reviews.
Cybersecurity threats continue to rise. The good news is that you can secure your business against these threats with the right MSSP. Managed security services are an excellent way for organizations that don’t have the in-house resources to better plan, monitor and secure their digital estate today and for the future.
The security landscape is complicated. More numerous and advanced threats, more nebulous and complex compliance requirements, more difficult and intricate infrastructure to secure.
For even the most adept IT, cybersecurity can be too difficult to manage without help. Our approach to assessing, implementing and managing your security architecture will ensure your organization is secure by design.
Our assessments go far beyond just a technical focus. We look at your people, processes and organizational goals to create a comprehensive understanding of current and future-state security risk posture.
We’ll help you better understand and make sense of the security landscape and work with you on crafting a vision that defines an ideal future-state for your security posture weighed against your business goals and objectives.
We’ll identify vulnerabilities, gaps and loopholes in your current security architecture and help you understand the measures you need to take to keep your business-critical assets protected.
We’ll provide a prioritized roadmap with actionable next steps that reflect and complement the strategic plan and business objectives of the organization. We’ll create a long-term strategic plan that helps you achieve your ideal future state, while also remaining agile to meet evolving threats and take advantage of emerging technologies.
Combining the strengths of Microsoft and Fortinet technologies, we’ll implement a zero trust security model that more effectively adapts to the complexity of the modern environment, embraces the hybrid workplace, and protects people, devices, apps, and data wherever they’re located.
Without a cybersecurity solution, businesses are often left coordinating and managing multiple, individual systems and therefore, reactively responding to security issues. Our managed security services proactively manage your cyber and network security, so you can focus on running your business.
More than 70 percent of IT breaches originate at an endpoint. Our managed endpoint services will help you:
Malware, viruses, and malicious users can take down a network fast. With state-of-the-art network security infrastructure and network monitoring, you can prevent threats from entering your network in the first place – reducing downtime and enabling greater productivity from your team.
With 24×7 network monitoring and multiple layers of security, we will help you prevent, detect and rapidly respond to evolving threats across your endpoints, network, cloud and more. There are several ways we can help ensure minimum risk:
We’ll monitor and act on vulnerabilities across all your digital platforms, including internet, applications, systems, cloud and hardware. We’ll identify weak points and determine the right course of action for prioritizing and remediating any threats.
Technology alone doesn’t provide your organization with foolproof protection from cyber-attacks and data breaches. Security Awareness Training helps educate and empower your team to avoid and detect common cyber threats consistently. Our Managed Security Awareness Training integrates baseline testing using mock attacks, engaging interactive web-based training, and continuous assessment through simulated phishing, vishing and smishing attacks to build a more resilient and secure organization.
We’ll proactively protect and monitor the security of your intellectual property and customer data. We’ll enable you to effectively respond to security incidents and realize the full benefits and return on your Microsoft 365 security investments.
Our Microsoft Security Managed Services will help you secure your endpoints and data while providing automated identification and hunting of security incidents.
Azure Sentinel: Daily monitoring and escalation of incidents, as well as weekly monitoring of overall service health including data collection and ingestion.
Defender for Endpoint: Daily monitoring of threat patterns and preventative activities as well as active monitoring and notification of automated threat investigations.
Microsoft Cloud App: Daily monitoring of alerts and responding as needed as well as weekly monitoring of service health and data ingestion, indicators of Shadow IT, and potential data leakage and risky user behaviours.
Get all the benefits of a SIEM solution without the challenges of securing capital investment. We’ll provide the security capabilities you need to ensure all your workloads are fully protected, compliant, and secure regardless of platform or location.
With our SOC 2, Type II Certification, we have gone the extra mile to demonstrate that we can meet the industry’s security, availability, integrity, confidentiality, and privacy standards. We are committed to achieving the highest compliance and security standards to protect our client’s sensitive data and ensure business continuity.