Managed security service providers (MSSPs) are IT companies that perform a variety of security-related duties. MSSPs monitor IT compliance and overall network security against errors and malicious actors. Constant updates keep the system protected and ready to respond to any incidents. Similar applications are critical in ensuring network security. They also relieve the burden of the IT staff by providing tools and reports against cyber attacks.
Currently, most high-profile firms use MSSPs to safeguard their digital records and transactions. Some of the most famous MSSPs include Switchfast Technologies, McAfee Security Services, Cybriant, etc.
There are many benefits to using a managed security service provider in 2021; let’s have a quick look:
Get the best threat intelligence
Top MSSPs firms offer real-time threat intelligence tech against malware raids and other cybersecurity threats. Research and development (R&D) lab technicians from MSSP companies gather data from all over the world to stay ahead of threats. Their sole purpose is to secure your network. That’s why they’re investing millions of dollars annually in research, prevention, and countermeasures.
MSSP can save you a ton of money and stress by ensuring that no one can hold the company at ransom or enact other digital crimes.
Manage risk and compliance
A good MSSP firm will keep you up-to-date within regulatory environments. Currently, many industries are heavily regulated. It’s vital to monitor your compliance level around the following regulations:
- PCI DSS
A certified MSSP will extend its “Risk Management and Compliance” proficiency to your organization and protect your assets. These regulatory laws are constantly changing in combination with evolving security solutions. An MSSP will take a considerable burden off your back in making sure that you’re complying with existing market rules.
Better manage vulnerabilities
MSSPs will automatically scan your environment across all your network assets, databases, web apps, and more. Also, you’ll reduce your IT operations costs through MSSP’s automated vulnerability scans.
On top of constantly scanning for threats, MSSPs will help you configure patches, vulnerabilities, and policy compliances through intuitive dashboards. You’ll get detailed reports of your network status without false positives.
Obtain protection against advanced threats
Cyber attacks come in many forms and complexities. For instance, Advanced Persistent Threats (APTS), enhanced malware, and orchestrated cyber-attacks can severely destabilize a company. Having an MSSP means that you’ll be able to resist similar issues. Sophisticated security tech for an MSSP will help you identify, monitor, and combat advanced cyber attacks. All while keeping operational costs at a bare minimum.
Bootcamp your team into proficiency
Many companies will purchase MSSPs but will never profit from their full potential because they lack training. Popular MSSPs will come with various technical resources so that your team can efficiently learn and administer security defenses.
The staff must understand how to use an MSSP fully and what patches, settings, and policy changes can fulfill your company’s security objectives.
View SIEM and log insights
A private company creates a lot of security data across many locations. A comprehensive MSSP will allow you to analyze all the retrieved information from a singular perspective, giving you the complete picture of your network. A similar report makes it simpler to detect dangerous patterns and trends that can pose a risk to your organization.
Also called the Security Information and Event Management, the SIEM system will collect security-related files and present it on a separate report.
Rapid incident response and event investigation
Comprehensive MSSPs have a precise response and examination procedure that prevents further harm and helps prosecute the actors. Whether it’s a small firm or a vast corporation, the MSSP’s incident response is equally effective. After the threat’s identified and analyzed by digital forensics, the system will propose specific actions to resolve the situation.
Minimal cost and maximum efficiency
Using an MSSP will save you incredible amounts of money. You get to have your remote team of experts at a fraction of the cost.
To put it into perspective, creating your in-house security team amounts to millions of dollars:
- Vulnerability management costs between $50,000 and $100,000 yearly;
- Pen (penetration) testing costs between $70,000 and $100,000 annually;
- Security engineering costs around $100,000 per year;
- Audit and compliance will amount to around $100,000 yearly;
- Project management costs between $70,000 and $100,000 annually;
- General management costs between $100,000 and $150,000 per year.
The above list doesn’t include software licensing, benefits, building/facility costs, etc. A simple approximation will indicate well above $1 million per year. That’s why outsourcing to an MSSP venture is the best alternative: minimal investment, maximum return.
Using an MSSP in 2021 has many security, monetary, and managerial advantages. First of all, you’ll get the best bang for your buck by outsourcing your security needs to professional MSSPs. Next, you’ll get the most advanced threat intelligence on the market and the possibility of efficiently managing risk and compliance. An MSSP will let you safeguard your vulnerabilities and protect against bad actors and advanced threats. Finally, proficient MSSPs will have an integrated staff training program and provide you with comprehensive log insights.
Thomas Lanigan is an experienced writer and editor at Superior Papers. He’s been helping college students for more than five years. Also, Thomas is a digital marketing expert and a social media manager. Off work, he likes to kick back and relax with his family.