Managed Security Services Providers (MSSPs) work full-time to shield businesses against cyberattacks

The number of cybersecurity risks is consistently growing over years. Companies are facing ransomware, malware, virus infections, or cyberattacks. More than successfully running an organisation, businesses are now focused on encrypting their solutions in a safe place to protect them from security breach. Companies have long been going after the idea of forming in-house cybersecurity teams that work full-time to shield the business from security breaches. However, the recent concept of adopting Managed Security Services is becoming mainstream.

Like many other streams, cybersecurity is also leveraging advanced facilities from technology. Cybersecurity providers are also working on enabling advanced artificial intelligence (AI)-led security services. At the time when companies are undergoing a massive scale of digital transformation, the need for a secure place to house all the business information turns mandatory. Cybercriminals attack all kind and size of organisations. The days when firewall and antivirus solutions were more than enough to protect against cyberattacks are long gone. Today, hackers are coming up with advanced techniques to dwell into business information. In fact, 2019 Data Breach Investigation Report published by Verizon shows that almost half of all breaches occurred at small organisations. Unfortunately, small companies are financially tight to afford an in-house security team. A handy solution that small, medium and large enterprises can take is to adopt Managed Security Services. Managed security services (MSS) is the effective and proactive cybersecurity solution capable of delivering the level of protection organisations need to defend themselves in a hostile threat landscape.

What is Managed Security Services (MSS)?

Managed Security Services (MSS) is the outsourcing of security services to a service provider that holds advanced expertise and tools and stay ahead with the newest trends in cybersecurity. Third-party providers offer managed security services for the oversight and administration of a company's security processes. Managed security service providers avail the service either in in-house or remotely through the cloud. Common services by MSSP include managed firewall, intrusion detection, virtual private network, vulnerability scanning and anti-viral services. As the MSSPs provide 24×7 services, companies relieve from employing operational security personnel and retain to maintain an acceptable security posture. Some managed security service providers specialise in certain areas while others offer full outsourcing of an enterprise's information security program.

Major benefits of having a managed security service provider

Lowers cost in many ways

Managed security services providers avail security as a whole package. The overall features provided by MSSPs stop the companies from spending money both on cybersecurity tools and staff. Remarkably, companies don't have to train the staff or ensure that the IT teams have up-to-date knowledge of cybersecurity and threats. MSSPs take care of all the loose ends in a company. Businesses don't have to worry about hiring extra staff for in-house security teams as MSSPs provide 24 hours a day, 7 days a week service. An MSSP spreads the fixed costs of investments in technology over a broad customer base. And as a customer, the company directly benefits from the service.

Access to leading technology and expertise

The big trouble that both big and small organisations face is to tackle the challenge of hiring experienced security professionals and use advanced technology to tackle cyber attacks. One of the most significant benefits of using MSSP is that the provider has access to leading technology and expertise. As MSSPs focus only on encrypting and retrieving companies from cyber threats, they employ the best professionals and use best-of-breed technology to help their customers handle a variety of threats.

Rapid incident response and event investigation

MSSPs leverage unmatched experience in handling enterprise security incidents through Incident Response and Event Investigation services. As MSSPs are active all the time, it can give quick hit backs to hackers who individually or as a group try to enter the private space of a company. It also recommends specific actions using digital forensics and their experience with literally thousands of hours handling every possible crisis.

Round the clock service

More than providing security services round the clock, MSSPs also use artificial intelligence to identify anomalies and if there are no anomalies in certain areas, that is also something to keep an eye on as per the Zero trust policies which service providers follow. Despite being on the heels to shield real-time security breach, MSSPs also take necessary precautions to avoid any unplanned disruptions.

Automatic detection and fixing of vulnerabilities

MSSPs take a lot of load off the company's head when it comes to detecting and fixing the vulnerabilities. An MSSP can structurally detect and reduce vulnerabilities in critical systems, proactively predict threats, especially, for targeted cyberattacks and automatically detect important offensive tactics and methods in threat situations. Besides, MSSPs also respond effectively and quickly, and reduce the likelihood of an attack succeeding and becoming an event that takes a lot of time to control.