How Managed Cybersecurity Services Work?

With technology growing at a fast pace, cyber-attacks are growing in frequency, complexity, and severity - posing serious threats to businesses. It’s never been more important to protect data, applications, and software from malicious factors. For that reason, companies must have proper security practices in place to successfully protect their data networks. However, building or improving an existing cybersecurity infrastructure can be a massive undertaking. That’s why more organizations are turning to Managed Cybersecurity Services Providers (MSSP) to get advanced cybersecurity without breaking the bank.

Find out everything you need to know about managed cybersecurity services, how it work, and why your business should outsource its cybersecurity to an MSSP.

What Exactly Is Managed Security Services?

Managed cybersecurity services include third-party professional monitoring and managing services aimed at protecting your data networks, hardware, and other security processes. An MSS provider offers a range of services including setting up infrastructure, offering security management, and incident response while ensuring your business operations run efficiently. They monitor your company’s security devices and systems 24/7 and act instantly when they detect an anomaly in the system.

They offer the following services:

• Device Monitoring & Management
• Detect Intrusion Attempts
• Vulnerability Management
• Threat Response & Management
• Consultancy Services

Working Models Of Managed Security Services

There are two models of managed cybersecurity services:

1. Fully Managed Cybersecurity Services

In a fully managed cybersecurity services model, the provider owns all the technologies and they monitor an organization’s system and devices to ensure your data is secured. They work as third-party professionals who have their own infrastructure and most of them work remotely. If you’re a small business or lack enough budget to manage internal cybersecurity resources, this model is a perfect fit for your business.

2. Co-Managed Security Services

This model is beneficial when your organizations own security technologies but lack the technical resources to manage these solutions according to your needs. The Managed Cybersecurity Service providers can partner with you to educate and train your team about the tool’s features and how to set up configuration. Moreover, the Co-MSP can also offload your security staff and manage the intense job of monitoring and managing your systems during non-business hours. Therefore, MSP provides 24x7x365 coverage and a business can rely on them whenever required.

Why Do Organizations Consider Managed Cybersecurity Services?

There are a number of reasons why organizations choose to work with MSSPs. Often this decision is driven by a lack of financial investment. Cybersecurity is expensive and setting up advanced security infrastructures requires a huge budget - a hard decision, particularly for startups and small-medium businesses.

Apart from financial investment, you may also need in-house security talent and expertise for certain areas - considering there’s a shortage of highly skilled cybersecurity personnel, it will be a challenge for businesses to find the right people. Moreover, the need for a security team that will manage security outside normal business hours will also put a burden on the finances.

That’s why more and more businesses are considering partnering with MSPs for cybersecurity and safety programs because they are budget-friendly and have priceless expertise.

How does MSSP Protect Your Business?

1. Penetration Testing

Penetrating testing is performed to detect loopholes in the devices and systems and analyze which security upgrades are required. This process can be one type or ongoing - depending on the complexity of business networks or the scope of tests.

Companies that need cybersecurity give a list of the networks and systems that will be tested. MSP firms that perform these tests and assessments can, by no means, go beyond the list provided by the client. They identify the at-risk systems and magnitude of threats looming and inform their clients what measures are required to shore up the defenses.

2. Threat Monitoring & Management

The current cyber landscape requires continuous monitoring and management of threats. MSPs collect the security data and use this to identify correlations in different security breaches, check network activity, and identify unusual endpoint activity and indicators of compromise - ultimately identifying the source of malicious activities.

An MSSP will provide a team of experienced cybersecurity professionals that use tools, software, and other security practices to ensure all the systems are protected. They set up a monitoring system that works 24x7 and notifies you instantly when someone tries to breach your data networks.

3. Security Intelligence

If your organization needs a full-time cybersecurity staff to threat intelligence, a fully Managed Cybersecurity Services Provider is beneficial. An MSSP provides threat intelligence to enable advanced security technologies and 24*7 system monitoring to an organization.

The benefit of getting threat intelligence from an MSSP is that they work with a wide clientele and their security specialists have extensive knowledge about various types of cyber threat impacts impacting businesses. Moreover, with a full array of security technologies, an MSSP will provide your organization with an advantage against new vulnerabilities, ransomware, and zero-day threats.

4. Incident Response

A Managed Cybersecurity Service Provider will create a security alert and work on remediating the cyber attack that occurred. Outsourcing incident response to an MSP will accelerate managing the consequences of cyber incidents that may otherwise require days or even weeks to fix. A small attack may take an average of 228 days, so your important business operations may remain completely crippled.

If you don’t have an MSP on board, it might take you a lot of time to find the entry point and patch the software. The third tier of a professional cybersecurity team can contain cyber attacks, minimize the impact and duration of a security event, and investigate other aspects of the security breach to prevent it from happening again.

If you want to protect your organization against cyber attacks, you might consider co-managed or fully-managed cybersecurity services to outsource the stressful workload to a professional third tier.

Do You Provide Managed Cybersecurity Services?

Are you a cybersecurity services provider? Wondering how to find cybersecurity clients who might want to outsource their cybersecurity tasks to you? Join Execweb today! It’s a CISO executive network that will provide you access to hundreds of Fortune 500 CISOs, CIOs, and other security practitioners. You can present your security solutions, and get feedback and referrals from CISOs.