Being a fruitful MSSP can be a battleground with undeniably difficult cyber threats. So, understanding the client’s infrastructure has become crucial for MSSP and it will give long-term benefits to your clients to run their business operations smoothly knowing it is supported by you their trusted advisor.
Businesses are actively looking for managed security services providers (MSSP) instead of investing in a lengthy process of recruitment, training investment, and tracking down an answer for the issue of staff maintenance.
MSSP can be an expansion of your current core competencies. This allows you to implement advanced methods to improve your client’s cybersecurity posture, work efficiency, and accuracy in data protection. Take a look at this article on the Importance of a Comprehensive Cybersecurity Review.
Data Accuracy
You need to be sure that customers are always receiving accurate results and it is the only key to helping clients’ IT teams work in a proficient way.
Being a Managed Security Services Provider (MSSP), make sure you provide forthright False-positive rates along with your research on their IT landscape. As being an outcome-driven service provider, deploying the best technologies and solutions which distinctly show the information that you are receiving can help to find potential threats on an ongoing basis.
Due to the SOC experts’ lack of insights on issues, there has been a large number of events where vulnerabilities have been counted as false negatives. This places a great load on IT departments reducing their time to act on true treats.
Trained Personnel
Before announcing yourself as a cybersecurity expert, it is not worth it until you have trained personnel who know what they are doing and how they are handling it. There are cases in the market where SOC centers hire employees with minimal field knowledge in setting up, deploying, and managing a system at the live scene. This could damage clients’ reputation due to sudden cyberattacks and they might have to face long-term losses.
Relying on tools only can pose several issues. Managed SOC centers must be equipped with advanced tools under the guidance of cybersecurity experts. Sometimes, SOC staff are not armed with skill sets and experience as the determined hacker has in his/her arsenal. In one of the blogs of Sattrix Information Security, their experts mentioned the key principles of Managed SOC center are – setting up a guarded perimeter around your IT landscape, deploying customized and ML-based Threat Intelligence system, up-to-date security, data confidentiality and protect privacy.
Moreover, the SOC team is at the forefront of any organization. Therefore, the retention ratio of staff should be less to run the tasks smoothly. This team is the first and last line of defense against malicious actors on daily basis.
Read More: How to Pick the Best Managed Security Services Provider (MSSP)?
Sattrix offers Managed Security Services (MSS) to scale up your existing security levels and comprehend best solutions that are available in the market.
With Sattrix’s MSS, you can outsource your cyber-security infrastructure for monitoring and management.Read more : Sattrix's MSS: How is it Different?
A network security audit is the process that many managed security providers (MSSPs) offer to their customers.
In this process, in this procedure, the MSSP researches the client’s cybersecurity strategies and the advantages of the system to recognize any inadequacies that put the client in danger of a security break.
Although the specific network security audit method may change from one MSSP to the next, a few basic steps include: Visit: https://activict.wordpress.com/2020/07/29/network-security-audit-and-its-importance-in-organizations/
To prevent such costs and distractions, these companies hire managed security service provider (MSSP) which reflects in the growth prospects emerging in the managed security services market, and the market size was evaluated at $23.68 billion in 2018.
As per the IndustryARC analysts, the opportunities in the sector are projected to increase at a remarkable compound annual growth rate (CAGR) of 15.28% through the forecast period of 2019 to 2025, according to the market analysis that is compiled in a recent business intelligence report published by IndustryARC.The report is titled “Managed Security Services Market: By Components; By Technology; By Applications; By Functional area; By Trends & by Geography – Forecast (2019-2025).” The report incorporates an in-depth assessment of market, competitive landscape, financial analysis, trends, and geographical distributions.
This report covers managed security services market Size by components and technology, managed security services market share by top 5 companies and also the market share by start-ups during the forecast period.View Full Table of Contents of Managed Security Services Market:https://www.industryarc.com/Report/16318/managed-security-services-market.htmlReport Price (Single User): US $3850Global Managed Security Services Market: Leading SegmentsBy application, the banking, financial services, and insurance (BFSI) industry are growing as the most rewarding application of the managed security services market.
With increasing cyber threats in the banking sector, the on par innovative advancement in the technology is energetically resourcing the preventive action in the form of managed security services.North America grabbed the largest managed security services market share in 2018.
The region was responsible to grab 34.56% of the total market share.
This hefty share can be supported by the fact that North America homes a large number of companies offering managed security services (MSS).
This ever-growing complexity of threat landscape is compelling leading organizations to outsource the massive task of efficiently ensuring their enterprise security to Managed Security Services Providers (MSSPs).From 24x7 coverage, access to skilled professionals and advanced tools and intelligence to reduced cost on account of decreased in-house security operations, MSSP model brings in many game changing advantages for organizations.
On similar lines, Allied Market Research forecasts global MSS market to reach USD 40.97 billion by 2022.With cyber threats rapidly evolving in nature, MSS space is also witnessing inclusion of advanced technologies and techniques to stay ahead of potential attacks.
Automation will be majorly used for identifying and responding to the volume of attacks even as it helps in filtering out false positives to support security analysts.
This will help analysts to focus just on relevant data and alerts instead of deluge of threat and security data from tools, such as SIEM.
A key reason why organizations will prefer providers using security orchestration and automation is it will improve customer experience in terms of visibility by providing and improving metrics, such as mean time to detect, response time and number of incidents resolved, etc.Gaining additional visibility and using behaviour-based detection: With data assets spending a lot of time in transit, attack surface widening, and threats getting more sophisticated, more and more organizations are realizing the need to improve the visibility into their environments.
In 2020, expect more thrust on proactive security techniques, such as analytics and behaviour-based detection to predict, detect and prevent breaches, fraud and insider threats before any damage.
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MSSPs know that the protection provided by even their most powerful and comprehensive security solutions can be quickly undermined by careless or negligent behavior of their clients.
In fact, the number of people who have been let go, purely based on adherence to security guidelines has been growing rapidly.
As regulatory requirements relating to data security issues become increasingly rigorous and complex, MSSPs are expected to leverage their expertise and guidance by developing practices that help ensure their clients’ compliance.
While organizations may resent the bureaucratic red tape and time-consuming tasks that are often needed to satisfy governmental and industry regulations, MSSPs can allay that resentment by showing their clients how conforming to security-related regulatory requirements can result in significantly improved protection for their organizations.
The U.S. cybersecurity regulations for seven different industry sectors:
Financial: The financial sector has several cybersecurity requirements set by federal and state regulators.
