Managed security services are becoming increasingly popular as a way for organizations to spend their cyber security budgets. A growing threat landscape needs highly trained knowledge and skills, but there is a huge discrepancy in locating such people, as well as a requirement to monitor and manage security alerts 24x7x365.

In this post, we will describe how managed security services work as well as some of the main advantages of engaging with a managed security service provider (MSSP).

What exactly are Managed Security Services?

Outsourced monitoring and maintenance of your security systems and devices are included in managed security services. An MSSP controls your SIEM tools, Intrusion Detection Systems/Intrusion Prevention Systems, firewalls, anti-virus, vulnerability and compliance management, and other security technologies.

Security Services: Fully Managed vs. Co-Managed

Two types in Managed security services: fully managed security services and co-managed security services.

Fully Managed Security Services include the security services provider controlling the network security as well as monitoring and control the security alerts created by these tools and technologies. If your company is on a limited budget or lacks the internal resources to learn and manage a wide range of cutting-edge technology, then fully managed security services is the most suitable for your organization.

Co-Managed — If your company owns a variety of security technologies but lacks the internal security staff needed to manage these solutions 24x7x365, co-managed security services can help. As your organization grows and you establish a Security Operations Centre, you may ultimately bring back technology monitoring and management in-house (SOC). An MSSP can educate and teach you on the capabilities and functionality of each tool, as well as configure it to the best possible setting.

Furthermore, co-managed security services enable your employees to focus on other strategic security projects while delegating the time-consuming task of monitoring and controlling occurrences during non-business hours. As a result, several MSSPs provide coverage 24*7*365.

Monitoring and Management of Threats

Today's security environment requires constant threat monitoring and reporting. Security data is collected from a lot of sources, where an MSSP may analyze to find the similarity in your security alerts, finally pinpointing irregularities and malicious activities.

An MSSP's security analysts will examine your security data to evaluate if these incidents should be changed into threat intelligence with notifications. Whether this is the case, tickets are generated, and alerts are sent in following a set of escalation profiles that assign a priority and notify appropriately, resulting in an incident response strategy for your business.

A managed security services company should also include security analysts who have been educated to seek for threats.

Security Intelligence

Security intelligence may occur both from public and private sources, and it can assist a company increase their detection and prevention capacity. If your company is still unable to place full time employees to security information gathering, then managed security services can help.

A leading MSSP can provide relevant threat intelligence for your company's cyber security, monitoring, and reporting. Threat intelligence gives the security team with the information they need to proactively hunt out threats. The benefit of threat intelligence from an MSSP for small to large organizations is that, it is based on a wide variety of scenarios across its entire client base, allowing it to be analysed by knowledgeable security specialists who can determine how it may impact your organization in the short and long term.

Managed security services are becoming increasingly popular as a way for organizations to spend their cyber security budgets.