Why Do Businesses Need Managed Security Services?

Why Do Businesses Need Managed Security Services?

The cybersecurity field is famous for coining phrases and acronyms. So, Business and IT leaders are left questioning which cybersecurity solutions are genuinely necessary and which are superfluous. MSSPs, as reliable partners, are well-positioned to assist customers with issues such as:

• Can our security solutions scale as my company expand?
• Would XDR’s 24/7 monitoring and threat management increase my security maturity?
• Are we balancing MDR investment with a defense-in-depth strategy to threats?

In this blog, let’s define some crucial elements to help answer these questions. But before that, let us unveil why managed security services are critical in today’s day and age.

Uncovering The Reasons…

With the growing awareness of the importance of proactive security measures, many businesses continue to postpone implementing sound security strategies until they have suffered a loss due to a data breach.

As the number of cyber threats grows, businesses must address IT security. Whether an organization’s security program is immature or simply wishes to extend its security capabilities, managed security service providers are an excellent choice.

1. 24×7 Monitoring

Managed security services provide round-the-clock monitoring. However, deciding to manage company security in-house necessitates a significant investment in both staff and technology. So, nowadays, businesses are turning to managed security service providers for assistance.

2. Rapid Incident Response

An MSSP that can provide Incident Response and Event Investigation services would have unrivaled knowledge in dealing with enterprise security events. This protects the organization from future harm, ranging from single-system hacks to enterprise-wide invasions by progressive assault organizations.

3. Threat Reduction Organization

An MSSP will perform advanced monitoring, analysis, and investigation of malicious code and callbacks, as well as the discovery of security breaches. An MSSP uses threat monitoring to move beyond the network and become a threat hunting organization, preventing attacks from ever entering the network.

4. Expertise And Threat Intelligence

A comprehensive understanding of cybersecurity technologies enables managed security service providers to optimize the individual managed security services and solutions they use. This, in turn, helps them strengthen their customers’ overall network security infrastructure by combining and matching the best services and technologies for each company’s specific needs.

5. Reduce Your Spending

Acquiring a complete set of security technologies and solutions could be an expensive task. An MSSP provides you with a team of seasoned security specialists that will work for you for a fraction of the expense of developing your security staff. However, these prices will typically be lower than the costs of staffing a full-time in-house staff capable of competing with managed security services.

What Are The Available Managed Security Services?

• SIEM

SIEM (Security Information and Event Management) systems are powerful data-collecting technologies that collect massive volumes of data about network traffic and security occurrences. But, on the other hand, SIEM systems generate a lot of “noise” or unwanted and irrelevant data that serves no benefit.

• EDR

EDR (Endpoint Detection and Response) is primarily concerned with threat detection and response in the endpoint environment. EDR focuses on device activity rather than network activity — think laptops, servers, and essential business equipment like Point-of-Sale (POS) systems.

EDR addresses threats that have evaded the Predict and Prevent functions, which are only two components of the entire Predict, Prevent, Detect, and Respond (PPDR) cybersecurity system.

• MDR

Managed Detection and Response is a service rather than a technology. What distinguishes MDR emphasizes employing technology and skills to continuously monitor IT assets to discover and respond to true cybersecurity threats.

An MDR service’s technology contains a lot of possibilities, which is critical when assessing technology vendors. The extent of threats that the service can detect is determined by the technology stack that powers it.

• XDR

While there is more buzz surrounding the word XDR these days, it isn’t new. Instead, it is a helpful term to designate a solution that collects and correlates information from several security controls to defend the IT infrastructure comprehensively.

XDR or Extended Detection & Response can minimize the complexity of point security solutions, improve Security Operations Center (SOC) efficiency through greater automation, and improve security outcomes, freeing up time for threat hunting and other strategic priorities.

Why MDR/XDR Is The Best Choice To Make?

Gartner predicts that in four years, half of the enterprises will utilize MDR for various reasons, including:

• Monitoring 24×7 with seasoned SOC analysts.
• Enhanced threat detection and detection coverage
• Proactive threat detection
• Improved threat intelligence
• Firewall Monitoring and Assessment
• Security Awareness Training
• Machine Accelerated Threat Hunting
• Incident response and log management

In addition, Extended Detection and Response (XDR) security offers improved threat detection and response capabilities, such as:

• Network Detection and Response
• Threat identification across multiple network layers
• Detection and response cutting across application stacks
• Enhanced threat intel collection and use
• Improved SIEM and SOAR capabilities
• Leverages more advanced behavioral models with advanced ML

The Path to Security Maturity

As the threat landscape evolves, so will the solutions employed to combat these increasingly complex challenges. Modern capabilities like XDR/MDR are also assisting in reducing security vulnerabilities and improving practitioner efficacy for end-users.

What’s more crucial is that these cybersecurity services should be easily deployed and managed, allowing your internal team to focus on things other than cybersecurity. SharkStriker‘s end-to-end cybersecurity service deployment is driven by the ORCA methodology, which strives to provide the full range of security capabilities from a single platform.