The complex cyber paradigm can be a major challenge to protect your business against. However, Managed security offer an invaluable asset in navigating this landscape safely and securely. Without the advantage of dedicated cybersecurity strategies, companies are left unprepared for today’s ever-growing threat spectrum. So, businesses and consumers are looking for solutions that can protect them against emerging threats.
The global MSS market size is projected to grow from USD 22.8 billion in 2021 to USD 43.7 billion by 2026, as per the data by Reportlinker. Hence, now is the right time to consider MSS for your enterprise.
What are Managed Security Services?
Security is a critical issue for businesses and managed security services are the key to keeping your systems secure. A third-party provider can offer 24/7 monitoring of vital devices and networks and administer all cybersecurity needs over cloud platforms. Managed security refers to various cybersecurity solutions outsourced to a third-party provider. These services protect your organization’s digital assets from a wide range of cyber threats, including hacking attempts, malware infections, and data breaches.
With managed security, you can delegate the responsibility of monitoring and managing your cybersecurity to a team of experts specializing in protecting businesses like yours. These experts will work with you to develop a customized security strategy that aligns with your unique needs and risk profile to continuously implement and manage that strategy.
Managed security can include various solutions such as endpoint security, threat detection and response, network security, and compliance management. By partnering with a managed security services provider, you can benefit from 24/7 monitoring and support, rapid incident response, and access to the latest security technologies and best practices. With an MSSP(Managed Security Services Provider) on board, you get complete implementation & oversight so that cyber threats never stand a chance!
Suggested Reading: MDR vs SIEM
MSSPs provide protection in the form of managed security, which can be called various names depending on what they specialize in.
These include:
- Security monitoring and maintenance
- Incident response and mitigation
- Managed penetration testing (MPS)
What are the benefits of using a Managed Security Services Provider?
Managed security services providers offer many benefits, including:
- You can focus on your business and not worry about the cybersecurity side of things.
- You will have access to a team of experts dedicated to ensuring your data is safe.
- You won’t have to worry about being hacked because MSS providers constantly monitor their systems for threats and vulnerabilities, so they know how best to protect them from intruders. This means that if something does happen, it’s unlikely that anyone at your company will be affected by it (and if they are, you’ll know).
MSSPs can provide the right level of security for your business and help you manage your cybersecurity systems by:
- Identifying threats and vulnerabilities;
- Mitigating risks;
- Recovering from cyber threats.
Why should you consider managed security services in 2023?
MSS offers defense, detection, and recovery services to prevent and anticipate cyber threats, as well as ongoing management services for your cybersecurity systems.
MSS providers will help you manage your cybersecurity needs by providing the following:
- Technology consulting and training
- Application/software development/integration
- Infrastructure/infrastructure monitoring & maintenance
Top 5 key points that make you consider MSS in 2023:
1. The talent shortage will only grow
Managed security services (MSS) will be crucial in any company’s cyber defense program in 2023 and beyond. Investing in a managed security service provider (MSSP) might be the key to defending your organization from hackers. Thus, the managed security services industry will expand exponentially due to increased cyber threats and a growing skill scarcity.
2. The complexity of cyberattacks is growing
Cyberattacks are becoming increasingly complex In 2023, it will be more difficult to protect all of our most sensitive information, from bank records to customer information and corporate secrets. MSSPs (Managed Security Services Providers) can help monitor IT systems for vulnerabilities and actively track any malicious activity. So, with their advanced technology and expertise, enterprises can feel secure knowing they are cyber secure.
3. Businesses are investing more in cybersecurity.
As businesses become increasingly dependent on a secure digital infrastructure, the managed security services market is seeing an upsurge in demand. Managed Security Service Providers (MSSPs) offer a suite of tailored services that can protect organizations from an increasingly diverse array of cyber threats. Their managed services are of particular interest to organizations with limited IT resources.
MSSPs can help to monitor, manage and respond to any attempted cyber-attack 24/7 and leverage backups to restore critical data in the event of an attack quickly. With managed security services now employed by small and large businesses in equal measure, it is clear that investing in cybersecurity is no longer optional – it’s essential!
4. Addressing challenges associated with the skills gap.
Outsourcing is one way to get your cybersecurity up to speed while addressing the skills shortage and talent gap.
With managed security service solutions swiftly becoming necessary, companies should consider outsourcing as one way to get their cybersecurity up-to-speed while also addressing challenges associated with the skills gap. Therefore, now is the time for businesses to start seriously considering managed security services.
5. The needs of businesses and consumers are different.
Businesses need more protection than consumers.
Businesses, especially those in the financial sector, will be much more likely to be victims of cybercrime if they’re not protected. For example, a business might have valuable intellectual property on its server or business-critical data that needs to be protected from hackers.
They also may have sensitive financial information stored within their systems, like customers’ credit card numbers and bank account information (primarily used for identity theft). Besides, businesses have many ways they could lose money if their employees get hacked: stolen proprietary information could lead competitors into stealing customers; stolen trade secrets could hurt their ability to sell products or services; and lost revenue due to downtime caused by Ransomware attacks — which cost thousands per hour — would also reduce profits.
MSS (Managed Security Services) – The Intelligent and Reliable Way Forward
Let Ace Managed Security take the load off your in-house IT team by providing multi-layered protection for your network. With an expert staff managing cybersecurity tasks, you can confidently prioritize strategic initiatives while safeguarding data and resources seamlessly. Make MSS an intelligent part of your organization’s future today!
Keep your enterprise safe from cyber threats with ACE’s Managed Security Services. So, get real-time, round-the-clock monitoring and effective threat prevention backed by our world-class team of industry experts to ensure you’re always one step ahead.
