Every business wants to keep their company’s information confidential and secure. A vendor who provides managed networks and other security services is called a Managed Security Service Provider (MSSP). A managed security service provider provides fully managed perimeter security services that includes configuration management, design, implementation, 24/7 client support, and monitoring.
Unfortunately, data theft and cyber-attacks frequently disrupt this security perimeter if not addressed in time. In this situation, you need to take advantage of managed security services. The concept of MSSP originated from the ISP (Internet Service Provider). Previously, this type of security was provided through firewall protection by Internet Service Provider (ISP). And customers were charged on metered connections. Cyber-attacks are escalating every year hence; organizations of all sizes need defense and expertise that allow them to monitor such threats day and night.
The question arises in our mind – What are the methods these Managed Service Providers use to help organizations and how companies can benefit.
24*7 monitoring for threats: Setting up a complete network security system and hiring the people in a company to manage these security functions can be an expensive option. So outsourcing the security services will be a cost-effective proposition. Most Managed Security Service Providers charge fixed monthly fees, which benefit clients by providing them with predictable IT support costs. This way companies enhance the overall productivity by focusing on other sections.
Firewall management and Patch management: Configuring and monitoring a firewall to maintain a secure network layer. Management of these firewalls means setting rules and policies, tracking changes, and monitoring compliance logs. It also includes the monitoring of user access to firewall settings. Patch management is the process of distributing and applying updates to the software. These patches are often necessary to correct errors (also referred to as “vulnerabilities” or “bugs”) in the software. Firewall and software update patches are mainly to protect the complete system from all-new ways of hacking. This way client have complete peace of mind as MSSPs are working day and night to keep the company’s data safe by updating their software on time and these companies need not have to focus on finding ways to protect their data.
Security audits and Incident response: A security audit is a thorough audit that typically assesses the security of the system’s physical configuration, software, information handling processes, user practices and identifies security problems and gaps, as well as system weaknesses. Comply with internal organization security policies and regulatory requirements. Sometimes when a security layer is breached, the incident response is exercised. Here, the goal is to handle the situation in a way that limits damage and reduces recovery time and costs.
Managed Security Service Provider (MSSP) works diligently to provide the best services to IT companies at low cost and guides them to focus mainly on productivity. In 2021, New Technologies are evolving and with advancements in technology, hackers are becoming more skilled at finding security loopholes in corporate security systems and can gain access to protected files and data, posing a significant cyber security threat. However, from 2015-2021, these MSSPs had shown a huge decline in the number of security breaches by making effective security systems. Even after the Hacker’s attack every 39 seconds and 3,00,000 new malware till 2021, less than 3% of the companies’ data all over the world have been compromised. With the extraordinary efforts of these Managed Service Providers, companies’ data is protected and this has become a necessity for all the IT organizations.