| | November - 2019ENTERPRISE SECURITY6With the number of cybersecurity attacks on any organization increasing at an exponential rate daily, it is becoming difficult for said organizations to manage them. As per a report by Accenture, cybercrime will cost companies $5.2 trillion in the next five years in lost revenue. Even if the cybersecurity received is adequate, it is still hard for a company to hire and train an IT security team. It's more cost-effective to outsource the company's security to receive a more competent form of it. Thus, managed security providers(MSP) are becoming more of a necessity than viable options.The utilization of MSPs offers an organization with a wide range of benefits. For starters, organizations are relieved of their security responsibilities and can divert their resources to their respective fields. MSPs offer constant 24x7 monitoring of security threats for organizations, which would be difficult for organizations themselves. MSP staff ensures that the company complies with all rules and regulations while dealing with any data. By requiring less security staff and staying updated with the newest trends and technologies of the security field, MSPs prove to be highly cost-effective for any organization.However, MSPs are not devoid of challenges. Organizations moving to cloud-based platforms make MSPs hard to integrate with their traditional security management tools. Although they provide threat prevention and security monitoring, MSPs don't delve deeper into security incident investigations, which is useful for future threat prevention.Despite the odds, MSPs are evolving to provide the best form of security to an organization. Many MSPs are partnering up with vendors that work with deep learning and End-point Detection and Response (EDR) to detect and respond to emerging threats like vaporworm. Many MSPs are also integrating with Multi-Factor Authentication (MFA) to provide a more formidable form of security from unauthorized access control.With MSPs specializing in different aspects of security available in the market, it becomes very difficult for organizations to select the one whose specialties are tailored for their needs. To help them make a decision, this issue of Enterprise Security Magazine presents "Top 10 Managed Security Providers." Comprehensive Managed Security SolutionsEditorialRussell Thomas Managing Editor michael@enterprisesecuritymag.comNOVEMBER - 11 - 2019, Volume 05 - 26 Published by ValleyMedia, Inc. To subscribe to ENTERPRISE SECURITYVisit www.enterprisesecuritymag.com Copyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorRussell ThomasEditorial StaffAaron PierceAlex D'SouzaAva GarciaJustin S GonsalvesJoshua ParkerKuranganayana KalitaVisualizersAsher BlakeSalesAlena D'Souzaalena@enterprisesecuritymag.comContact Us:Phone:510.757.1040Fax:510-894-8405Email:sales@enterprisesecuritymag.comeditor@enterprisesecuritymag.commarketing@enterprisesecuritymag.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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