How Managed Security Services Operate

Enterprise Security Magazine | Tuesday, June 29, 2021

More and more corporations spend their budgets on managed security services.

FREMONT, CA: Managed security services entail the monitoring and managing of the security systems and devices by a third-party provider. A managed security services provider (MSSP) collects security incident and event management (SIEM) tools, intrusion detection and prevention systems (IDS/IPS), firewalls, anti-virus, vulnerability and compliance management, and more.

The following section contains how security services work.

Fully- Managed vs. Co-Managed Security Services

Fully-Managed Security Services: The security services provider possesses the security technologies and handles and supervises the security events generated from these tools and technologies. Suppose an organization is budget-conscious or doesn’t have internal resources to learn and manage a range of the latest technology. In that case, fully-managed security services are most likely a fit.

Co-managed – If an organization owns a range of security technologies and lacks the internal security resources needed to manage this 24x7x365, then co-managed security services are beneficial. Eventually, entrepreneurs restore monitoring and technology management as their organization scales and build a Security Operations Center (SOC). In addition, an MSSP can educate them about each tool’s features, functionality, and configuration. Furthermore, co-managed security services allow staff to focus on other strategic security projects and offload the intensive monitoring and event management work during non-business hours. This is because so many MSSPs offer 24x7x365 coverage.

Threat monitoring and management

Today's security landscape requires ongoing monitoring and threat investigation. Security data is gathered from various sources, and an MSSP can use it to identify correlations in your security incidents and ultimately identify anomalies and malicious activity.

A team of security analysts at a managed security services provider (MSSP) evaluates security data and determines whether these incidents should be converted to security events with alerts. If so, tickets are opened, and notifications are made using a collection of escalation profiles that set priorities and notify the organization appropriately, forming an incident response playbook.

Incident response and investigation

Once a security alert is created, the MSSP team resolves the incident. However, other essential security tasks may overwhelm the company's internal team. Offloading incident response to a provider allows the organization to accelerate incidents that may require multiple shifts or even days to fix before.

Safety Intelligence

Security intelligence can come from open and private sources and helps improve the detection and response of an organization. If an organization cannot dedicate full-time staff to gathering intelligence threats, managed security services are beneficial. A leading MSSP can offer the organization relevant threat intelligence to enable security technologies, monitoring, and reporting. Threat Intelligence gives the security team the insights needed to chase threats proactively. The managed security provider also offers an organization insight into global threats in real-time with a full array of security technologies and in-house clients. An MSSP gives the organization an edge in defending against zero-day threats, new vulnerabilities, and ransomware that easily avoids detection.

See Also: Top 10 Cybersecurity Consulting/Services Companies

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