What is a Managed Security Services Provider or (MSSP)?

An MSSP, or Managed Security Services Provider, is a dedicated cybersecurity entity offering outsourced surveillance and administration of systems, devices, and user end-points. With high-tech security operation centers, MSSPs guarantee round-the-clock service.

Emerging in the mid-1990s from Internet Service Providers, MSSPs have grown in response to increasing cyber threats. While both MSSP and MSP (Managed Service Provider) are involved in IT, an MSSP is distinctively proactive in managing cybersecurity threats. In contrast, MSPs offer broader IT support and often respond after cybersecurity incidents.

Diving Deeper: Types of Managed IT Security Services Offered by MSSPs

1. Managed Security: MSSPs conduct security services both on-site and in cloud-based environments, ranging from third-party security administration to complete outsourcing.

2. Managed Backup: Protect your company’s invaluable data with managed backup services. As businesses digitize, data loss poses severe risks.

3. Managed Firewall: MSSPs handle firewall infrastructure, ensuring secured network traffic and data protection.

4. Managed Network: MSSPs enhance network security by managing applications like Intrusion Prevention Systems, endpoint security, log management, and more.

Cybersecurity’s Growing Importance: Who Needs It?

• Small and Medium Businesses (SMBs): With 43% of cyber-attacks targeting SMBs in 2021, cybersecurity is no longer optional for small businesses.

• Associations: Non-profits, trade groups, and global organizations are more at risk due to evolving cyber threats.

• Financial Institutions: An increasing reliance on digital solutions means financial institutions need to prioritize cybersecurity.

• Government Contractors: With increasing regulations, government contractors must showcase compliance and robust security measures.

• Professional Service Firms: Firms across various sectors need to upgrade their cybersecurity strategies as targeted cyber-attacks increase.

MSSP Jargon Explained

• VAPT: Helps identify system vulnerabilities for better cybersecurity.

• SIEM: A tool for real-time and historical event analysis and threat detection.

• CSM: MSSPs employ continuous security monitoring for real-time threat identification.

• Zero Trust Architecture: A strategic cybersecurity approach that emphasizes rigorous user validation.

• SOC: Centralized units of experts that manage and improve organizational security.

• MFA: Multi-layered authentication to enhance data and user security.

• Security Consulting: Expert advisory on balancing system management and risk reduction.

• Security Awareness Training: Equip your team with the knowledge to act as the first line of defense against cyber threats.

Why Should Your Business Choose an MSSP?

Choosing an MSSP offers enhanced security posture, cost savings, unique expertise access, and round-the-clock support. When budgeting for cybersecurity, consider the value of what you aim to protect.

Selecting the Right MSSP for Your Business

When scouting for an MSSP, consider their establishment date, size, industry expertise, and technological arsenal. It’s crucial to align with a provider that meets your specific needs and integrates seamlessly with your existing IT structure.