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A managed security service is the systematic approach a third-party takes to manage a business’s cybersecurity requirements, such as managing firewalls, monitoring and implementing intrusion detection systems, implementing patches and updates in addition to conducting vulnerability and penetration assessments in response to emergencies, and providing reports. Managed security service providers offer a cost-effective solution for organizations who cannot afford to hire or maintain their own cybersecurity team or have a limited capabilities.
A security-focused MSP focuses on cybersecurity while IT service providers focus mostly on IT operations. MSSPs provide information security monitoring and management around the clock to assist businesses in detecting and respond to cyberattacks. They typically leverage the security operation center with high availability and offer services like managed firewalls as well as intrusion detection, virtual private networks (VPN) management and endpoint threat detection, vulnerability scanning and response.
An MSSP must be able of providing specific services that are based on an in-depth understanding of the company’s security objectives and the environment. Premium MSSPs provide 24/7 monitoring of threats, threat intelligence, and analysis of data. This allows them to proactively detect threats and to eliminate crucial weaknesses.
A security-focused MSP should also have the capabilities to provide advanced endpoint detection and response (EDR) and XDR solutions. XDR collects and monitors data from a variety of technologies, such as firewalls, intrusion detection firewalls, next-generation antivirus and other devices for enterprises. It also provides central management and automation. The platform is able to detect unknown attackers with multi-layered detection methods and provide insight into the whole attack surface to prioritize and address vulnerabilities.