Boost Readiness With Managed Security Solutions
- Eric Swanstrom
- • June 26, 2024
Source expertise and experience to mitigate incoming threats.
Biggest Need of the Year
A McKinsey survey of technology and telecommunications B2B decision makers revealed a positive investment outlook for 2024. Across industries and regions, companies indicated clearly that cybersecurity is the highest-ranking technology need. With the continued growth of cybersecurity threats and the expensive, work-stopping disruption of ransomware and other attacks, it is unsurprising that businesses plan to increase spending on top-notch security solutions. As noted in the McKinsey report, “Given the vast amount and sensitivity of data that companies of all sizes now handle…the importance of cybersecurity is only set to increase.” Both customers and vendors can take note: proven, effective cybersecurity solutions will continue to be critical to a company’s success.
Cybersecurity is an ongoing process. Outsourced managed security can be a valuable option for companies wanting to mitigate threats to endpoints, cloud, and network infrastructure. Well worth the investment, a managed security solution is a smart, cost-effective way to fortify an organization’s security readiness. With access to technology, tools, and expertise beyond what most companies maintain in-house, managed cybersecurity can deliver monitoring, remediation, and results that generally cannot be replicated by a busy IT department.
Innovative Tools
For companies looking to boost their cybersecurity spending, it is important to consider solutions from leading suppliers featuring proven, effective services and technologies including:
- MDR - managed, proactive solution to monitor threats and deliver a quick response, preventing attacks from escalating
- Email security - mitigates phishing threats and other email vulnerabilities
- Digital forensics - remote, on-demand threat suppression and a fast, efficient response to breach incidents, plus hands-on assistance with on-site services
- Penetration testing - end-to-end testing to reveal vulnerabilities
- Database security - assessment, prevention, and remediation for on-premise and cloud database breaches
- Risk assessment and exposure management - identifies gaps and advises on optimal strategies to fortify weak spots
- 24/7 Global SOC - around-the-clock cybersecurity analysts to address disruptions quickly
- SOC-as-a-Service - on-demand expertise and peace of mind against incoming threats
Broad Benefits
Delivering benefits both for cybersecurity readiness and general business needs, managed security solutions help organizations work smarter. When considering outsourced cybersecurity, look for providers delivering security and business benefits such as:
- Expertise and Specialization: Certified security teams are well-versed in the latest threats and technologies. They bring a high level of expertise to the table, which can be challenging to replicate in-house. And, with access to their state-of-the-art cybersecurity tools and technologies, organizations can leverage the latest threat detection, AI-driven security analytics, and other advanced solutions without the need for substantial capital expenditures.
- Threat Intelligence: Managed security brings access to threat intelligence networks and can provide proven insights around emerging threats and vulnerabilities, enabling organizations to steer clear of the latest attack scenarios.
- Continuous Monitoring and Threat Detection: Managed security solutions offer 24/7 monitoring and real-time threat detection. Able to identify and respond to potential threats much faster than a company with limited in-house resources, managed solutions can significantly reduce the time needed to detect and resolve security incidents.
- Rapid Incident Response: Organizations can be caught off guard when threats emerge, or worse, when ransomware attackers strike. In the event of a security breach or incident, managed security implements well-defined incident response procedures. Response and remediation protocols are already in place, minimizing downtime and ensuring the fastest response possible in the event of an attack.
- Scalability: Managed security services can be scaled up or down based on a company's needs. This flexibility is particularly useful when dealing with AI technology, as the infrastructure and security requirements may change rapidly as AI projects and technologies evolve.
- Customization and Flexibility: Managed cybersecurity can be tailored to an organization's specific needs and objectives, allowing companies to prioritize security measures that align with their business goals.
- Cost-Efficiency: Outsourcing security services can be cost-effective when compared to hiring and training an in-house security team, which can be expensive and time-consuming. Managed security solutions often offer predictable pricing models, which helps meet budget requirements.
- Compliance: For healthcare, financial services, education, and other industries with regulatory and compliance requirements (such as GDPR and HIPAA), managed cybersecurity solutions help ensure that security practices can support and remain compliant with relevant laws and standards.
- Core Business Functions: By outsourcing security management, organizations can concentrate on their core business functions and strategic initiatives, while the cybersecurity team handles the complex task of protecting endpoints, cloud, and network infrastructure.
While outsourcing to a managed security vendor offers numerous advantages, it’s essential to choose a reputable provider with a proven track record. Companies should conduct due diligence, assess capabilities, and ensure a provider’s services align with their in-house security and compliance requirements.
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Survey image from “Technology and telecommunications B2B customer buying trends: Bright horizons with some warning signs” February, 26, 2024, McKinsey.com