Written by David Chernitzky
This blog intends to provide readers with a better understanding of Managed Cybersecurity Services and how they will be an essential aspect of improving your business’s cyber posture or, in other words, how they prepare you better to deal with real-world cyber threats. The blog below will outline the benefits, how they work, and some real-life examples of Managed Cybersecurity Services in action from our professional experience in Armour Cybersecurity.
Table of Contents
Introduction............................................................................................................................... 1
What are Managed Cybersecurity Services (MSS)?....................................................... 2
Benefits of Managed Cybersecurity Services.................................................................. 3
What do MSSPs really do?..................................................................................................... 4
How can Armour Cybersecurity enhance your cybersecurity posture?.................... 5
Success Stories......................................................................................................................... 6
Conclusion.................................................................................................................................. 7
Frequently Asked Questions................................................................................................. 8
Introduction
Businesses of all sizes face challenges in securing their assets and protecting their reputations from sophisticated cyber threats. Small and Medium Businesses (SMBs) are particularly vulnerable, grappling with a global shortage of cybersecurity experts and limited resources. Consequently, many organizations rely on IT generalists who are already stretched thin. Another factor is the misconception among SMBs that cyber protection is expensive and that they are too small to attract malicious attackers.
As a cybersecurity Managed Security Service Provider (MSSP), we have witnessed firsthand the struggles SMBs face in defending against cyber threats. Many companies we meet for the first time have fallen victim to attacks due to a lack of understanding of the risks, insufficient resources and expertise, or the misguided belief that they are too small to be targeted by cybercriminals. The lesson is clear: cybersecurity can no longer be an afterthought for SMBs. The impact of a cyber attack on a small or medium business can be devastating, potentially jeopardizing its very existence. A single cyberattack can have devastating financial consequences. According to IBM's Cost of Data Breach Report 2023, the global average data breach cost is a staggering $4.45 million. This figure doesn't even account for additional costs like reputational damage, lost business opportunities, and potential regulatory fines.
A new service category- managed security services- has emerged in the last decade to bridge this security gap. This umbrella term encompasses various cybersecurity services and solutions offered by third-party providers or MSSPs.
What are Managed Cybersecurity Services (MSS)?
Managed Cybersecurity Services (MSS) refer to outsourcing an organization's cybersecurity needs to specialized third-party providers known as Managed Security Service Providers (MSSPs).
These services encompass a comprehensive suite of services and security solutions, including a managed security program, 24/7 security monitoring, threat detection and response, incident management, and security operations center (SOC) services. MSSPs leverage advanced technologies, the right level of cyber defence expertise, and up-to-date threat intelligence to protect their client's digital assets, networks, and systems from evolving cyber threats.
Does every cybersecurity vendor provide MSSP services? Not really. The cybersecurity market suffers from great segmentation, where you have a plethora of vendors specializing in a certain domain or niche, but not many vendors can provide broad coverage that will help an organization address all their cybersecurity needs, and as a result, many organizations suffer from vendors fatigue as they have to work with dozens of cybersecurity vendors. Here is the tip: once you are looking for MSSP for your business, look for an organization that can cover the majority of your needs.
You can schedule a one-on-one meeting with us to hear firsthand how Armour Cybersecurity can provide you with 360-degree security to ensure you are protected from any threat.
Benefits of Managed Cybersecurity Services
One of the key benefits of MSSP is its affordability. MSSP typically enables Small & Medium Businesses to access enterprise-level cybersecurity expertise without expensive resources. The ultimate goal of Manage Security Services is to help the client enhance their security posture and reduce business risks associated with cyber threats.
Top MSSP Benefits:
· Affordability achieved through economies of scale of MSSP
· Cost predictability
· Proactive approach to cybersecurity
· Reducing overhead in vendor management due to vendor consolidation
· Access to a pool of cyber expertise
· Flexibility on demand to scale up and down the team/support based on the risk level
· Almost Immediate cybersecurity capability build-up in the organization
· Keeping up to date the defenses with the latest attack vectors and incorporating the latest technologies like Artificial Intelligence (AI)
What MSSPs really do?
Not all MSSPs are created equal. Good MSSPs should be able to cover the whole lifecycle of your organization's cybersecurity. Typically, this boils down to a combination of services below.
How can Armour Cybersecurity enhance your cybersecurity posture?
Armour Cybersecurity has practical experience working with hundreds of clients across various geographies and industries. Many of those clients are SMBs that have the problems that we outlined in the paragraphs above:
· They are overwhelmed by the abundance of cybersecurity technologies
· They don’t have access to qualified cybersecurity experts
· A vast majority of SMBs are adopting SaaS applications at a very rapid pace
Seeing these problems firsthand, we built a comprehensive managed security services offering to our clients that was specially designed to secure their business.
We differentiate our approach by providing peace of mind for our clients and allowing them to focus on their business while we take care of their security. Our holistic and proactive approach helps clients structure cyber-resilience programs, which will cost significantly less than dealing with cyber breaches' direct and indirect impacts in the short term and long term.
A robust Cyber Resilience Program typically starts with an end-to-end approach review of the organization, covering people, processes, and technology. It provides a clear visibility into all relevant aspects of the cybersecurity context. It creates a baseline of current process gaps, controls, organizational areas that require remediation/improved compliance with regulations, and other business risks associated with cyber threats. We usually use our assessment-leading industry standards, such as the NIST Cybersecurity Framework (NIST CSF).
The key outcome of the assessment is the roadmap that organizes the findings by priorities driven by business risk. Practical work plans are created once the roadmap is communicated and agreed upon across the organization.
We provide our clients with access to a variety of services, allowing them to select and customize an optimized package tailored to their needs, ensuring the organization’s maximum security.
Here is the comprehensive list of the Security Services that Armour Cybersecurity offers to their clients.
Service | Details |
vCISO
| Our vCISO services offer organizations access to seasoned cybersecurity leadership at a fraction of the cost of a full-time executive, providing strategic guidance and collaboration to develop and implement a comprehensive cybersecurity strategy aligned with business objectives while navigating evolving cyber threats. |
Armour 360 Package | Armour360's Managed Service offers comprehensive cybersecurity protection and access to enterprise-grade defence technology through expert-led onboarding, configuration, daily monitoring, incident response, and ongoing optimization, allowing clients to focus on their core business while receiving regular performance reports on the managed services protecting their organizational assets like: · Endpoints – Laptops, desktops and servers · Mobile devices · Email & Collaboration platforms · Secure access to the internet and company assets · Browsers · SaaS platforms |
Cyber Awareness Training | Our Cyber Awareness Training services continuously educate employees on cybersecurity best practices and threats through engaging, interactive modules. This empowers employees to recognize and mitigate security risks while fostering a culture of cybersecurity awareness within the organization. |
Vulnerability Management
| Our Vulnerability Management services proactively identify, assess, and remediate vulnerabilities in your IT infrastructure using advanced tools and methodologies for continuous scanning and timely insights to address potential security weaknesses. |
Security Operations Center (SOC)
| Our Security Operations Center services provide a dedicated facility for real-time monitoring, detection, and response to cybersecurity threats, utilizing skilled analysts and advanced technologies to ensure rapid and effective incident management, thereby minimizing the impact on your organization. |
Cyber Threat Intelligence
| Our Cyber Threat Intelligence services deliver timely and relevant information on emerging cyber threats by collecting, analyzing, and disseminating intelligence about potential attackers' tactics, techniques, and procedures, enabling your organization to implement proactive defense measures. |
The Armour 360 package protects you from every angle.
Give us a call today to learn about the benefits of each of these services and how they can better protect your organization.
Success Stories
There is no better way to share success stories than hearing it from our clients directly.
Exclusive Services
256 Solutions
World Class Promo
Conclusion
In conclusion, Managed Cybersecurity Services offer a robust, scalable, and cost-effective solution for organizations seeking to bolster their digital defences in an increasingly complex threat landscape. By leveraging the expertise of seasoned professionals, cutting-edge technologies, and round-the-clock monitoring, businesses can significantly enhance their security posture and focus on core operations. As cyber threats continue to evolve at an alarming rate, it's crucial for decision-makers to evaluate their current security measures critically. Ask yourself: In the face of sophisticated, ever-changing cyber threats, is your organization truly prepared to detect, respond to, and recover from a potential breach without the specialized knowledge and resources of an MSSP? The answer to this question could be the difference between maintaining business continuity and facing devastating consequences in the digital age.
Don't wait for a cyber attack to be your wake-up call. Take action now. Your future self (and your customers) will thank you.
If you are still not convinced of the crucial role of MSSP, you can hear what our clients have to say about their experience with Armour cybersecurity as MSSP.
About Author: David Chernitzky brings over 25 years of cybersecurity experience from the Israeli Defense Forces Intelligence Corps. Under his leadership, Armour Cybersecurity has rapidly grown into a global provider of top-tier cyber protection for small- to medium-sized businesses. David also serves on the Canadian Friends of Sheba board, supporting medical innovation efforts.
Frequently Asked Questions
1. What are managed security services?
Managed security services are outsourced cybersecurity solutions provided by expert firms. They offer 24/7 security monitoring, threat detection and response, and security information and event management. These services help organizations enhance their cybersecurity posture, reduce risks, and comply with regulatory requirements without maintaining an in-house security team.
2. How do managed security service providers (MSSPs) differ from in-house security teams?
3. What services are typically included in managed security services?
4. How can managed security services benefit my organization?
5. What should I consider when choosing a managed security service provider?
6. How do managed security services handle incident response?
7. Can managed security services help with cybersecurity compliance?
8. How do managed security services integrate with existing IT infrastructure?
9. What is the typical pricing model for managed security services?
10. How do managed security services stay updated with evolving cyber threats?
Comments