A managed security service is a standardized method that a third-party uses to manage the cybersecurity requirements of a company. This includes managing firewalls, monitoring and directing intrusion detection, implementing patch management, and updating, carrying out assessments of vulnerabilities and penetration and responding to emergencies and providing reports. Managed security providers are generally a cost-effective choice for organizations that cannot afford to employ and maintain their own cybersecurity teams, or have in-house capabilities that are not sufficient.
A security-focused MSP focuses on cybersecurity while IT service providers focus primarily on IT operations. MSSPs offer around-the-clock information security monitoring and management to assist organizations identify, triage and respond to cyberattacks. They typically utilize an operation center that is high-availability to provide services such a managed firewalls, intrusion detection, virtual private network management, endpoint threats detection and response, and vulnerability scanning.
An MSSP is expected to provide a customized service based on a deep knowledge of the environment in which the business operates and security goals. Premium MSSPs provide 24/7 monitoring, threat intelligence and analysis of data. This enables them to identify threats and eliminate critical 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 information from various technologies including firewalls, intrusion detection, anti-virus, next-generation firewalls and other devices for enterprises. It also provides central management and automation. The platform can find unknown attackers by using multiple-layered detection methods and provide visibility into the whole attack surface to prioritize and address vulnerabilities.