Why Demand for Managed Security Services Providers (MSSPs) is Rising

Why Demand for Managed Security Services Providers (MSSPs) is Rising

Information security threats continue to evolve, both in sophistication and scope. Many companies have come to realize they need round-the-clock monitoring, in addition to network-wide coverage that includes cloud applications. However, at the same time, finding the right technical team to hire has become more difficult.

Managed Security Service Providers (MSSPs) are a growing answer to these problems, providing businesses with access to skilled professionals with the IT expertise they need to protect sensitive company, customer and employee data, while maintaining compliance with increasingly complex regulatory requirements.

The Move to MSSPs is Not a Passing Fad

While there is no guarantee what the future will bring, every indication points to continued growth in the security advisory services market.

In fact, the ever-increasing number and sophistication of information security attacks, and increasingly stringent compliance rules, are expected to drive growth of nearly 20 percent annually from $5.77 billion in 2017 to $13.57 billion by the year 2022. Incident response managed services are expected to grow at the highest rate.

How MSSPs can Meet Business’ Needs

Information security threats themselves are never a good thing. However, those threats have been largely responsible for improvements in the services offered by MSSPs, which make big-company information security solutions available to small- and mid-sized businesses. After all, regardless of the size of a company, they face the same threats when it comes to potential business disruption, regulatory compliance issues and damage to the company’s brand.

MSSPs give businesses the option of outsourcing some or all of their information security responsibilities. MSSPs, not the businesses they serve, are responsible for buying and maintaining the necessary hardware, software and systems. Businesses who choose to work with MSSPs are also relieved of the burden and stress of recruiting, selecting and training staff. In today’s tight employment environment for information security specialists, this is no small benefit.

For the business, outsourcing information security to an MSSP gives them the opportunity to reduce expenses while enhancing capabilities and defenses.

What to Look for When Evaluating MSSPs

When considering an MSSP relationship, businesses should evaluate the following information:

  • What is the MSSP’s area of expertise? Do they regularly work with businesses in your industry? Do they work with businesses that are of a similar size to yours?
  • What kind of training, skills and certifications does the MSSP team hold?
  • When it comes to security capabilities, is the MSSP prepared to handle incident response, intrusion detection and prevention, security monitoring, event correlation, alerting, firewall protection and event management?
  • How does the MSSP charge for their services? What’s included as “standard”, and what will result in additional charges?
  • How will the MSSP integrate with your existing operations?
  • Can the MSSP tailor their services to meet your business’ needs?

Don’t Leave Your Company’s Information Security to Chance

With the threat of an information security attack or event ever-present, your business needs to ensure it has adequate defenses and processes in place. Choosing an MSSP can give you peace of mind knowing you’re increasing your information security posture while freeing up company resources to focus on other initiatives.

To learn more and to explore how Intrinium can help, contact us today at 866-461-5099, or complete our easy online contact form.

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