Do I Need a Managed Security Services Provider (MSSP)?

 

When researchers began to assemble what would become the “network of networks” on January 1, 1983 the modern internet was born, along with the ability to seamlessly collaborate. Indeed, individuals and organizations alike have benefitted from collaborating in a trusted manner, leveraging data openly through vast interconnected networks of systems.

Organizations today place an enormous amount of trust in their employees to safeguard critical data and intellectual property when collaborating or working remotely, often with the expectation that they will be able to recall their cybersecurity training.

However, the threat landscape is ongoing and ever evolving. Cybersecurity resilience for many organizations is the difference between success or failure. Security threats can include everything from spear phishing emails, extortion via ransomware, banking malware, advanced persistent threats and unauthorized access to non-public intellectual property and sensitive client data.

A Cisco special report revealed that 53% of small to medium sized businesses have experienced a data breach with more than half of those attacks resulting in more than $500,000 worth of damages -more than enough to place many SMBs out of business within a year. By 2021, combating cybercrime will cost businesses globally more than $6 trillion annually and there will be 3.5 million security jobs unfulfilled according to Cybersecurity Ventures.

So how should organizations address the skills shortage, identify risks and mitigate against them. The answer is with a managed security service provider.

What is a managed security service provider (MSSP)? An MSSP provides outsourced cybersecurity monitoring and management of security devices and systems. Common services include virus and spam blocking, intrusion, detection, firewalls and virtual private network management. MSSPs not only identify risks but automatically mitigate them. This allows you to get ahead of a data breach and minimizes the need for human intervention.

In addition to peace of mind, an MSSP offers numerous COST SAVINGS. For example, acquiring in-house cybersecurity staff can be expensive and time consuming. When hiring security experts, companies must also invest in their training and education to keep them up to date on the latest technologies, threats and protection strategies.

MSSPs provide an array of specialized security experts at a fraction of the cost and with enhanced proficiency. MSSPs are more adept at security vigilance because they have greater visibility across the threat landscape supporting multiple accounts and locations.

Bermuda Microsystems Group has been a leading provider of IT managed services for over 22 years. With over 1,000 devices monitored and managed islandwide we maintain the breadth and knowledge needed to keep your organization secure. We offer an end-to-end service that outsources security monitoring and remediation. Not sure where to start? Speak with us today about a cybersecurity assessment for your organization.