Managed Security Service Providers - What do they offer?

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Ensure peak network protection with a managed security service provider

According to a report by IBM Security, the average cost of a ransomware breach is $4.62 million. At that cost, no one can afford to ignore cyber security, especially small to medium-sized businesses.

When a cyber-attack hits, businesses are on the hook for:

Immediate damages and repairs
Paying the rate a ransomer demands
Staffing customer service personnel to handle calls
Free or discounted products and services as compensation to customers
Fines from regulatory bodies, such as the General Data Protection Regulation (GDPR) and U.S. Securities and Exchange Commission (SEC)

No business should be left alone to deal with the aftermath of a cyber security breach. And that is why the best way to protect against a malicious attack is to plan ahead. Make sure your business isn’t at risk in the first place. In today’s digital world, it is imperative to have a reliable and secure digital infrastructure.

To help with your security journey, we have gathered three essential services you should expect from managed security service providers.

Essential services to consider when making a security choice:

Network Vulnerability Assessments

One service usually offered by managed security service providers is vulnerability assessments. This type of test focuses on your business’s network and identifies weak spots in your security configuration.

A network vulnerability scan will detect and classify any weak areas in your hardware devices, including hubs, switches, routers, and servers. This scan allows managed security service providers to design a comprehensive defense plan to protect your data and business.

After an assessment, your provider will supply a detailed document outlining their process and assessment checklist. Issues with your network security should be clearly outlined with specific resolutions that are tailored to your business and industry.

What kinds of problems could be highlighted?

Outdated programs and plug-ins that are susceptible to attacks
Missing malware protection engines
Sensitive information that is not encrypted
Unauthorized users that have access to system data

Once network weak spots are identified, a proficient security provider can help you swiftly resolve issues to better protect your organization’s data. Vulnerability assessments are typically conducted on a quarterly basis to stay ahead of threats and continually ensure your data is secure.

According to Ponemon Institute, the top three industries experiencing high cyber attack vulnerability are financial, healthcare, and education. This is where some of the most sensitive information lies and therefore where the most damage can occur. But no matter what industry, vulnerabilities must be identified before hackers can take advantage.

Managed Detection & Response

A third common service offered by managed security service providers is managed detection and response (MDR). This service is designed to help you detect and respond to threats quickly and effectively. MDR providers will monitor your systems 24/7/365 for signs of an attack. If an attack is detected, they will work with you to contain the damage and prevent the attacker from accessing your data.

However, MDR does not replace traditional cybersecurity solutions such as firewalls and antivirus software. Instead, MDR complements these solutions by providing an additional layer of protection. Small to medium-sized businesses can expect to benefit the most from enhanced security, as they are usually a prime target for cyber attacks. Hackers know small-medium businesses usually have fewer IT resources than larger businesses.

Cybersecurity Management

Another popular service that managed security service providers offer is cybersecurity management. A cybersecurity management engagement will help prevent hacking, theft, or damage of business data, software, and hardware.

Security experts will consider your organization’s size, budget, industry, and specific requirements to create a protection strategy. You should expect a security plan customized for your business that gives you just the right amount of support.

Why does your business need cybersecurity management?

Ensures compliance with data regulations to avoid fines
Saves time by letting the experts solve problems quickly
Saves money by hiring professionals on an as needed basis
Peace of mind knowing your business is protected

So, what kind of data is at risk of a cyber attack? Business networks house a variety of valuable information, such as credit card information, Social Security numbers, bank account credentials, and proprietary business information. The last thing you want is for that data to fall into the wrong hands.

Hackers know businesses are digitally connected to those in the same industry, which can prove lucrative to their criminal operation. All it takes is one weak link to bring a system crashing to a halt.

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You deserve end-to-end security visibility for your business

Here at Network Zen, you can leave the security concerns to us so you can focus on your business. When you work with a managed security service provider, you will have peace of mind knowing that your digital infrastructure and valuable data are protected.

Our team of gurus possesses the skill and expertise to implement and maintain network security for any facility. With a proven track record, industry certifications, and the ability to travel as needed, you’ll know you are in the right hands.

Looking to keep your business data safe from hackers? Reach out to our security gurus using the form above to find a custom solution that is right for you and your business.

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