Due to the closer interconnection of data, global GDP has increased by at least 10% over the past decade. There are more dependencies in the digital space, which increases the likelihood of incidents. This further proves cybersecurity's importance for individuals, businesses, and government agencies.

Reliable cybersecurity usually requires resources: money, time, and effort. But the modern world is so dynamic that everyone needs protection, here and now. That's why businesses choose MSSP services to save time and money.

Let's examine MSSP in this article. Who is suitable for it, and what are the advantages of this approach?

What is an MSSP + 5 most popular types of services

A Managed Security Service Provider (MSSP) is a company that provides cybersecurity services to other organizations by managing and monitoring their IT infrastructures continuously. With an MSSP, you can use specialized knowledge and expertise, benefit from cost efficiencies, and achieve scalability while improving your security posture.
Here's what you can typically get with this kind of cybersecurity outsourcing:

  • 1

    Real-time security monitoring and management. MSSPs monitor network activity and can detect threats, cyberattacks, or data breaches.

  • 2

    Management of firewalls and intrusion detection systems. MSSPs can configure, update, and maintain these security systems to protect against unauthorized access.

  • 3

    Incident response.MSSPs have specialists who respond to security incidents and help organizations minimize damage and eliminate threats.

  • 4

    Vulnerability management. Providers of these services regularly scan systems and assess security to identify potential weaknesses.

  • 5

    Update and patch management. MSSPs ensure the necessary software updates and patches are installed to reduce the risk of exploits.

5 benefits you'll get from an MSSP-based SIEM

Security Information and Event Management (SIEM) is a solution that helps organizations detect, analyze, and remediate security threats before they can disrupt business operations.

SIEM combines security information management (SIM) and security event management (SEM) tools into one solution. It helps you better manage your security posture, and most importantly, you can get SIEM using an MSSP model.

What you get from an MSSP-based SIEM:

1

Expertise and specialization

MSSPs provide comprehensive security services, protecting many organizations from various threats. This gives them a unique experience. Qualified MSSP teams keep pace with security technologies, allowing your company to leverage expertise without building an in-house security team.

2

Detecting and responding to threats

MSSP teams use the latest real-time threat detection tools to monitor your company's networks, systems, and applications. By examining logs, events, and traffic patterns, MSSPs can detect insider threats and identify security incidents, responding quickly.

3

24/7 monitoring and support

Continuous monitoring is essential to effectively protecting your company from cybersecurity threats. MSSPs continuously monitor your organization's IT infrastructure and provide real-time alerts, immediate incident response, and support for security incident and event management (SIEM).

4

Cost-effectiveness

MSSPs provide access to advanced security technology and expertise at a more affordable price. Outsourcing security with an MSSP is a cost-effective alternative to building and maintaining your security infrastructure.

5

Compliance

MSSPs know the regulatory requirements and can help your company achieve and maintain compliance. They help with security controls, audits, and documentation for compliance assessments.

How to choose an MSSP: 8 selection criteria

To build a productive collaboration with an MSSP, consider these criteria when choosing one:

  • Understand your needs

    Before choosing an MSSP, it’s essential to assess your company's needs. Do you need to protect your entire IT infrastructure or just some components? This may include threat monitoring, incident response, vulnerability management, or regulatory compliance. For example, if your company operates in the financial sector, special attention should be paid to compliance with security standards (e.g., PCI DSS).

  • MSSP service portfolio

    Make sure the MSSP offers a wide range of services. Here are the most important ones: ● 24/7 security monitoring ● Incident management ● Compliance with security requirements But always consider your specifics.

  • Technology platform

    Evaluate the technological capabilities of the platform used by the MSSP. Preference should be given to MSSPs that use modern technologies, such as SIEM (Security Information and Event Management) for real-time data collection and analysis, or SOAR (Security Orchestration, Automation, and Response) solutions that automate security processes.

  • Experience and reputation

    Check the MSSP's reputation in the market. Read customer reviews and case studies, and pay attention to their experience in the cybersecurity industry. Choosing a provider with a reliable reputation reduces risks. It's also important to consider the MSSP's expertise in your specific industry (e.g., healthcare or finance), as different industries have specific security requirements.

  • Scalability and adaptability

    Pick an MSSP that can scale its services as your company grows. Solutions should be flexible to fit companies of different sizes.

  • Transparency and reporting

    Make sure the MSSP offers a transparent reporting system. You should receive regular security and incident reports and be able to monitor your company's security key performance indicators (KPIs).

  • Price and cost of services

    Compare the cost of services from different MSSPs, but don't select the cheapest option. The price should correspond to the quality and level of services provided. Carefully study the services included in the tariff and ensure the price covers all your fundamental needs.

  • Integration with existing systems

    The MSSP should be able to integrate seamlessly with your existing IT infrastructure and support the security solutions you already use.

Logsign's unified approach to MSSP cybersecurity services

As a trusted cybersecurity partner, Logsign offers an affordable combination of cybersecurity, structured incident response, and extensive knowledge. This includes Logsign Cyfusion, a one-stop solution for MSSPs to centrally manage security incidents.
Logsign is a hub for various aspects of MSSP operations, including security strategy, SIEM, threat intelligence, user and entity behavior analysis (UEBA), and threat detection and incident response (TDIR).
Logsign's unique features enable effective threat management and response while reducing the workload of security teams.

Features of the Logsign Unified SecOps Platform

    Incident management: centralized monitoring and response to security incidents
    Security analytics: Monitor service health in real-time for effective cybersecurity operations
    Centralized management: efficiently manage client environments
    Health check monitoring: track critical events from a single dashboard
    Automation and orchestration: automate incident response
    Incident response: investigate and respond to incidents from a single hub, and communicate actions quickly

With Logsign MSSP solution, you can take advantage of flexible pay-as-you-go pricing, joint marketing, proactive assistance, access to courses and certifications, and more.
Logsign combines threat management and investigation, rapid data discovery and response, advanced data analytics, insider threat detection, incident triage, digital forensics, integration with MITRE ATT&CK and Cyber Kill Chain, and risk assessment.

Conclusion

Outsourcing cybersecurity to an MSSP can bring significant benefits to your organization. By implementing a customized cybersecurity system, the MSSP approach minimizes the risk of cyberattacks, downtime, and financial losses.
Logsign offers a complete solution for your cybersecurity needs and a unified platform to deliver security to your organization. Logsign's experience and proactive approach protect your company from cyber threats and continuously monitor your network without additional integration.

Contact us for a consultation to create a safer and more secure digital future today!