Managed security services (MSS) are considered the systematic approach to managing an organization's security needs. The services may be conducted in-house or outsourced to a service provider that oversees other companies' network and information system security. Functions of a managed security service include round-the-clock monitoring and management of intrusion detection systems and firewalls, overseeing patch management and upgrades, performing security assessments and security audits, and responding to emergencies. There are products available from a number of vendors to help organize and guide the procedures involved. This diverts the burden of performing the chores manually, which can be considerable, away from administrators.
Early History of Managed Security Services:
An early example of a cloud-based MSSP service is US West! Interact Internet Security. The security service didn’t require the customer to purchase any equipment and no security equipment was installed at the customer’s premises. The service is considered a MSSP offering in that US West retained ownership of the firewall equipment and the firewalls were operated from their own Internet Point of Presence (POP)The service was based on Check Point Firewall-1 equipment. Following over a yearlong beta introduction period, the service was generally available by early 1997. The service also offered managed Virtual Private Networking (VPN) encryption security at launch.
Managed security services for mid-sized and smaller businesses:
The business model behind managed security services is common place among large enterprise companies with their IT security experts. The model was later adapted to fit medium-sized and smaller companies (SMBs - organizations up to 500 employees, or with no more than 100 employees at any one site) by the value-added reseller (VAR) community, either specializing in managed security or offering it as an extension to their managed IT service solutions. SMBs are increasingly turning to managed security services for a number of reasons. Chief among these are the specialized, complex and highly dynamic nature of IT security and the growing number of regulatory requirements obliging businesses to secure the digital safety and integrity of personal information and financial data held or transferred via their computer networks.
Outlook of the global managed security services market:
Technavio’s market research analyst predicts the global managed security services market to grow steadily at Annual Growth Rate of nearly 12% until 2020. The high adoption of managed services due to their high convenience and service quality assurance for end users will result in this market’s growth during the forecast period. Additionally, benefits like its ability to reduce the IT budget and to provide high levels of responsiveness, and ensure quick fault resolution will augment the adoption of managed security services until the end of 2020.
In recent times, it has been observed that the changing aspects of businesses have prompted organizations worldwide to overhaul their existing business models and infrastructure. Security services support the growth of a company by optimizing their business processes and improving their operational efficiency. Since these services offer high-level security for sensitive or confidential information, their demand from SMBs will increase rapidly during the forecast period.
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Here are the steps to take.
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