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Cybersecurity Insiders along with AlienVault recently released the 2017 Cybersecurity Trends Report with a highlight on the benefits, challenges, and trends of using a Managed Security Service Provider (MSSP).

According to the report, “Our research shows that about half of organizations deploy a mix of in-house and outsourced IT security. Companies turn to outsourced and managed security services providers to alleviate the pressures they face, such as assessing and remediating against new types of attacks, protecting their organization against data theft, and addressing skills shortages and filling
resource gaps.”

“Managed security services are provided by a third party (MSSP) on behalf of the client, including 24/7 network monitoring and management of security controls, overseeing patch management, and responding to emergencies.”

Key Survey Findings

  1. The predominant driver for organizations to consider managed security services is lack of internal security resources and expertise (39%) to cope with the growing demands of protecting data, systems, and applications against increasingly sophisticated threats.
  2. Security expertise (71%) is by far the most critical capability organizations look for in MSSPs, followed by cost (54%) and breadth of capabilities (50%).
  3. The most requested security capabilities offered by MSSPs are security monitoring (54%), event correlation and alerting (52%), and intrusion detection and prevention (IDS/IPS) (49%).
  4. Sixty-five percent of organizations confirm they achieve a better security posture through partnering with a managed security provider.
  5. About a third of organizations predict a budget increase for managed security services over the next 12 months.

Why Managed Security

The predominant driver for organizations to consider managed security services is lack of internal security resources and expertise (39%) to cope with the growing demands of protecting data, systems, and applications against increasingly sophisticated threats. This is closely followed by a desire to reduce the cost of security (36%), moving to continuous 24/7 security coverage (31%), improving compliance (27%), and increasing the speed of response to incidents (19%).

Improved Security with MSSPs

Sixty-five percent of organizations confirm they achieve a better security posture through partnering with a managed security provider. Improved quality of protection (52%), accuracy (43%), and regulatory compliance (36%) round out the top four benefits.

Read more at Cybersecurity Insiders. 

Find our more about our Managed Security Service

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