How managed security services saves your business money

How managed security services saves your business money

Keeping up with cyberthreats can be a daunting and costly task, but failing to do so costs even more, and could spell the end of your business. The good news is, managed security services (MSS) offer a strategic and cost-effective solution to these challenges. For a fixed monthly fee, businesses get specialized expertise, advanced tools, and continuous network monitoring.

When evaluating the return on investment, MSS provides substantial value from reduced security risks, improved compliance, and faster incident resolution. Here’s a breakdown of how MSS saves your business money.

Cost Savings from Reduced Security Risks

One of the primary benefits of Managed Security Services is the significant reduction in security risks you experience overall. MSS accomplishes this in a variety of ways, including:

Economies of Scale

Managed Security Services leverage economies of scale to provide high-quality security services and tools at a lower cost. By serving multiple clients and spreading the cost of expensive security tools and infrastructure across multiple clients, MSS providers can offer you more affordable solutions.

Proactive Threat Detection and Prevention

MSS providers utilize advanced tools and technologies to continuously monitor your network for potential threats. Their services include:

  • 24/7 Monitoring: Continuous monitoring ensures that any suspicious activity is detected and addressed immediately, reducing the likelihood of a successful attack.
  • Advanced Threat Detection: Real-time monitoring and automated threat detection enable you to identify and respond to emerging threats before they cause significant damage.

Without MSS, your team would have to monitor systems around the clock, which costs your business a lot of time and money.

Access to Expertise

MSS providers employ teams of experienced security professionals who stay up-to-date with the latest threats and best practices. You get the benefits of an enterprise-grade security team at an SMB-friendly price.

  • Rapid Incident Response: MSS providers have security teams on standby, ready to respond to any security incident and minimize the potential harm to your business.
  • Security Assessments: Regular security assessments and vulnerability scans ensure your network security remains strong in the face of evolving cyberthreats.

Improved Compliance

If you are beholden to data security regulations such as PCI DSS, GDPR, or HIPAA, your security measures and policies must be in compliance to avoid hefty fines and maintain customer trust. MSS providers make it easy for you to achieve and maintain compliance through the following ways:

Regulatory Expertise

MSS providers have a deep understanding of various regulatory requirements and can ensure your business complies with relevant standards. For starters, they perform regular compliance audits and assessments to identify gaps in your security posture that may prove to be a noncompliance risk. MSS providers will then assist in developing and implementing security policies, procedures, and measures to help you meet regulatory requirements.

Documentation and Reporting

Maintaining detailed records and documentation is essential for demonstrating compliance during audits. MSS providers achieve this with:

  • Automated Reporting: Providers will instantly generate comprehensive reports on security activities, incidents, and compliance status.
  • Audit Support: They provide the necessary documentation and support during an audit.

Faster Incident Resolution

Quickly detecting and responding to security incidents is crucial for minimizing damage to your infrastructure and reducing recovery costs. MSS provides rapid incident response teams.

Quickly detecting and responding to security incidents is crucial for minimizing damage to your infrastructure and reducing recovery costs. 

MSS provides a dedicated incident response team to ensure that security incidents are handled efficiently and effectively. The service provider will quickly identify the source of an attack, contain the threat, and begin remediation efforts. 

They also conduct root cause analysis to understand the nature of the attack and identify the vulnerabilities that led up to the security incident. Based on these findings, MSS providers will recommend and implement appropriate security measures to prevent the same incidents from happening again.

If your DC Metro Area business needs expert managed security services to prevent devastating data breaches but are operating on a restricted budget, contact outsourceIT today. We’ve got over 20 years of experience delivering enterprise-grade security solutions to businesses of all sizes and industries. Our top-tier solutions and services will keep you secure while providing peak ROI.

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