Guide To Maturing Your MSSP
Guide To Maturing Your MSSP
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ResearchAndMarkets.com, “Managed Security Services Market by Deployment Mode, Enteprise Size, Application, and
Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030,” March 2022.
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Enter MSSPs — in many cases considered one-stop shops for all things
security. Here are five reasons why global organizations partner with
MSSPs:
Comprehensive protection
Expertise
Today’s organizations are competing for top talent, yet aptitude alone offers no guarantees. In fact, organizations
must provide security training to keep staff and customers up to date on new cyber threats and how to swiftly detect
and deter them — or risk falling victim to sophisticated attacks. Organizations must comply with local, federal and
international data security laws and teach staff and customers about these mandates as well. And if an organization
experiences a data breach or even a potential breach, it must notify all affected stakeholders and revamp its security
training programs and protocols accordingly.
MSSPs hire security experts who understand what it takes to protect an organization, with many offering around-
the-clock guidance and monitoring. Also, MSSPs typically provide in-depth training to keep employees up to date on
threats.
Cybercriminals will only grow more sophisticated as exemplified by their use of advanced technology like artificial
intelligence, evasive techniques that are difficult to detect, new data exfiltration features and attack methods involv-
ing multiple phases and platforms.
Through breach investigations, threat intelligence feeds, telemetry captured from their security technologies and po-
tentially in-house research, MSSPs are privy to exponentially more information than their clients would have without
them. Specifically, they have a greater and more nuanced understanding of the attack landscape because they are
exposed, in some cases, to thousands of different customer networks and engage with all of their security incidents.
State-of-the-art technology
Every organization is different, and there is no one-size-fits-all technology stack to accommodate their security
requirements. Meanwhile, not all technology is created equal, and identifying the right strategy for an organization
can be challenging.
Differentiating one service or solution from another is rarely simple, and buyers lacking internal capabilities can
sometimes find themselves in a situation in which a purchase quickly becomes so-called shelfware because they
are unable to successfully deploy it. Thanks to MSSPs, organizations can adopt best-in-class security technologies
to protect their systems and meet compliance requirements.
An MSSP can perform an audit to identify an organization’s cybersecurity gaps and offer personalized technology
recommendations. Then, an MSSP can deliver services that work seamlessly in conjunction with an organization’s
existing security tools.
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Cost savings
The average security professional in North America earns an annual salary of about $91,000.3
But a global shortage of practitioners often makes it difficult for a small organization to
generate interest from top talent — or, the organization may need to reallocate funds from its
limited operating budget to meet the salary requirements of top cybersecurity talent.
Let’s not forget about the costs of office space, training and benefits for in-house security
professionals, either. These costs add up quickly, and they sometimes prevent small
organizations from getting the help they need to combat cyberattacks.
Time savings
Security can be cumbersome, particularly for an organization with limited time at its disposal.
For instance, an organization must find the right technologies based on its budget and IT
requirements. The organization must also implement these technologies and teach employees
how to use them. After the process is complete, an organization may still experience a data
breach or some other security incident if it does not maintain and update its security solutions.
The time it takes to recruit, hire and train security personnel can be significant, too. It may
take many weeks or months to identify top talent and onboard new personnel. Furthermore,
an organization will need to educate this incoming staff about how its program functions and
provide access to various systems and data.
Flexibility
A notable draw of MSSPs is they do not have to handle all of an organization’s security. So-
called hybrid models permit a company to contract with an MSSP and still retain its own
team of infosec professionals. Perhaps a business wants to offload its mundane and tedious
security tasks (for example, logging and firewall management) to a third-party so it can instead
concentrate on more strategic, revenue-generating security projects. On the flip side, maybe an
organization lacks the requisite in-house talent. In that case, they may turn to MSSPs to help
address the more complex disciplines they desire, such as threat hunting and incident response.
Or an organization may call in an MSSP simply for part-time work, such as off-hours threat
monitoring.
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MSPs help organizations bridge technology gaps and perform routine IT tasks related to networks, servers
and applications. If they venture into the world of security, it is to perform basic duties like installing firewalls
or anti-virus. But as more companies embrace digital transformation, the number of MSPs has increased
globally. At the same time, these providers have explored new opportunities to enhance their portfolios, driv-
en by the demand for more advanced security amid an ever-widening security skills chasm.
The number of MSPs transitioning to MSSPs is growing, and they are doing it for three big reasons:
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MSSPs can become the experts, if they dedicate the time and resources to perfect their craft. Because if MSSPs
understand the ins and outs of cybersecurity, they can impart that knowledge to clients. MSSPs can then identify
IT infrastructure and security challenges simultaneously and deliver positive outcomes that far exceed those pro-
vided exclusively by an MSP.
Operating in the managed security services marketplace may
seem overwhelming — if an MSSP makes even a single mistake
in its efforts to deliver security services, it risks brand reputation
damage, revenue losses and compliance penalties. But these
What
impediments can be overcome if an MSSP understands the chal-
lenges from the onset. Some of the most common impediments
MSSPs face?
Talent recruitment and retention
Global organizations are struggling to recruit and retain
top security talent, and MSSPs are dealing with the same
issue. To address this problem, MSSPs should prioritize
internal cyber training. MSSPs can develop training pro-
grams to teach employees about different technologies.
With a training program in place, certain MSSPs may be
better equipped than their industry rivals to attract and
retain talent too. Later on in this white paper, a section
is devoted to the type of industry certifications MSSP
security analysts should consider obtaining, making them
more attractive for prospective clients.Look for gaps in
your detection use cases, especially gaps that exist due to
inability to collect and retain telemetry data.
Increasing Competition
Once upon a time managed security was merely an
emerging trend, and there were limited options for orga-
nizations that wanted to outsource their security. Today,
managed security services are in high demand, and
organizations have many options as they search for out-
sourced support.
Here are some baseline reccomendations for how MSSPs can set themselves up to stand apart from the crowd:
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A Checklist of Services
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A Checklist of Services
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Provide References
□ Ask past customers to serve as references
□ Verify customer reference contact information and the best way to reach them
□ Create a customer reference list and offer the list to prospects
□ Update the reference list regularly
A Checklist of Services
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What security
services should
MSSPs integrate into
their portfolios?
to protect organizations against new and emerging threats, address
the shortage of skilled security professionals and manage growing
attack surfaces. Multiple security services are available, and decid-
ing which ones to provide is pivotal for an MSSP to make headway
in the global market. Here is a look at some of the top services that
MSSPs should seriously consider integrating into their portfolios:
Network Security
Network security services protect an organization’s computer net-
works and data. They leverage hardware and software technologies,
including firewalls and intrusion prevention systems, to stop threats
from penetrating or spreading across networks and manage network
access. Today’s networks extend beyond the traditional perimeter
and into the cloud, so you will need technlogies that can address and
respond to these threats.
4
Fortune Business Insights, “Network Security Market Size, Share and COVID-19 Impact Analysis,” April 2022.
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Log management and SIEM tools may sound similar, but there are
notable differences between the two. With log management, log
files are collected and stored from applications and systems across
different hosts and systems. SIEM goes a step further than log
management because it includes all security products and software
across an organization. So, an organization can use SIEM as a single
tool to view and analyze all activity across its security products and
software — that is, if the organization deploys and manages its SIEM
correctly.
Chronicle SIEM
Chronicle is Google’s cloud-native SIEM platform built on the power
of Google infrastructure combined with Google’s threat intelligence
insights. Chronicle delivers modern threat detection, investigation,
and response at unprecedented speed and scale, and at a disruptive
and predictable price point. The recently announced Chronicle MSSP
Program offers MSSPs around the world the ability to provide scal-
able, differentiated, and effective detection and response capabilities
with Chronicle SIEM.
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Brandessence Market Reserach, “Security Information and Event Management Market Size,” February 2022.
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• Limited Downtime: MSSPs can prevent server outages caused by cyber attacks.
• Proactive Security: Protection extends beyond firewalls and anti-virus software to
limit data breaches.
The global EDR market is projected to expand at a compound annual growth rate of 23
percent between 2020 and 2025 and could be worth more than $4.5 billion by 2025.6
Threat hunting, meanwhile, allow an MSSP to search customer networks and endpoints
to detect indicators of compromise (IoCs) and threats that evade existing security
systems.
6
Mordor Intelligence, “Endpoint Detection and Response Market - Growth, Trends, and Forecast (2020 - 2025).” December 2019.
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The challenge of too many alerts, an explosion in security tools that rarely work together, a dependence on manual
processes and an existential in-house talent shortage is helping to drive robust growth for SOAR. And these challeng-
es are only exacerbated within MSSPs, compared to enterprise end-users, leading to higher customer acquisition cost
and lower margins.
With a SOAR integrated into your security architecture, alerts will flow automatically into a process where they can be
analyzed and actioned upon with little to no human intervention. An appropriately deployed SOAR solution will also
speed the process once a full investigation begins. By building workflows into the SOAR, also known as playbooks or
runbooks, analysts tasked with performing the full investigations will have all the data they need at their fingertips with
minimal effort.
Chronicle SOAR
The cloud-native Chronicle SOAR enables modern, fast, and effective re-
sponse to cyber threats by combining playbook automation, case manage-
ment and integrated threat intelligence in one cloud-native, intuitive experi-
ence.
Designed for fast time-to-value and ease of scaling with pre-packaged use
cases, an intuitive playbook builder, and powerful playbook lifecycle manage-
ment.
Empower teams to consolidate and easily see the scope of activities, gener-
ate insights that drive improvement, and measure progress over time.