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According to IBM, the average cost of a data breach is $3.86 million. Indeed, the impact of poor data management has caused significant damage in the enterprise over recent years.
Businesses from all industries have lost consumer trust, as well as thousands in profits because they failed to implement the right security standards. It is therefore no surprise that managed security service providers are growing increasingly popular.
Managed security service providers or “MSSPs” can provide organisations with the protection they need. So, which are the top MSSPs that augment and enhance the internal security strategies of modern brands?
Finally, it is no surprise that Symantec comes out ahead of many MSSPs this year as one of the world's leading technology companies. Indeed, Gartner positioned the company highest in execution and vision in the leader's section of their 2018 endpoint protection Market Quadrant.
Furthermore, Symantec has been a Gartner Magic Quadrant leader for 11 years in a row for Secure Web Gateways. It's hard to find another brand with accolades as impressive as that. For their MSSP offering, Symantec provides 24/7 advanced threat monitoring, instant incident response services, retroactive log management, deep sight intelligence and a range of other solutions.
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Trustwave is one of the most respected MSSPs on the market, named a leader in the Gartner quadrant for MSSPs two years in a row. This year, Trustwave also climbed higher on the list of marketplace leaders for their vision and ability to execute.
The company provides threat and vulnerability management, network security, endpoint security, and application management. Their complete portfolio covers everything from initial risk assessments, to making sure that your business is compliant with PCI regulations. Trustwave also specialises in vulnerability management, with application and firewall scanning, network testing, and consistent SSL service lifecycle support.
DXC Technology is a disruptive technology company helping modern enterprises make the shift towards digital practices and the cloud. When it comes to MSSP protection, DXC offers a vast portfolio of integrated solutions, including risk management, endpoint security, intelligent security operations infrastructure, and data protection.
DXC also specialises in identify and access management, and threat and vulnerability protection too. IDC believes that DXC offers one of the most robust security portfolios in the world today. The IDC Managed Security Report for 2017 named DCX a "leader" in MSSPs.
IBM Managed Security Services
IBM is a tech industry leader that appears on virtually every list of the top MSSP providers today. The IBM brand benefits from an extensive history in the security industry, which they use to power their wide range of services, including firewall management, network protection, information event management and more.
IBM's MSSP solutions also include data protection services, security intelligence analysis, and unified threat management. Moreover, companies can access a customisable and robust solution for safeguarding critical data and providing customers with peace of mind.
One of the things that set SecureWorks apart from the crowd in the MSSP industry is their approach to privacy and protection. They claim to not only make their clients safer but "smarter" too. The main service SecureWorks offers is a managed firewall, which comes with expert guidance and protection.
In 2018, SecureWorks made the list of "leaders" in the market according to Gartner, thanks to a decade of experience in detecting, responding to, and preventing potential threats. Another great thing about SecureWorks is how adaptable their service is. Customize your experience to suit you!
BAE Systems is a leading supplier of security, intelligence and cyber solutions to government agencies and other companies around the world. According to the website, the BAE systems organisation supports enterprises through complete security monitoring; this includes managed detection and instant responses to potential breaches.
BAE systems also offer endpoint detection, monitoring, and response, business defence assessments, and security event monitoring. For companies that need help with compliance, there are full compliance audits available too.
AlertLogic is an MSSP that provides users with a security platform, up-to-date threat intelligence, and round-the-clock expert defenders to protect against potential attacks. According to the brand, they can deliver always-on security coverage for the enterprise, with compliance strategies, and automatic detection of suspicious activities.
Now that a cyber attack occurs every 39 seconds, it makes sense to have an MSSP partner that can protect you at all times. Users can thus receive up-to-date alerts on what is happening in their enterprise network.
NTT Security combines professional security services with incident response solutions in their MSSP project. A managed endpoint detection and response system is also available through NTT's partnerships with CounterTrack, FireEye, and Carbon Black.
NTT security also protects organisations through security consulting, advanced intelligent technology, and endless new enhancements delivered by 7 R&D centres and 10 SOCs. NTT even publishes its own blog to keep customers up-to-date on the latest happenings in the privacy and compliance sectors.
In an era of constant exposure to risk, businesses like Wipro offers companies the chance to tap into a wide range of "cyber defence platforms." According to Varonis studies, 30% of companies have 1,000 or more sensitive folders open to the public.
Wipro thus helps users access better insights into security measures and create a defence system against obvious and more sophisticated threats. Services offered include unified threat management, identity, access management, managed authentication, and compliance reporting.
Known for their telecommunications achievements, Verizon makes it easy to integrate solutions for an end-to-end security program. The company works with its clients to identify possible vulnerabilities, and design cybersecurity solutions that address individual needs.
The Verizon MSSP solution comes with access to features like round-the-clock expertise, data analysis, log management, and in-depth trend inspection. Verizon also offers a range of AI-driven monitoring and analytics opportunities too.