What Is a Managed Security Service?

A managed security service is an organized approach that a third party uses to manage the security requirements of a company. This includes managing firewalls, monitoring and managing intrusion detection and patch management, and upgrading, as well as performing assessments of vulnerabilities and penetration, responding to emergency situations, and providing reports. Managed security service providers are usually a cost-effective option for companies that are unable to afford to hire and support their own cybersecurity team or have limited capabilities in-house.

A security-focused MSP is a company that focuses on cybersecurity while IT service providers concentrate on IT operations. MSSPs offer monitoring of security for information and management 24/7 to help organizations detect and respond to cyberattacks. They usually utilize a high-availability operation center to provide services such as managed firewalls, intrusion detection virtual private network management security, endpoint threats detection and response, and vulnerability scanning.

An MSSP should be able to offer a custom service based upon an extensive understanding of the environment in which the business operates and security goals. Premium MSSPs provide 24/7 monitoring of threats, threat intelligence, and analysis of data. This allows them to detect threats and eliminate vulnerabilities that are critical to your security.

A MSP that focuses on security is also able to provide advanced endpoint detection (EDR) solutions and XDR solutions. XDR collects and monitors data from a variety of technologies like firewalls, intrusion detection and antivirus, next-generation firewalls and other devices for enterprises. It also provides centralized management and automation. The platform can detect new attackers by using multi-layered detection methods and gives insight into the entire attack area to prioritize and remediate any vulnerabilities.

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