You’ve been around the block long enough to know the importance of keeping your company’s sensitive information and digital assets secure.
And with the ever-increasing number of cyber threats, it’s vital to have a managed security service provider (MSSP) to protect your business from potential attacks.
But, with so many options out there, how do you choose the right MSSP?
In this blog, we will discuss some MSSP best practices that your chosen provider should follow to ensure that they are providing the highest level of security for your business.
Understanding the Prevalence of Managed Security Service Providers
Before getting into MSSP best practices and what to look out for in your MSP selection, let’s first define what exactly an MSSP is.
An MSSP offers comprehensive security solutions that protect your information and assets from a wide range of cyber threats. These threats can include malware, phishing attacks, and ransomware attacks, among others.
Managed security tools and services are so in demand that the market is expected to jump from USD 172.32 billion in 2023 to USD 424.97 billion in 2030, exhibiting a CAGR of 13.8% during the forecast period.
Image Credit: Fortune Business Insights
Let’s now explore some MSSP best practices to ensure you select the best provider for your needs.
MSSP Best Practices To Look Out For
1. Takes the Time to Understand Your Business Needs
A good MSSP should first take the time to understand your business needs.
This means that they should work with you to identify your business objectives and the specific security risks that your business faces. The MSSP can then use these insights to develop a customized security plan that aligns with your security goals.
Still unsure about how managed services and managed security service providers (MSSPs) compare?
Check out these additional guest blogs to learn about the key differences between an MSP and MSSP:
2. Conduct Regular Security Assessments
An MSSP should conduct regular security assessments to identify any potential vulnerabilities or weaknesses in your company’s security infrastructure.
This can include conducting penetration tests, vulnerability scans, and risk assessments. By doing this, the MSSP can proactively address any issues before they are exploited by cybercriminals.
CP Cyber can test:
- Internal Networks
- External Networks
- Wireless Security
- Assess Applications
- Perform Social Engineering
3. Stay Up-To-Date with the Latest Threats
The threat landscape is constantly evolving – with the cost of cybercrime predicted to hit $8 trillion in 2023.
It is essential that your MSSP stays up-to-date with the latest threats with a dedicated team for threat intelligence and monitoring that can identify and respond to emerging threats promptly.
Your provider should also invest in the latest technologies to ensure that they are adequately equipped to provide optimal security services to customers and help remediate threats.
4. Follow Industry Standards and Regulations
An MSSP should follow industry standards and regulations, including compliance with regulations such as HIPAA, PCI-DSS, and GDPR.
Compliance with these regulations demonstrates that the MSSP takes security seriously and has the necessary controls and processes in place to protect your company’s sensitive data.
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5. Provide Comprehensive Reporting
Comprehensive reporting is critical in ensuring that you understand the value of your MSSP’s services.
Your chosen MSSP should provide you with detailed reports on your company’s security posture, including any vulnerabilities or threats that they have identified.
Additionally, they should provide recommendations on how to mitigate those risks and improve your security posture with software upgrades, patches, design enhancements, and more.
6. Have a Clear Incident Response Plan
Despite taking all the necessary precautions, security incidents can still occur.
An MSSP should always have a clear incident response plan in place. This plan should outline the steps to be taken in the event of a security incident, including how to contain the incident, identify the cause, and restore services.
By having a clear incident response plan in place, your MSSP can significantly minimize the impact of a security incident on your business.
Gain a Trusted IT Partner with CP Cyber
By following these practices, an MSSP can provide you with a customized and proactive approach to security that aligns with your specific needs and goals and helps grow your business.
At CP Cyber, we pride ourselves on our commitment to these best practices, and we have the expertise and experience to provide our clients with the highest level of IT security.
CP Cyber conducts over 50 unique types of penetration tests that can help you assess the following:
- Internal Network
- External Network
- Application Assessment
- Social Engineering
- Wireless Security
With our cutting-edge technologies and dedicated team of security experts, we are confident that we are the best choice for your business – get started with your network assessment today!