One of the most common misinterpretations among SMBs is that they are less likely to be targeted by cybercriminals. Most of them believe that large scale enterprises are the center of attraction for threat actors. Unfortunately, this belief is completely overruled by the attackers. They have realized that a majority of small businesses possess a large attack surface, do not have sufficient security controls in place, and lack dedicated in-house IT & cybersecurity professionals. This makes SMBs more prone and an easy target to cyber-attacks. Moreover, the growing implementation of advanced technologies like Cloud & IoT creates ample opportunities for cybercriminals to exploit the vulnerabilities in the security posture and cause financial and reputational damage to the enterprises.
Recent findings indicate that:
Sources: Verizon 2020 DBIR, 2018 State of Cybersecurity in Small & Medium Size Businesses, Cybint – 15 Cyber Security Facts and Stats
Why MSSPs?
SMBs can optimize their security ecosystem, fill the existing gaps in cybersecurity and meet the compliance and regulatory requirements by employing a Managed Security Service Provider (MSSP). One can define an MSSP as a third-party vendor who helps organizations in monitoring and management of IT networks, security devices and systems, and keeping security infrastructure up-to-date. It delivers a multitude of services including managed firewall, virtual private networks, intrusion detection, network threat detection, managed UEBA, vulnerability scanning, etc. using their 24/7 available Security Operations Centers (SOCs).
Some of the key security services offered by MSSPs include (but not limited to):
An MSSP assists businesses to proactively detect, respond and eliminate threats, and transform the overall cyber defence. By outsourcing an MSSP, SMBs can effectively cut down costs on hiring and training of new cybersecurity professionals.
Let’s have a look at some other benefits that SMBs can reap by outsourcing an MSSP:
In the age of rising cyber threat landscape, security is the topmost concern for every business across the globe. No industry is left untouched from growing cyber-attacks including ransomware, phishing, DDoS, etc. A proactive approach to cybersecurity using managed security services can help SMBs to reduce the exposure to cyber threats and strengthen their cyber defence.
Being a managed security service provider, the Cyber Security Practice of Tata Advanced Systems is dedicated to offering reliable and robust cybersecurity services to business of all sizes across verticals. From fraud management, security device management to security monitoring and threat intelligence services, we have a wide spectrum of services to protect your organization from cybercriminals looking to damage your brand reputation.
For more information, connect with us at contactcs@tataadvancedsystems.com