A managed security service is a service that takes care of several cybersecurity-related tasks, such as detecting breaches and minimizing damage. This includes 24/7 monitoring of the information systems in a company, patching software and re-updating hardware. It also involves monitoring suspicious activity and analyzing logs to ensure that data is protected from cyberattacks. MSSPs are typically third party providers that have the ability to offer more advanced capabilities than an in-house team. They can assist businesses add specialized cybersecurity skills and save money by not having to hire full-time staff. They also can reduce the risk of fatigue and stress among in-house teams through automated incident response.

The most secure security providers can detect and address threats early, before they can cause major damage to the organization. This is done by continuously monitoring the behavior and patterns of hackers and malware. These insights are used to defend weak areas of a network and to spot potential intrusions. This will prevent or at the very least reduce the impact of a breach, and ensure that stolen data is retrieved.

It is essential to choose a security system that is managed and is suited to your specific business needs. Ask vendors about the services they offer, what they charge and what warranties they offer. For example, some companies offer a flat-rate for security assessments; others use a tiered system in which certain volumes of data are offered for free and larger amounts are charged extra. You should also be aware of what’s included in your annual or monthly subscription to an MSSP.