All You Need To Know About Hiring MSSP

All You Need To Know About Hiring MSSP

July 2, 2019 0 By Athena Campos

As a business owner, your first priority should be protection against cybercriminals. As a business owner, it is your mission to engage with customers. They are, after all, what brings in the money, so it’s smart to have the customers’ best interests at heart.

Nowadays, businesses of any caliber face similar problems in terms of cybersecurity. It is not a popular practice to have in-house IT teams that focus on the issues of IT. Nowadays, businesses employ IT service providers that take care of all of their IT needs. But one very important part of IT servicing is cybersecurity.

All You Need To Know About Hiring MSSP


What is an MSSP?

An MSSP is a Managed Security Services Provider and it is a type of IT service that solely focuses on protecting your business from cybercriminals. With MSSP, you are effectively adding an additional layer of security on top of your existing one. A lot of businesses outsource their cybersecurity needs to MSSPs that help preserve the integrity of their business. MSSPs help generates new policies for your business and it also keeps you up to date with the latest compliances. MSSP also tests your existing IT struggles and it creates new solutions, as well as, providing 24/7 system monitoring.

Why Do You Need an MSSP?

According to Steadfast Solutions, a cyber attack occurs every 40 seconds, and it doesn’t matter whether your business is big, medium, or small. Companies with in-house IT teams are under constant pressure to run security tasks, which prevents them from focusing on other projects. By outsourcing your cybersecurity needs to an MSSP, you are relieving your IT department to focus on other projects in the IT world. Cybersecurity is not easy and it definitely requires an experienced set of hands to handle cybercriminals. According to the University of Maryland, 98% of all cybersecurity breaches are caused by human error. So instead of making yourself vulnerable to cyber threats, why not employ an MSSP to take care of all of your cybersecurity threats?

What Type of MSSP Plan do I Need?

The type of MSSP plan depends on the size of your company or business. Typically, an MSSP offers businesses different plans on different, affordable, monthly rates. For a company of 20 employees, it is best recommended to employ a SIEM plan (self-managed security information and event management tool). This plan gives you 1 full-time IT staff and 2 servers. However, this plan costs a total of ~$350,000 annually. Some MSSPs will offer better protection for less money. The lowers any MSSP will offer a SIEM plan is for $8,000 a month, which ranks up to a total of ~$270,000 annually.

All You Need To Know About Hiring MSSP

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Important Features to Look For

• Threat detection & Responsibilities

A very important feature is the threat detection & responsibilities which identifies and mitigate network threats in real-time. This feature is closely monitored by security personnel and it gives our real-time information on any potential cybersecurity threats, as well as, their prevention.

• System Performance Monitoring

This feature oversees IT performances across the entire IT network in around your business.

• IT Incident Management

The IT incident management feature ensures that your network security operates accordingly across all operating levels of your business.

• Real-Time Event Correlation

Similar to the threat detection & responsibilities, this feature instantly identifies potential threats and risks to a business.