Seceon Advantage for Managed Security Service Providers (MSSPs) – Part I Santanu (Shaan) Bagchi | August 12, 2021 Tags: aiMSSP | aiMSSP Datasheet
Over the past few years, we’ve seen numerous cyber threats, breaches and attacks impacting industries of all types – Financial Services, Manufacturing, Retail, Energy and Utilities, Healthcare, Automobile, Aviation and many more. With rampant digital transformation of business artifacts, along with integration across various entities (partners, suppliers, customers, contractors), attack surface area has opened up increasingly. Secondary focus on IT Security has often fallen short of slated objectives. From a manageability standpoint, the problem has been fuelled by… 1.) Shortage of Security Analysts 2.) Lack of defence in-depth cybersecurity solution 3.) Abundance of noisy alerts Also, the mounting cost of additive components – IDS/IPS, SIEM, SOAR, Threat Intelligence, UEBA, EDR, Vulnerability Management and Network-based Detection – have kept CISOs and CIOs under tremendous budgetary pressure. Combining all these factors, it is no surprise that MSSPs are leveraging Seceon’s Advanced SIEM (aiSIEM) and XDR (aiXDR) products to deliver all-in-one solution at an affordable cost with low-touch manageability and threat detection accuracy through Managed SOC, SOC-as-a-Service and MDR (Managed Detection and Response).
Market Expansion requires Uniformity, Scale and Affordability Considering the proliferation of internet with tons of information, infomercials, infotainment, e-commerce, messaging, streaming videos and all other things (IOT) penetrating urban, semi-urban and rural societies globally, we unanimously realize the phenomenal power of uniformity, scale and affordability within geographic regulations and policies. Along the same lines, preserving safety and security of all the digital assets requires similar consideration. With the MSSP market expected to grow from $30.6B in 2020 to $46.6B in 2025 (Source: MarketandMarkets Global Forecast), expanding the customer base from Small-Medium Businesses to Medium and Large Enterprises, would increase the likelihood of MSSP’s growth through the coming years of opportunity.
1.) Uniformity Matters: Managed Security solution should offer comprehensive capabilities to organization of all sizes as the nature and severity of threats (Ransomware, Malware, Brute-Force Attacks etc) impacting SMBs and Enterprises are quite similar. 2.) Scale Matters: MSSP SOC should be able to scale with a delivery platform (cloud or on-prem) that processes threat indicators from a handful of devices and applications to hundreds and thousands, without any hit on performance and analytics. 3.) Affordability Matters: Despite budgetary constraints, the cost of solution and service should be well within reach of SMBs as it linearly increases with the number of devices, endpoints and users.