To serve as technology consultants to our clients, we need to stay up to speed with the latest IT trends and solutions. To achieve that, our team of IT experts attends weekly training sessions. Our Tech Talks blog series offers a snapshot of these educational sessions.
The CEO of a multi-million-dollar manufacturing company was concerned about how a ransomware attack could impact his business and reputation. While the company had recently upgraded to new anti-virus software and next-generation firewalls, they lacked security policies and procedures as well as network visibility. If hackers exploited these weaknesses and successfully launched a ransomware attack, production could come to a standstill, costing the company hundreds of thousands of dollars daily.
The CEO turned to managed security services from our portfolio to enhance his organization’s security posture. The solution included a compromise and risk assessment, security policy and procedure development, designation of a security officer, real-time endpoint and network monitoring, and security awareness training. Now, the company’s leaders can worry less about cyberattacks and more about other aspects of running their business.
To avoid the steep costs associated with cyberattacks, you should also consider working with a managed security service provider (MSSP) to minimize risk and proactively combat threats.
Managed security services: Key elements
In 2023, the global average data breach cost climbed to $4.45 million, according to IBM. However, organizations that reported high levels of incident response planning and testing saved $1.49 million compared to businesses with low levels. It pays to be prepared.
The following products and services can lower your odds of experiencing a breach and minimize the damages if you do experience an incident:
Continuous monitoring
Endpoints (desktops, laptops, and servers)
Cloud applications (including Microsoft 365)
Network
Extended detection and response (XDR)
Intrusion detection
Endpoint monitoring
Root cause analysis
Vulnerability scanning
Proactive threat banning
Dark web monitoring
Security information and event management (SIEM)
Asset discovery and inventory
Deception technology
Domain doppelganger monitoring
Professional services
Penetration testing
Security awareness training
Risk assessments
Security maturity assessments
Simulated attacks/breaches
Incident response services
Business operation restoration
Forensics
Post-breach visibility
These services are best suited for businesses with 100 to 1,200 endpoints in their environment and operate in industries like financial services, healthcare, manufacturing, and state, local, and education (SLED).
If you want to explore the benefits of managed security services for your business, don’t hesitate to reach out to our team of technology advisors. With 20+ years of IT industry experience, access to niche offerings and the latest market data, and tools for generating comprehensive comparison matrices, we can help you rapidly identify the best security solutions for your organization.
Enhance your security today by calling 877-599-3999 or emailing sales@stratospherenetworks.com.
