Big Data

Three secrets to success for the MSSP



The managed security services provider (MSSP) market is burgeoning as organizations look to outsource their cybersecurity, and this is due to a number of factors.The economic downturn has hit security budgets hard and many have had to make cutbacks as a result, with an ISC2 report revealing that 47% have laid off staff, slashed budgets, and/or frozen recruitment drives and promotions.

Threats continue to escalate, making cyber insurance a must, and premiums frequently require that certain conditions are met, driving organizations to seek external assistance in the form of managed detection and response (MDR). These challenges are all compounded by an unprecedented skills shortage, with a workforce gap of approximately 4 million worldwide and growing at a rate of 13% per year, according to the same ISC2 report, forcing organizations to plug holes in their teams with external resources.



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