Data is the new oil that keeps the business engines humming and drives growth. It can enable new pathways for businesses and help them reach overarching business benefits. However, as the data generated by business systems increasingly inundate businesses, a need for better data security and governance is rising in parallel. The answer to this existential need lies with Managed Security Services.
The right service provider can help enterprises simplify this part by ruggedizing the enterprise data from malicious threat actors and safeguarding it from breaches. Read on to learn more.
Why Enterprises Need a Strong Data Security Layer
Data has become the most important commodity for enterprises in the current business scenario. It is being used to study customer needs, personalize services, and improve products. All these require massive amounts of data to be stored and processed. This increased demand for data comes with an increased risk of security breaches and attacks. These can result in loss or theft of data, which can devastate the business. A recent study by IBM found that the average cost of a data breach is between USD 3.86 million to USD 4.24 million. This is a huge amount that no enterprise can afford to lose.
How Managed Security Services Solve the Puzzle of Data Security
Managed Security Services (MSS) is a holistic and proactive approach to data security that helps enterprises identify, manage, and mitigate risks. It focuses on providing a comprehensive set of security solutions tailored to the enterprise’s specific needs. Expert data security service providers have the necessary expertise and resources to implement these solutions and help enterprises keep their data safe. Here are some main methods MSS vendors employ to ensure cybersecurity in an organization:
MSSs align & integrate people, processes, and technologies to deliver MSS. They first assess the security needs of the enterprise and then design and implement a comprehensive security solution. This solution is constantly monitored and updated to keep pace with the ever-changing threat landscape.
MSS providers use their threat intelligence capabilities to identify and track the latest threats. Automated reports illuminate the vulnerable areas that potential threat actors can breach. They then use this information to design security solutions that effectively counter cybersecurity threats.
Security Operations Centers
MSS vendors operate state-of-the-art Security Operations Centers (SOCs) that are managed by highly skilled and experienced security professionals. These SOCs are equipped with the latest security tools and technologies to detect, investigate, and respond to security incidents. Expert MSS providers continuously monitor enterprise systems for vulnerabilities. They then provide remediation guidance to patch these vulnerabilities and prevent them from being exploited by attackers.
Cross Leverage of Intelligence-Driven Solutions
MSSPs use the latest threat intelligence to design and implement security solutions. These companies also have a team of experts who constantly monitor the threat landscape and update the security solutions accordingly. They continuously monitor the network for any suspicious activity for proactive and automated breach detection & response.
Layered Encryption Approach
Data encryption can be applied to different data types like files, folders, databases, and email messages. Expert MSS providers use a layered encryption approach to data security. This ensures that the data remains safe even if one layer is breached. This method involves the use of various encryption methods like AES, RSA, and ECC to encrypt data at different levels.
Encryption can be of two types — Symmetric and Asymmetric. In symmetric encryption, the same key is used to encrypt and decrypt data. This key must be kept secret to ensure data security. On the other hand, asymmetric encryption uses two different keys—a public key and a private key. The public key is used to encrypt data, while the private key is used to decrypt it. This approach is more secure as the private key can be kept secret.
Data governance is another important aspect of data security. MSS providers help enterprises implement various policies and procedures to ensure that data is appropriately managed and monitored. They also help set up the necessary controls to prevent unauthorized access to information.
Hashing is a process of converting data into a fixed-length code. This code is known as a hash. Hashing is used to ensure the integrity of data. It cannot be reversed back to its original form when data is hashed. This makes it impossible for hackers to tamper with the data.
Implementing Policy Controls
MSS providers help enterprises in implementing various policy controls to ensure data security. These controls restrict access to data and prevent unauthorized users from accessing it. They also help ensure that only authorized users can modify the data.
MSS providers help enterprises regularly back up their data to minimize the risk of data loss. Since the data is backed up regularly and stored in a secure location in-house IT professionals can easily restore the data if any form of data loss occurs.
Managed Security Providers Solve the Data Security Rubix Cube
MSS vendors provide a comprehensive set of security solutions tailored to the enterprise’s specific needs. These solutions are constantly monitored and updated to keep up with the ever-changing threat landscape. They use the latest threat intelligence to design and implement security solutions for vulnerabilities that can snowball into millions of losses for organizations.
MSS providers offer a comprehensive and proactive approach to data security that helps enterprises identify, manage, and mitigate risks.
The only way to ensure that your data is always safe is to use a dependable managed security provider. Check out the concise cyber security solutions from Data Safe Group and learn more about how you can safeguard your data.