Index

The Modern Threat Landscape

Online businesses face a unique challenge when it comes to cybersecurity. In most cases, these businesses have no physical office to work from, so there isn't any on-site hardware to manage cybersecurity. Often, these businesses don't have the budget to hire analysts and security experts either. But since the business is primarily run through a network or cloud, the possibility for cyber threats is only increasing with the rise of sophisticated attacks and threats.

 

How do these online businesses protect their data and secure information without the hardware? One of the simplest solutions is to use security as a service. But what is cybersecurity as a service?

What Is Security as a Service?

So, exactly what is cybersecurity as a service? Security as a service, or SECaas, allows businesses to outsource their security needs to a provider. The provider will manage security services such as authentication, intrusion detection, antivirus and malware management, and many others. The security services management will all be done off-site with the provider's hardware and cybersecurity equipment.

 

Security as a service provides businesses with an effective way to monitor for threats within a network without having to own the tools to perform these services. For those online businesses that don't have a physical location, these cybersecurity services provide the necessary protection that is cheaper than hiring threat detection experts as part of the company.

 

Besides this most obvious benefit, here are other reasons businesses choose to use this kind of cybersecurity services.

 

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Benefits of Security as a Service

Security as a Service has become a popular solution for cybersecurity needs. Here are some of the common benefits of this popular cybersecurity service:

 

  • Access to up-to-date security technology and tools.
  • Internal security and IT teams can focus on processes more applicable to your organization.
  • Save money. With the service of security, all personnel, software, and tools are provided. It would cost your organization much more to add employees to payroll, purchase more software and tools, and acquire training.

SECaas Compared to Traditional MSSPs

Security as a service provides businesses with necessary protection in the modern world. Traditional managed security service providers (MSSPs) are often unable to offer the same results.

Benefits of SECaas over traditional MSSPs:

Cost-efficiency Businesses can save money on tools and staff by outsourcing cybersecurity services to a provider with the hardware and experts. In many cases, it's cheaper to pay a provider for these services than to buy the tools and hire the staff to perform the same tasks. At Paladion, we provide a full security team for the protection of each business's needs without extensive costs of hiring staff and purchasing tools.
Consistent protection The provider's databases and protection software will be consistently updated and improved as new technology develops. In addition, we will monitor the network constantly with our innovative AI technology for threats to provide 24/7 protection. A completely man-powered team cannot catch every threat, but AI helps extend our abilities to provide better protection.
Access to security expertise It can be expensive to hire expert security analysts as part of a staff. But with our MDR for security as a service, we help businesses to have protection and the experts without the high cost. The experts are the ones managing the network protection, and the business will have access to expert security information for its network.
Early detection of threats on business assets Over 70% of breaches today are not detected through traditional rules and signatures. These attacks stay hidden or evasive. But they can be detected through analytics and machine learning applied to a much larger data set than traditional security data provides.
Anticipating threats before they even reach you MSSPs provide you with a commodity threat intelligence feed on malicious IPs, ports, URLs, and file signatures. These threat feeds have a high level of noise. They do not provide context for your organization. You can't use them for anticipating threats that affect you. The right service will take both machine-readable data and unstructured data (including blogs, news, social media), and analyze that data to determine the likely impact of each threat to your organization.
Reduce time and effort in analyzing alerts MSSPs can't fully investigate and analyze your alerts. They lack the context for your environment. They don't provide investigation tools as part of their monitoring service. In short: They cannot answer key questions about your alerts: Is there an impact? Are they benign? Are they currently indeterminate? What steps do I need to take to further determine their impact?

Eradicating Threats: SECaas vs. MSSPs

One shortcoming of MSSPs is that while there are alerts for threats, their cybersecurity services often don't eradicate the threats completely. Paladion's security as a service combines the cost-efficient and off-site benefits of an MSSP with AI technology and software to anticipate, monitor, manage, and eradicate threats.

With our tools and hardware, online businesses can find the protection needed without having to purchase the tools, just as with MSSP. But we go further than a traditional provider. When a threat has been identified, experts perform threat hunting, auto containment, and response orchestration services to eliminate threats from a network. No amount of staff and employees can monitor a network at all times, so we incorporate AI technology into our cybersecurity services to overcome this challenge and provide constant protection. MDR as SECaas combines the benefits of an MSSP with the advanced security protection necessary to secure a network.

By the time data breaches have run their course, it is often too late. The resulting loss of revenue, reputation, and customer confidence can be irreparable. Managed Detection and Response as SECaas can help in early detection and faster response to contain breaches and limit damages.

 

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Making SECaas Work for Your Organization

The transition to MDR-led security as a service comes with certain challenges. Many of these come from contending with stringent new privacy and data protection regulations (such as GDPR) and selecting the right cybersecurity service provider.

 

The MDR service provider market can appear confusing, as traditional MSSPs attempt to adopt MDR-like services (or to simply adopt MDR branding without fundamentally changing their service offerings). However, it's imperative to cut through this confusion. Select an MDR-first provider who has dedicated years of investment in anomaly investigation, forensic capabilities, and response playbooks.

 

Challenging or not, MDR adoption is no longer optional. The average cost of a single data breach will exceed $150 million this year.

 

Will you be one of these statistics? Or will you protect yourself with MDR-led SECaas?

 

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