In 2023, the Top 10 Best Managed Security Service Providers in India are listed below.
What is a Managed Security Service Provider?
Information technology (IT) service providers who sell security services to organizations are known as managed security service providers (MSSPs).
An MSSP’s job is to assist in protecting businesses from security risks, whether that involves offering tools and services that safeguard corporate information or assembling a team of security specialists who can respond to breaches as they happen.
Managed Security Service Providers provide cybersecurity monitoring and management, which may include virus and spam blocking, firewalls, intrusion detection, and management of virtual private networks (VPN). MSSPs also handle matters such as modifications, system changes, and upgrades.
Why hire a Managed Security Service Provider?
The primary advantage of managed security services is the additional security personnel and expertise they provide.
While the Managed Security Service Provider interface maintains a constant line of communication and seamless reporting to the company, the flexibility of MSSPs to manage security operations from an off-site location enables organizations to operate business as usual with little disruption from security initiatives.
The MSSP ensures that enterprise IT is always up-to-date with the status of security issues, audits, and maintenance, allowing the hiring organization to concentrate on governance of security rather than administrative responsibilities.
A wide range of security services are being offered by MSSPs at present, from specialized services that focus on a specific component of the enterprise’s security to full outsourcing of security programs.
By outsourcing security, enterprises are often able to realize cost savings by eliminating the need to maintain a fully staffed, full-time, on-site IT security department. Many organizations also turn to MSSPs for faster deployment times and improved time-to-value on security investments.
Large enterprises especially benefit from MSSP services due to increased security threats. However, as security threats change, many small and medium-sized organisations (SMBs) can benefit from MSSPs.
The global managed security services market is expected to reach $46.4 billion by 2025, reflecting the growing need for MSSPs.
Let us take a look at the top 10 best-managed security service providers in India in 2023.
1. Cipher
Cipher is a multinational Managed Security Service Provider (MSSP) that offers customised white-glove services to its clients worldwide. It offers managed detection and response services that are prompt and efficient.
It makes it possible for businesses to immediately get 24/7 dedicated threat monitoring and incident response capabilities. This is made possible by a thorough SOC-as-a-Service.
Cipher was established in the year 2000 and has over 300 employees and a company revenue that ranges from $20–50 million every year.
Cipher offers cybersecurity monitoring, security asset management, managed application security, and more.
Incident management
2. Wipro
Wipro’s managed security service provider provides IT security management infrastructure support from 16 different locations. They provide IT and operational options that attempt to increase security capabilities while also lowering costs and improving productivity.
The services offered by Wipro are Unified Threat Management, Managed Authentication, Identity and Access Management, PKI Operations, Security Operations, Security Monitoring,
and compliance reporting and management.
Wipro was established in 1945 and has a company strength of over 10,000 employees and a revenue of around $9.4 billion as of 2021.
3. SecurityHQ
SecurityHQ detects and responds to threats around-the-clock. As a dependable security partner, they respond to threats on your behalf and have access to a team of engineers who are knowledgeable about the necessary actions in each and every circumstance.
SecurityHQ assists clients in identifying and recovering from cyber-related incidents through their responsive incident management and analytics platform, and their Response App has the confidence to supply their services through an app, platform, and website, all on a limited budget.
Besides India, SecurityHQ operation centres are spread across the Middle East, the United Kingdom, America, and Australia.
The core services provided by SecurityHQ are Managed Detection and Response, Managed Firewall, Managed Endpoint Detection and Response, Digital Risk and Threat Monitoring, Managed Endpoint Protection, Managed Network Detection and Response, Managed Azure Sentinel Detection and Response, Vulnerability Management Service, Penetration Testing Service, Web Application Security Testing, Managed Data Security, User Behaviour Analytics, Network Flow Analytics, and
Managed by Microsoft Defender
The company has over 200 experts around the globe and was established in 2003.
4. IBM
IBM, one of the top MSSP providers, offers an interactive strategy to address cyber security threats. It provides a completely managed security solution to assist you in managing your security requirements of all sorts, from the most basic to the most complex.
You can also use customised services, such as cloud, infrastructure, and response management, to further improve your security program.
Firewall management Vulnerability scanning from IBM security information event management Intelligent log management on the cloud Intrusion detection and prevention system management, managed data protection services for Guardium, Endpoint security services, IBM X-Force cloud security service, Amazon GuardDuty services, Security SD-WAN, Unified Threat Management, “technology bundle,” A security intelligence analyst
Security-rich web gateway management are the services provided by IBM.
IBM was founded in the year 1911 and has over 4 million employees with operations in over 171 countries. Its revenue stood at $57.35 billion per year as of 2021.
5. Verizon
Verizon oversees IT security service providers to safeguard important assets around-the-clock against unintended consequences and security risks. A variety of security devices are managed on the managed security service premises.
This system is adaptable and may be tailored to your requirements.
Verizon provides round-the-clock security expertise. A quick review of the incident information Data analysis with log management, in-depth inspection of incident trends, intelligence-driven security monitoring and analysis.
The company was founded in the year 2000 and has over 155,400 employees. Its annual revenue was $133.61 billion as of 2021.
6. BT
BT local service providers use managed firewall security services to provide continuous security solutions around-the-clock. They can handle cyber attacks before they become too difficult to handle with their cutting-edge technology and intelligence.
Among BT’s main offerings are solutions for problems with data loss prevention, cloud service access, and encryption, to name a few.
The company provides information risk management, cybersecurity consultation services, security event monitoring to ensure real-time threat monitoring, and cloud and networking services.
BT was founded in the year 1846 and has over 10,000 employees and is considered as one of the most preferred MSSP.
7. Symantec
Symantec is a top MSSP for cybersecurity services, including managed security operations and sophisticated cyber defense. Utilizing a team of highly qualified professionals, they combine security innovation with global delivery capability across industries.
Accenture acquired Broadcom’s Symantec cybersecurity services in April 2020.
Symantec provides continual advanced threat monitoring, DeepSight intelligence, incident response services, and more.
indicators to detect advanced persistent threats.
In short, Symantec’s several product categories offer insightful information to cut risk and expenses throughout your entire business.
It was established in the year 1982 and has over 10,000 employees and a revenue of $5 billion every year.
8. AT & T
AT&T’s business managed cybersecurity service provides strategy, risk, and managed services to aid in the implementation of strong security-centric digital transformation initiatives.
Their services help in detecting, preventing, and mitigating the effects of cyber-attacks and business interruptions and tackling typical worker retention issues or an excessive number of items to handle.
AT &T offers best-in-class managed cybersecurity services, including endpoint security, Internet protection, network security, threat detection, intrusion detection, and cloud security monitoring.
The company was established in the year 1983 and has over 10,000 employees and a revenue of $168.86 billion per year as of 2021.
9. SecureWorks
Leading MSSP provider SecureWorks specialises in cybersecurity. They have a counter-threat platform (CTP) that they use to deliver powerful data analytics and security insights. They provide round-the-clock security services to expand the network perimeter.
SecureWorks provides a variety of managed IT security services to protect your business against malware attacks and offers comprehensive security solutions that have been both field-and industry-tested. Their advanced security services include, to name a few, next-generation firewalls, vulnerability detection, and security event monitoring.
The services provided by the company are security event monitoring, enterprise network monitoring, effective cybersecurity solutions, advanced endpoint threat detection, managed firewall, and
managed web application scanning.
SecureWorks was established in 1999 and has over 300 employees and a company revenue of $4.3 million per year.
10. Trustwave
Trustwave, the industry’s top MSSP for cybersecurity, sets a new managed detection and response service that may help keep your company operating securely by reducing cyber threats and assist you in strengthening your security position and enhancing the capabilities of your team through their managed security and expert consulting services.
The services provided by Trustwave are threat management, compliance management, vulnerability management, network security, endpoint security, security management, content and data security, application security, and database security.
It has around 5,000 employees and a company revenue of $216 million every year as of 2014.
Categories of Managed Security Service Providers
There are six main categories:
1. On-site consulting: When a Managed Security Service Provider performs a thorough security audit of a company’s network, identifying possible and actual vulnerabilities, this is known as MSSP consultancy. During on-site MSSP consultation, the MSSP identifies security gaps and then works with the business to solve them.
2. Perimeter management of the client’s network: A perimeter is a conceptual boundary that separates an organization’s internal assets from its external ones in the context of network security. If a single company network is employed for security, its perimeter would be the barriers that surround it and guard it from invasion. A perimeter’s function is to restrict access to sensitive information, typically by limiting who and what is allowed into the network. If you work as a Managed Security Service Provider for a major company, one of your primary responsibilities is to make sure the network perimeter of the company is adequate and that all the devices inside it are effectively protected.
3. Product resale: Product resale is a revenue generator for Managed Security Service Providers (MSSPs) and not a managed service. An MSSP resells hardware, software, and services to its clients. The reseller may also provide technical support for the devices, perform security audits, and perform penetration tests for security. When big businesses dominated the market and each had their own line of security solutions, the MSSP model emerged. Then, resellers would offer clients a customized security system made up of products from several vendors.
4. Managed security monitoring: The initial response to a security incident report is frequently managed security monitoring. It includes regularly keeping track of security events like user logins and permission modifications, as well as looking into similar system events across the network.
5. Penetration testing and vulnerability assessments: Methods for evaluating an organization’s security, typically its information and technological assets, include penetration testing and vulnerability assessments.
A type of ethical hacking called penetration testing involves breaking into computer systems to find vulnerabilities that attackers might take advantage of. In a penetration test, a group of skilled hackers tries to access a company’s computer systems or network using the same resources and methods as malicious attackers.
This simulated attack provides valuable information about how well the company defends itself against a real attack. “Pen testing” is another term for penetration testing.
6. Compliance monitoring: Compliance monitoring is the process of ensuring an organization’s adherence to data security policies and procedures. Typically, compliance monitoring entails managed security service providers performing regular scans of your security devices and infrastructure.
The Managed Security Service Providers will utilise the scan results to decide whether your security software or infrastructure needs to be modified. Data retrieval, storage, and transmission must all be done safely and within the confines of the law. To ensure compliance, an organization must generally demonstrate that it is following a number of rules and regulations governing electronic data storage and transmission.
The Benefits of Hiring a Managed Security Service Provider
The security knowledge and increased staffing that managed security services offer are their main advantages.
While the Managed Security Service Providers interface maintains a constant line of communication and seamless reporting to the company, the flexibility of Managed Security Service Providers to manage security operations from an off-site location enables organisations to operate business as usual with little disruption from security initiatives.
The hiring organization can concentrate on security governance rather than administrative duties. Thanks to MSSPs’ assurance that enterprise IT is always informed about the status of security concerns, audits, and maintenance.
Managed Security Service Providers currently provide a wide range of security services, from comprehensive outsourcing of security programs to specialised services that concentrate on a particular area of the enterprise’s security.
Businesses can frequently save money by outsourcing security because they no longer need to keep a full-time, on-site IT security department that is fully staffed. Many enterprises also use MSSPs for quicker deployment timelines and increased time-to-value on security investments.
The Evolution of the Managed Security Service Provider
Managed Security Service Providers (MSSPs) have evolved in a variety of ways. Some traditional service providers have added managed security to their portfolios in response to the seemingly unending demand for internet security. Other vendors’ cloud-based security services will be resold by other traditional channel partners, like a value-added reseller (VAR).
Still, some managed security service providers have emerged as completely new organizations specializing in cybersecurity services. Since almost every part of a client organization’s activities includes some kind of cybersecurity component, some industry analysts have said that every channel company is, in some sense, a “security provider.”
Managed Service Provider (MSP) vs. Managed Security Service Provider (MSSP)
Both managed security service providers (MSSPs) and managed service providers (MSPs) are third-party organizations that offer services to businesses. The focus of these two categories of service providers, however, is very different. An MSP offers managed telecommunications (telco) or Software as a Service (SaaS) platforms in addition to general network and IT support. An MSSP, on the other hand, is solely committed to offering security services.
The “operations center” of MSPs and MSSPs is one of their key distinctions. An MSP is likely to run a network operations centre (NOC) from which they can manage and watch over the networks of their clients. On the other hand, a security operations centre (SOC), which offers 24/7 security monitoring and incident response, should be run by an MSSP.
While managed service providers assist clients in achieving operational efficiency by properly troubleshooting IT issues and providing timely and accurate assistance, to develop the right cybersecurity setup, clients collaborate with MSSP security analysts who understand the business.
Many managed service providers partner and contract with managed security service providers that offer specific security services, including intrusion detection and prevention, managed detection and response, incident planning and management, and more.
To summarise, MSP provides a more basic and affordable service, whereas MSSP is more advanced.
Conclusion
Since protecting sensitive information from unauthorized access is vital for any firm, it is imperative that businesses take the required precautions. The above article reviewed some managed security service providers who offer excellent cybersecurity solutions.
