What Does the Future of Security as a Service Look Like?

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PonduranceExpert Cyber Threat hunting and Advisory

Friday, January 28, 2022

Security as a service has become a leading solution for organization’s cybersecurity requirements. The changing landscape of security means our solutions need to meet the threat posed by increasingly sophisticated hackers and attackers. This, combined with more people working from home and remotely accessing work networks and data, changes our approach to cybersecurity.

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What Does the Future of Security as a Service Look Like?
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Traditional methods of managing cyberthreats don’t suit the current attack landscape or the needs of the modern business, making the adaptability of security as a service much more popular.

What is security as a service?

Cybersecurity as a service or security as a service (SECaas) allows businesses to outsource their security needs to a specialized provider. This provider is in control of and provides full monitoring of all security services. This could include everything from antivirus to malware management and authentication to intrusion detection. The services are provided off-site, utilizing the hardware and technology provided by the specialist firm.

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SECaas gives businesses a highly effective alternative to on-site cybersecurity solutions. It is an effective way to monitor threats and potential threats within an organization scaled to the level you require. Many organizations can’t justify a dedicated on-site security department but require around-the-clock monitoring, a basic service offered by most SECaas companies. For smaller businesses and online companies without a physical location, SECaas provides the necessary protection without excess cost.

Benefits of security as a service

The popularity of security as a service is evident for several reasons but the main benefits include:

  1. Instant access to the latest up-to-date security technologies and tools
  2. Financial benefits with all personnel, software and tools provided rather than needing to invest in these individually within your organization
  3. Internal security personnel can focus on industry or business-specific concerns

Security as a service has grown in popularity in the last few years as workplaces have become more agile and flexible. Cyberthreats are more far-reaching as organizations see access to their systems in different locations and on different devices. Threats are also coming from various directions with insider threats becoming more significant.

The impact of insider threats and the great resignation

The “Great Resignation” is the term for the current phenomenon which has seen record numbers of people leave their regular jobs in the wake of COVID-19, in the hunt for a more flexible role with better work-life balance, often based remotely. For security professionals this means reorientation of mindsets and further ensuring the security of data in multiple locations.

People looking for permanent remote work still need to leave their current roles and research shows a link between this and employee data theft. Netskope Threat Labs found a 300% increase in employee data theft during their final 30 days of employment and a shocking 74% of that data was transferred to personal Google Drives. Once the data leaves the network it is impossible to manage but with effective SECaas in place, your security partner will be alerted if files are moved, and the issue can be quickly dealt with.

With the support of SECaas, usually in the form of Managed Detection and Response, data can be treated in the appropriate way dependent on its security. Sensitive data can remain secure as it moves through cloud applications and only be accessible within your network.

The future of managed detection and response

Managed Detection and Response (MDR) boosts the efficiency and impact of security operations. MDR is driven by consumer demand and the detection and response services available meet the needs of almost any type of business. MDR providers deliver:

  • Their own proprietary and self-managed technology stack, developed for their specific usage or bringing together well-known and effective commercial technologies and software.
  • 24/7 staff that interact directly with the client data regularly, with the added expertise necessary for threat monitoring, threat intelligence, detecting and threat hunting and incident response processes.
  • Capabilities to allow full service remote work delivered from their own security operation centers. Services will include containment and threat mitigation, going further than basic recommendations or advisories.

MDR companies evolve alongside potential threat sources. The best companies recognize the need to combine the latest technologies with personalized, human input.

Emerging market features

The expansive nature of the cloud and growth of the cybersecurity mesh means that what needs monitoring has grown significantly. The tried and tested castle methodology for security simply isn’t effective when a business’ castle is dispersed across a wide range of locations. This change in how we work has given rise to the idea that running our own security centers simply isn’t the best approach and there are huge benefits in decentralized cybersecurity management. Specialists working in cybersecurity firms recognize the need to rethink what needs monitoring but also how to monitor it.

Exposure is becoming a key driver in the market. With specialists centering their focus on key area attackers and how businesses are becoming exposed to specific cyberthreats. Passive data leakage has become a real concern as has social media as cyber attacks increasingly maximize these areas to gain an advantage. MDR specialists already recognize and know how to handle this kind of threat and are only pushing forward with this proactive approach to the changing modus operandi of cyber attackers.

Making MDR work for your organization

MDR is an ideal solution for many organizations and provides the latest security tools with the expertise to operate them effectively. Businesses who have a good understanding of their business risks and IT architecture, but security is not a specialism, are the perfect client for an MDR firm.

Transitioning to MDR-led security as a service will pose challenges so you’ll need to find the right provider for your business’ needs. It can be confusing as demand shifts towards SECaas and MDR, with organizations specializing in other systems such as MSSPs looking to adopt this approach.

In 2020, the average global cost of a data breach was $3.86 million, and this is an expense no business can shoulder. Committing to proactivity and MDR security as service for your organization positions you for success and as trends lead towards a more dispersed and decentralized future, adaptable security processes and management will be vital.

Further reading

Pondurance

Expert Cyber Threat hunting and Advisory

https://www.pondurance.com/

We are a Managed Detection and Response company that protects your organization’s digital assets and technology resources by combining practical solutions, operational excellence, and security expertise. Our innovative technology and passionate security professionals mitigate risks, support compliance efforts, and scale your resources – giving you confidence in your security posture.
 

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