In today’s digital era, organizations manage vast amounts of data daily—from collection to storage and processing. This digital transformation, however, heightens cybersecurity risks. 

As of 2024, cybercrime costs are expected to reach $10.5 trillion annually, and only 15% of organizations feel fully prepared against cybersecurity threats. Consequently, a single breach can compromise finances, reputation, and customer trust.

At Cyfuture Cloud, we deploy robust cybersecurity strategies to protect our clients from cyber attacks. As a managed security service provider (MSSP), we implement comprehensive security controls, identify potential threats, and continuously monitor and manage security postures.

To delve deeper, read our blog, where we explore MSSPs like Cyfuture Cloud, contrast them with in-house security teams, and discuss why MSSPs often provide superior protection.

Thus a decision of whether to go for an MSSP or an internal security team will depend on the strength of the organization. Mc and Msps, such as Cyfuture Cloud, already undertake affordable security services with bulletproof monitoring and threat detection required in any business, which most businesses can afford as they are done at a relatively cheaper price. In turn, in-house teams are likely to provide more control and customized services since some organizations have unique needs when it comes to compliance. Assess the level of protection you require and then establish the most appropriate measures for the protection of your information.

What is an MSSP?

Generally, A third-party company that provides completely managed security services to the hiring organization is a Managed Security Service Provider (MSSP)—for Instance, Cyfuture Cloud. Our extensive managed security services include detection of threat and how to respond to it, compliance management, vulnerability management, and the consultation related to security.

We provide ongoing monitoring of an organization’s security posture and provide reports and analysis to help organizations understand their security risks.

What is in-house security?

After MSSP, now time to understand what in-house security is. 

In-house security means security within an organization. An in-house security team is a group of employees with expertise in managing security operations. They are responsible for determining security risks in advance, implementing security-related protection or controls, and responding to security incidents.

As we all know, one size is not perfect for all; therefore, the security team’s size and expertise rely on the organization’s security needs. 

For instance, startups and SMBs generally have a single security professional; however, larger organizations may have a team or more than one security professional with the expertise to handle diverse situations efficiently and various skills and experience.

MSSP Guarantee Backup:

Managed Security Service Providers (MSSPs) often offer robust backup solutions as part of their services, providing clients with a reliable safety net against data loss or system failures. These MSSPs typically guarantee secure and regular backups of critical data, employing advanced technologies and best practices to ensure data integrity and availability. With a focus on redundancy, encryption, and offsite storage, MSSPs assure clients of comprehensive backup strategies that mitigate risks and enable swift data restoration in the event of cyber incidents, hardware failures, or unforeseen disruptions. This commitment to consistent and secure backups forms a crucial pillar of the MSSP’s overall security framework, delivering peace of mind to organizations by safeguarding their invaluable digital assets.

Comparison between Cyfuture Cloud Managed Security Services and in-house security team

Which is better: MSSP or in-house security team

MSSP is quite economical for organizations with limited budgets or resources compared to in-house security services. Like us, we’re also offering the best in the industry prices to our customers. We provide a range of pricing models that are pocket-friendly for our clients. These plans include pay-per-use and subscription-based models that can be more flexible and scalable for an organization’s needs.

In addition, Like MSSP, we provide 24*7 monitoring and response to security incidents, which can be a remarkable benefit for any organization that needs more resources to maintain its own security operations centre for round-the-clock service.

On the other hand, an in-house security team is a better option for organizations that need more control over their security operations or have particular compliance needs. 

In-house security can be customized to an organization’s specific needs and ensure compliance more effectively. They can also communicate more effectively and collaborate flawlessly during security incidents, decreasing the risk of communication issues.

Thus a decision of whether to go for an MSSP or an internal security team will depend on the strength of the organization. Mc and Msps, such as Cyfuture Cloud, already undertake affordable security services with bulletproof monitoring and threat detection required in any business, which most businesses can afford as they are done at a relatively cheaper price. In turn, in-house teams are likely to provide more control and customized services since some organizations have unique needs when it comes to compliance. Assess the level of protection you require and then establish the most appropriate measures for the protection of your information.