PRAXIS DATA FINANCIAL Vol.1 December | Page 2

P.2?|?The Business Value of Managed Security Services

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Contents

White Paper

Abstract ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 2
The network security conundrum: Increased threat, diminishing resources ??????????????????????????? 2
Managed security service providers – the answer? ??????????????????????????????????????????????????????????????????????? 3
SilverSky MSSP value proposition ???????????????????????????????????????????????????????????????????????????????????????????????????? 4
SilverSky Managed Security Services ???????????????????????????????????????????????????????????????????????????????????????????? 4
About SilverSky ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 5

Abstract

For many organizations, outsourcing network security services appears to be a logical choice. You avoid
hardware, licensing, and maintenance costs; you benefit from around-the-clock security monitoring and
management from dedicated security experts; and you free up your in-house IT staff to pursue activities
core to your business mission. Yet many business decision makers dismiss the managed security service
option out of hand, fearing the loss of control over the network.
This paper provides an overview of the benefits of outsourced security solutions such as managed
security services. The managed security services option saves money, improves the network security
posture, and maximizes the efficiency of existing corporate resources.

The Network
Security Conundrum:
Increased threat,
Diminishing resources

The network security landscape is changing – and rapidly. With organized crime methodically searching
for easy targets to infiltrate, statesponsored cyber-terrorism on the rise, and the proliferation of common
thieves swiping identities, the on-line, linked enterprise is fraught with risk. Yet the Internet is
indispensible. Regardless of the danger, organizations cannot conduct business without connectivity.
Business without the Internet is not an option.
Regulatory bodies are jumping into the fray mandating different types of security legislation, approaches,
fines, and even solutions. Industry governing bodies like the Payment Card Industry (PCI) Security
Standards Council are aggressively requiring comprehensive network security strategies and tactics.
Failure to comply can result in sanctions, fines and even the inability to take credit cards – a death knell
for merchants. Government regulations such as HIPAA, SOX, GLBA, FISMA, and many others include
harsh penalties for non-compliance.
Both large and small organizations struggle to adequately secure their networks and achieve
compliance. Network security threats are up – more viruses are being detected, more malware is on the
network, more spam is filling up inboxes, and more phishing attempts are being made. In short, the
number and sophistication of threats is skyrocketing, putting business success at risk.
Paradoxically, security resources are in short supply and are becoming more expensive each year. With
the government hiring thousands of cyber security experts, the demand is only increasing. Furthermore,
the skill set security specialists are expected to have is not only deepening, but widening. Today, network
security experts need to be knowledgeable about networking, desktops/endpoints, compliance
strategies, and perhaps the most challenging of all, communicating technical issues to the board room.

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