Managed Security Services

Question 1

MDR

Answer 1

Managed Detection and Response

Question 2

SOC

Answer 2

Security Operation Center

Question 3

MSSP

Answer 3

Managed Security Services Provider

Question 4

Managed XDR

Answer 4

Managed Extended Detection and Response

Question 5

MSS (SOCaaS)

Answer 5

SOC as a Service

Question 6

MSP

Answer 6

Managed IT Service Provider

Question 7

Typical Managed Endpoint Stack (per user*)

Answer 7

Cloud IaaS (Storage, etc.), Backup and Recovery, Hardware devices, Productivity Suite (Microsoft, Google), O/S - Patches, Upgrades, Security (VPN, Firewall, Antivirus, Anti-malware)

Question 8

What percent of small businesses go out of business after following victim to a cyber attack within 6 months?

Answer 8

60%

Question 9

IaaS

Answer 9

Infrastructure as a service

Question 10

What are two examples of follow-on activities due to compromising an MSP?

Answer 10

Ransomware and cyber espionage

Question 11

What percent of companies have had to use their cyber insurance?

Answer 11

80% and 50% of those had to use the insurance multiple times

Question 12

What are Cyber insurance companies requiring companies to purchase?

Answer 12

MDR ( Managed detection response) or SOC (Security Operations Center)

Question 13

Why can’t most MSPs satisfy the 24x7 SOC requirements?

Answer 13

They are mostly small businesses and can’t afford the investment in personnel and skillsets required that may exceed seven figures.

Question 14

What professional Services can MSP and MSSPs provide to their customers when partnering with SOC vendors?

Answer 14

Security Architecture, Compliance assessments and management-as-a-service, Vulnerability management, and Penetration testing

Question 15

What are included in Managed XDR services?

Answer 15

Threat detection, SOAR, Container Security, Endpoint Protection, Log management, Intrusion detection, Threat hunting, and Vulnerability Management

Question 16

SOAR

Answer 16

Security Orchestration, Automation, Response

Question 17

What are the four security services discussed that provide MSSPs with the majority of their revenue?

Answer 17

Professional services, Managed XDR, Managed Detection and Responses, Security Operations Center (SOC)

Question 18

What do MDR (Managed Detection and Response) services include?

Answer 18

On-premises, Public Cloud, and Private Cloud

Question 19

MSP Services include:

Answer 19

Broad-based IT asset management, Applications, devices, networks , servers, storage or cloud services, Delivery can be partner or customer-owned

Question 20

What does MSPs need in-order to stay competitive in the service provider industry?

Answer 20

Incorporation of MSS (SOCaaS)

Question 21

What percentage of revenue growth is predicted by EOY 2024 for MSPs?

Answer 21

29 %

Question 22

What is the projected growth for the SOCaaS market by 2028?

Answer 22

11.4 Billion

Question 23

What are the five of top ten managed security services required by customers?

Answer 23

Endpoint Security, Firewall management, IdP ( Intrusion detection and Prevention), Data loss prevention, and Identity and access management

Question 24

What percentage did MSS revenue increase by in 2022?

Answer 24

16%

Question 25

What is the MDR CAGR (Compound annual growth rate) predictions for the next three years?

Answer 25

25%

Question 26

Why Sonicwall Managed Security Services?

Answer 26

Advanced Threat protection from endpoint to cloud powered by a 24/7 SOC staffedd by experts. Empowers MSPs to bring enterprise-level threat hunting, detection, and response to their clients. No Annual contracts No Minimums - scale up or down as needed One SOC across endpoints, cloud and firewalls to ensure security across the entire attack surface.

Question 27

What is the predicted CAGR (Compound Annual Growth Ratee) by 2028?

Answer 27

11.2 %