Jun 29, 2023
Ashlyn Eperjesi
3 Minute Read
Security automation accelerates efficiency in and beyond the SOC to maximize growth opportunities for MSSPs.
Managed Security Service Providers (MSSPs) play a crucial role in safeguarding organizations against ever-evolving cybersecurity threats. To effectively meet the demands of their clients in an increasingly complex landscape, MSSPs are turning to security automation. By leveraging automated tools and technologies, MSSPs can enhance their operations, reduce costs, and provide more comprehensive and efficient security services. In this blog post, we will explore the numerous benefits that security automation brings to MSSPs.
Help Reduce Cost of Goods Sold (COGS)
One of the primary advantages of security automation for MSSPs is the significant reduction in the cost of goods sold (COGS). Traditionally, MSSPs rely heavily on manual labor, requiring teams of analysts to handle routine security tasks.
By automating these repetitive and time-consuming activities such as log analysis, threat intelligence gathering, and vulnerability scanning, MSSPs can streamline their operations and reduce their staffing costs. As a result, they can provide their services at a more competitive price while maintaining profitability.
Expand Revenue Streams with Extensible Use Cases
Security automation opens up new avenues for revenue generation for MSSPs. By implementing automated security solutions, MSSPs can offer additional services and extend their portfolio beyond the traditional scope. They can create customized automation workflows tailored to each client’s specific needs. Think incident response, threat hunting, compliance monitoring and more.
This expansion of services not only increases revenue but also positions MSSPs as trusted partners capable of addressing diverse cybersecurity requirements.
