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The What, Why, and How of Managed Cloud Security

There are some acute pain points of internal security that managed cloud security can cure, namely:


  • The vast amount of time it takes to monitor and aggregate data into logs for decision makers manually 
  • The costs of employing at least eight cybersecurity analysts, causing an inability to scale as needs expand and contract
  • The speed of evolving threats quickly outpaces even the best in-house IT team, especially considering modern supply chain, edge computing, and WFH security issues.
  • The organizational liability (and perhaps, personal liability) of maintaining secure and specialized security systems and processes

Below, we’ll further discuss how managed cloud security is beneficial to your business. But first, let’s define exactly what cloud security management is.

Cloud Security Management Explained

Cloud security management (also known as managed cloud security) is a set of strategies that provide 24/7 remote management of security configurations, automation of threat detection, and the reporting of cloud activity risks.

How Managed Cloud Security Keeps Data Secure

To better understand how managed cloud security works to keep data secure, here are the operations it performs to limit potential threats and vulnerabilities:


  • Identifies and assesses your organization’s cloud services and products for security vulnerabilities
  • Grants your organization the highest level of control over privacy and security settings
  • Allows, through encryption, legitimate network traffic while simultaneously blocking suspicious traffic to preserve data and prevent loss
  • Manages and monitors authorized employee devices and users, ensuring access to data is secured
  • Reports cloud activity risks to key decision makers

Rather than your IT team taking care of each of these tasks itself, which is nigh impossible, comprehensive cloud security management is the only way to go.

3 Paramount Benefits of Managed Cloud Security

We could break down the benefits of cloud security management into many different categories, but they all tend to combine into three paramount benefits:

1. Its Long-Term Cost-Effectiveness

Organizations may be concerned about the upfront costs of a managed cloud security solution. However, when considering the alternative—the cost of a data breach and its forthcoming fallout—it becomes readily apparent just how much the small investment in security is worth.

 

  • The average cost of a data breach in the U.S. has reached $9.05 million. This includes costs associated with:
    • Technical support and incident response
    • Operational disruption
    • Revenue losses
    • User productivity losses

  • Gartner predicts that by 2024, 75% of CEOs will become personally liable for cyber-physical security incidents (at hospitals, for instance). 


The concern over the cost of managed cloud security is dwarfed when faced with these facts.

2. Its Automatic Reduction of Time and Risk

There is less need to worry about all the little details getting done with automated managed cloud security. Additionally, automated patches and updates improve security and maintain regulatory compliance. IT teams are already tapped out for time.


This ongoing defense quickly identifies threats to proactively respond to before an incident occurs, which is far preferred to after.

3. It Actually Works

Too many security attacks are made possible because of simple misconfigurations on the organization’s part. HBR reports that in 2020, misconfigurations caused breaches for 10% of all exposed records and 39% of web applications.


However, with managed cloud security, these types of mistakes are less frequent. Instead, you get correct configurations, as well as automatic—and immediate—threat detection. 


Now, as incredibly effective and efficient cloud security management is, technology alone will do nothing for 99% of organizations. Why? Because it’s just a tool. Human expertise and a glass box approach are needed to use it properly.  

Why You Want a Glass Box Approach to Cloud Security Management

A glass box approach to managed detection and response is another way of saying 100% transparency, which is what Castra offers. Many cloud security management companies take the opposite approach—the mystery box. 


Inevitably, clients of our competitors come to us complaining about the zero insight they experienced elsewhere. These clients can’t see what threats have been detected, what was missed, or how it was missed. 


This means they don’t know how or where to make security improvements. As a result, they suffer from a lack of peace of mind when they come to Castra.


We provide this to our clients because we are confident in our security operation’s best practices. With us, you can see exactly what is happening with your data at all times. And, if you ever leave our service, you’ll still take all your data with you. 


If you want a glass box SIEM approach to managed detection and response with Exabeam or USM Anywhere, request a quote or schedule a meeting.