Taking swift action against security threats is a must for businesses looking to protect their brands and revenue. But not all organizations have the resources and expertise necessary to do this in-house.

That’s where it managed security services come in. These services involve a team of IT experts monitoring and managing a company’s infrastructure to ensure that cyber threats don’t harm the business. And as cyber attacks become more sophisticated, it’s not a matter of if a business will be hacked, but when.

As such, it’s essential for companies to invest in an IT security solution that can provide the protection they need. Unfortunately, these solutions can be expensive, but they’re well worth the investment considering that a single breach can have devastating consequences.

The cost of it managed security services will vary depending on the type of services an organization requires and how complex their network is. In general, larger networks and more digital assets will require more extensive IT security measures to protect them from threats, which will drive up the cost of these services.

It managed security services pricing can be broken down into subscription or service fees and hardware & software expenses. The former relates to the ongoing cost of providing security services and may include management, monitoring and remediation of security alerts as well as threat hunting capabilities. The latter relates to the purchase of specialised hardware and software solutions that enable MSS vendors to monitor, analyse and respond to security threats effectively.