Let us take a look at the difference between establishing your own team for security - in-house security vs letting dedicated team of experts handle all your security needs - managed security.
Managed Security and In-house Security are two different approaches to handling cybersecurity within an organization. Here are the key differences between them:

1. Ownership and Responsibility:

Managed Security: In this model, a third-party service provider (Managed Security Service Provider or MSSP) is responsible for managing and overseeing the organization's security infrastructure and operations. The MSSP takes on the responsibility for monitoring, detecting, and responding to security incidents.

In-house Security: In this model, the organization itself is responsible for all aspects of its security program. This includes hiring and training its own security team, procuring and managing security tools, and developing and implementing security policies and procedures.

2. Expertise and Skills:

Managed Security: MSSPs typically have a team of highly skilled security professionals who specialize in various aspects of cybersecurity. They bring a wealth of experience and expertise to the table and often have access to advanced technologies and threat intelligence.

In-house Security: The organization must invest in hiring and training its own security team. This may require significant time and resources to find and retain qualified individuals, and to provide ongoing training to keep them updated on the latest threats and technologies.

3. Cost:

Managed Security: While MSSPs come with a service fee, they can often provide cost savings compared to maintaining an in-house security team, especially for smaller organizations that may not have the budget for a full-fledged security program.

In-house Security: While there may be initial cost savings in terms of not paying for external services, the organization will need to budget for salaries, benefits, training, and security tools. Additionally, there may be hidden costs associated with managing an in-house team, such as infrastructure and operational expenses.

4. Scalability:

Managed Security: MSSPs often have the capacity to quickly scale up or down based on the organization's needs. This can be particularly beneficial for businesses experiencing rapid growth or dealing with seasonal fluctuations in demand.

In-house Security: Scaling an in-house team can be more challenging and time-consuming. Hiring and training new personnel takes time, and it may not always be feasible to quickly ramp up the security team in response to changing circumstances.

5. Response Time:

Managed Security: MSSPs are often staffed around the clock, providing 24/7 monitoring and response capabilities. This can lead to quicker detection and response times in the event of a security incident.

In-house Security: The availability of in-house security personnel may be limited to regular business hours, unless the organization invests in additional resources for round-the-clock coverage.

6. Customization:

Managed Security: MSSPs offer standardized security services and solutions that may not be as tailored to the specific needs and nuances of an individual organization.

In-house Security: An in-house team can design and implement security measures that are highly customized to the organization's unique requirements and risk profile.

Ultimately, the choice between Managed Security and In-house Security depends on factors like the size of the organization, its budget, specific security requirements, and the level of control and customization desired. Some organizations may even opt for a hybrid approach, combining elements of both models to create a security program that best meets their needs.
More details for visit: https://sharkstriker.com/guide/managed-security-vs-in-house-security-which-of-the-two-is-the-best/