Intrusion Detection: A Nine Billion Dollar Industry?

One day, we might wake up and find that cybersecurity attacks have lessened, and managed service providers can finally take it a bit easier.

Sadly, that doesn’t look to be happening any time soon. Year after year, we’re seeing cyber attackers ramp up their assaults on systems with ever-increasing levels of sophistication. In 2022, there was a massive 55% increase in overall threat detections and a 242% increase in blocked malicious files. That’s a record-breaking 146 billion detections.

It’s no surprise that cybersecurity experts are trending away from prevention and shifting towards advanced detection and response. That brings us to Intrusion Detection Systems (IDS), a rapidly growing market that is set to reach record heights in several years. Read on to find out the meaning of intrusion detection systems, how the market is expected to grow, and how MSPs should be utlizing them.

What is an Intrusion Detection System?

An Intrusion Detection Systems is a software or hardware system that monitors network or system activities for malicious or unauthorized behavior. These include malware, ransomware, DDOS attacks, and social engineering attacks, to name but a few.

An IDS’s primary purpose is to identify security breaches and raise an alert when it detects suspicious or unusual activities. It can be classified into two main categories: network-based IDS (NIDS) and host-based IDS (HIDS).

A network-based IDS monitors network traffic, looking for signs of malicious activity such as unusual patterns of traffic, known attack signatures, and unusual network connections.

A host-based IDS, on the other hand, monitors activity on a specific host or system, looking for signs of an attack, such as unauthorized access, file modification, or system configuration changes.

IDS can also be classified as signature-based or anomaly-based. Signature-based IDS relies on a database of known attack patterns to identify malicious activity. Anomaly-based IDS, however, uses machine learning algorithms to detect deviations from normal behavior, which could indicate an attack.

Each component of intrusion detection is highly specialized and thus prone to weakness. That’s why IDS is comprehensive and adaptable, allowing for multiple safeguards, and is the first line of defense against cyberattacks.

Don’t mistake an IDS for a firewall, although the two can appear similar. A firewall is an intrusion prevention system (IPS) which blocks identified threats altogether, whereas an IDS raises an alert if a suspected threat is found. Usually, an IDS and IPS are used together.

Where do Intrusion Detection Systems sit in the global market?

As you can imagine, the demand for Intrusion Detection Systems is great, and will only grow as cyberattacks continue to escalate.

The latest data shows that the market for IDS was worth $4.8 billion in 2020 and is expected to hit $8.18 billion by 2030. That is a CAGR of 6.11%. IDS is an integral component of the cloud security market, which is expected to be valued at $75.77 billion in 2029, with a CAGR of 11.05%.

Should MSPs include an IDS as part of their cybersecurity stack?

MSPs play an important role in ensuring the cybersecurity of their clients by implementing various security measures. An IDS is a critical component of a comprehensive cybersecurity stack, and MSPs should consider the following steps to include it in their services:

  1. Assess clients’ needs: MSPs must first assess their clients’ needs and determine the level of security required. This includes identifying the critical assets that require protection and understanding the types of threats that are likely to affect their clients.
  2. Choose an appropriate IDS solution: Based on the assessment, MSPs should choose an IDS solution that meets the needs of their clients. Depending on the client’s environment and risk profile, this entails selecting a network-based IDS, a host-based IDS, or a combination of the two.
  3. Install and configure the IDS: After selecting an appropriate IDS solution, MSPs should install and configure the system to meet the needs of their clients. This includes configuring the intrusion detection system to monitor the appropriate network segments or host systems, as well as configuring alerting and reporting mechanisms.
  4. Monitor and manage the IDS: After installing and configuring the IDS, MSPs should continuously monitor and manage the system to ensure that it is operating properly. This includes reviewing alerts, investigating any potential security incidents, and updating the IDS with the most recent threat intelligence and signatures.
  5. Provide ongoing support and maintenance: Finally, MSPs should provide ongoing support and maintenance for the IDS to ensure that it continues to provide effective protection against cyber threats. This includes regular IDS software updates and patching, as well as ongoing training and education for clients’ employees.

By including an Intrusion Detection System as part of their cybersecurity stack, MSPs can help their clients detect and respond to potential cyber threats, reducing the risk of data breaches and other security incidents.

inSOC’s One Stop SOC offers 24/7 Intrusion Detection and ongoing threat assessment reporting

It’s never been more vital to detect and respond to cybersecurity threats as fast as possible. That’s why inSOC has developed One Stop SOC, a complete SOCaaS solution. Using the latest AI advances, it tracks down and highlights security issues before they can do any damage. Best of all, it’s quick to implement and comes with a unique onboarding process that hardens the network to the NIST-CF , which is why it’s an ideal solution for MSPs looking to offer state-of-the-art protection to their clients.

Our One Stop SOC comes with built-in Threat Assessment Reporting. Offer your clients tailored security recommendations in priority order, allowing them to see what their top risks are. Each month, a security risk rating will be given, so they’ll be able to track their security improvements as you hunt down vulnerabilities. inSOC is with you every step of the way, collaborating with your team to strengthen your customers’ cybersecurity posture and demonstrate continuous improvement.

Give your clients the very best advanced intrusion detection system. Contact us today.

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