2023 SC Awards Finalists: Best Managed Security Service

ClearDATA, a leading managed health cloud provider, offers healthcare-specific managed services through its CyberHealth SaaS platform. The company has emerged as an important  player in protecting sensitive healthcare data amid the pandemic, which saw an increased reliance on cloud services and telehealth applications. ClearDATA’s platform offers multiple benefits, including minimizing false positives, detecting and remediating compliance issues, and integrating privacy and security controls. ClearDATA caters to the unique needs of diverse healthcare organizations, ensuring data privacy and compliance. The product’s total cost of ownership offers an average ROI of 7x for customers, allowing them to replace substantial overhead costs with affordable monthly fees. With continuous updates and certifications, the platform helps customers save millions of dollars in potential fines while maintaining compliance. ClearDATA serves more than 250 customers across the healthcare industry, driving secure and compliant innovation to improve patient experiences and outcomes.

Fortinet Managed SOC Services addresses the growing need for businesses to protect against cyber threats amid a global cybersecurity skills shortage. The service offers a cost-effective alternative to in-house security, featuring 24/7/365 monitoring and detection of potential threats and suspicious activity. Leveraging advanced AI/ML technology and Fortinet analysts, the service identifies and escalates confirmed incidents, delivering recommendations to customers within 15 minutes. Customers benefit from access to FortiGuard Labs, a comprehensive threat intelligence team dedicated to protecting against sophisticated cyberattacks. Fortinet’s Managed SOC Services offers simplified annual subscription pricing, with no additional deployment costs, and it’s available as an ad-on product per Firewall. The service promises to help organizations reduce operational gaps, strengthen security posture, and maximize their existing investments. Fortinet expects that the offering will gain market share in 2023, driven by increasing demand, domain expertise, and white labeling opportunities for MSPs, resellers, and MSSPs.

HID’s cloud-based PKI-as-a-Service (PKIaaS) platform was designed to help organizations create and deploy their own enterprise PKI trust hierarchies, securing networks, IT systems, and IoT devices. The service aims to eliminate operational complexity and reduce costs associated with operating and deploying a private PKI, offering customizable solutions and complete certificate lifecycle management. Leading benefits include industry best practices for PKI infrastructure, robust compliance, and an advanced technical architecture. With a fixed annual subscription fee, customers benefit from predictable costs and no certificate-based pricing. The platform follows continuous integration and delivery processes, ensuring updates are pushed without downtime. HID PKIaaS offers a strong return on investment by reducing the hidden costs associated with on-premise PKI, such as administrative, regulatory, and certificate lifecycle management costs. Today, HID PKIaaS holds approximately 4% market share in North America and Europe.

The Infosys Cyber Next platform offers comprehensive managed security services designed to enhance threat, vulnerability, and risk management for enterprises. The service gets delivered through seven Global Cyber Defense Centers and offers a single-pane view of an organization’s security posture. The platform integrates managed detection and response, threat intelligence, threat hunting, vulnerability management, and risk management. Infosys claims that businesses benefit from reduced redundant security tools by 30%, improved security coverage, cost reduction, and faster value realization with the platform. Technical features include early threat detection, support for legacy infrastructures, cloud, OT, and SaaS, as well as reduced mean time to detect and respond to threats.  Infosys Cyber Next platform also features a pre-engineered, validated solutions stack, and rapid deployment in less than eight weeks. The platform scales well  and updates are released frequently. Delivered as a managed security shared services model, Cyber Next helps customers meet corporate budgetary expectations and reduce total cost of ownership.

Praetorian’s Chariot managed cybersecurity product was designed to address market needs for continuous scanning without burdening a company’s internal teams. The platform caters to Fortune 500 organizations, offering a turn-key option that runs 24/7 and integrates with clients’ cloud applications. Chariot’s fully-managed service promises to reduce the total cost of ownership, with transparent pricing and no implementation fees. Clients have reported savings of 40% in triage and 50% on external penetration tests. The platform follows a DevOps software delivery methodology, with updates pushed multiple times per week. Chariot’s approach to Attack Surface Management involves adding humans to the decision loop to focus on exploitability and impact, prioritizing remediation based on context. The service has garnered positive testimonials from clients, highlighting the partnership with Praetorian’s security experts. Praetorian claims Chariot is on track to reach $1 million in annual recurring revenue in its first year.