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INSTRUCTIONS TO BIDDERS Provision of Managed Security Service: Security Incident and Event Monitoring (SEEM)November 2017ASIAN DEVELOPMENT BANK 6 ADB AVENUE, MANDALUYONG CITY, 1550 METRO MANILA, PHILIPPINES

How to fill out provision of managed security

How to fill out provision of managed security

1. To fill out provision of managed security, follow these steps:
2. Start by identifying your organization's security needs and objectives.
3. Evaluate different managed security service providers (MSSPs) and choose the one that aligns with your requirements.
4. Determine the extent of security services you require, such as network security, endpoint protection, or cloud security.
5. Collaborate with the MSSP to define the scope and responsibilities of the managed security provision.
6. Provide necessary information and access to the MSSP, including network configurations, system logs, and security policies.
7. Conduct regular meetings and communication with the MSSP to ensure a seamless provision of managed security services.
8. Continuously monitor the effectiveness of the managed security provision and make necessary adjustments as needed.
9. Review and update the provision of managed security regularly to adapt to evolving threats and changes in business requirements.

Who needs provision of managed security?

1. Provision of managed security is beneficial for any organization or individual who wants to enhance their cybersecurity posture but lacks the internal resources, expertise, or time to manage it themselves. This can include:
2. - Small-to-medium-sized businesses without dedicated IT security teams
3. - Enterprises looking to outsource their security operations for cost-efficiency and expertise
4. - Organizations in regulated industries like healthcare or finance that have compliance requirements
5. - Individuals or businesses that want to focus on their core competencies while leaving security to experts
6. - Organizations that require 24/7 monitoring and response to security incidents
7. - Companies with distributed network environments that need centralized security management
8. - Any entity that wants to proactively detect and mitigate security risks to protect sensitive data and intellectual property.

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What is provision of managed security?

The provision of managed security is the process of outsourcing security services to a third-party provider to protect an organization's network, devices, and data.

Who is required to file provision of managed security?

Organizations that have outsourced their security services to a third-party provider are required to file provision of managed security.

How to fill out provision of managed security?

To fill out provision of managed security, organizations need to provide details about the security services being outsourced and the third-party provider.

What is the purpose of provision of managed security?

The purpose of provision of managed security is to ensure that organizations are effectively managing their security risks by outsourcing security services to experts.

What information must be reported on provision of managed security?

Information such as the name of the third-party provider, services being outsourced, and the duration of the agreement must be reported on provision of managed security.