Every business owner worries about cyber security, and with good reason. Breaches are becoming far more common and way more sophisticated. Over half of small businesses have reported a cyber attack in the past 12 months, and that number is growing. Read on to learn the top reasons why businesses are choosing to outsource their cyber security needs!
1. Enhanced Cyber Security Protection
The headlines are full of high-profile data breaches or data loss incidents, and businesses are struggling to keep up with what they need do to protect themselves.
Industry compliance is also a growing concern, as regulations are tightening up when it comes to protecting private data - and not just for healthcare and financial institutions, but for public companies across the board.
And of course, ransomware attacks to school systems and city governments continue to make headlines, some of whom have had the luxury of declaring a Federal disaster in order to get funds to help with the enormous clean up costs.
Not every business has that option!
Let's face the facts - you can't just install anti-virus software and call it a day. Mobile devices, remote workers and a growing list of cloud applications that employees are accessing from anywhere and everywhere, have removed the secure perimeters of yesterday.
In-house IT teams are particularly stressed with trying to stay on top of fast changing cyber security threats, as most simply don't have the skills, let alone the time to source out and implement new solutions.
Lack of in-house talent and time is really the number one reason why business leaders look to a Managed Security Services Provider (MSSP) for enhanced cyber protection, followed by cost.
2. Proactive Approach to Cyber Threats
When employees come in to work each morning, they want everything up and running - which means somebody has to be providing round the clock, proactive security coverage to protect against productivity-sucking downtime due to a security incident.
Having an MSSP take on this responsibility means that many threats can be tackled before the client even knows there was potential for an incident, using state-of-the-art solutions described in #3 below.
Items that often fall through the cracks of an over-worked in-house IT team include:
- Who's checking to see that the latest software updates were installed?
- Some important files were accidentally deleted - are those backups even working?
- Has MFA been implemented across all of your critical on-line applications?
- Who was the last person to update your password policy (do you even have one?)
- How do you protect your endpoints, such as smartphones, tablets and laptops, which are no longer behind the firewall in your office?
And that's just a short list of tasks that should be done on a routine basis to ensure proper protection.
Even businesses with outstanding technical talent will still want their IT professionals to spend most of their time on managing the network and driving new solutions for the business, not on cyber security which demands its own set of niche skills.
3. Access to Newer Security Technologies
While it may be tempting to hire an in-house security expert, it is now the single most challenging job to fill in the IT department.
According to the 2018 “State of the CIO” report from CIO magazine, nearly 40% of respondents said they expect to have difficulty filling their security jobs. These roles also command high salaries and can be difficult to retain once hired.
Even if you do manage to land the right talent, most sophisticated security solutions are often too expensive and too complex for small to medium sized businesses to deploy in-house.
Security solutions such as Intrusion Detection and Response, Vulnerability Scanning and Remediation, and Endpoint Detection and Response need 24/7 monitoring by experts, a function which makes much more sense to outsource due to economies of scale.
Businesses might also benefit from the services of a virtual CISO or CISSP, who can sit down with stakeholders, assess the current environment, and come up with the best strategy for the company, including policy creation and regular employee training.
4. Cost Savings Associated with Outsourced Security
One of the biggest business values of managed security services is greater cost savings, which includes the benefit of predictable monthly costs. As mentioned, its extremely difficult to hire and retain the right talent, which can end up costing countless man hours in recruiting time and a hefty compensation package.
High levels of protection can be achieved without enormous upfront investment in staff and infrastructure, when you make the decision to partner with an MSSP for your security strategy, implementation and ongoing management.
Most business leaders will sleep better at night knowing that an expert is monitoring their network carefully, recommending the latest technologies and putting in place the policies necessary to keep data safe.
Looking for a reputable Washington DC IT consulting company that specializes in managed security services? Click on the image below to set up a complimentary consultation with one of our security experts to see how we can help you improve your security posture.