Cyberattacks are one of the biggest threats to the success of any organization. With more sophisticated attacks happening each day, cybersecurity is now becoming increasingly important. The big question for most IT managers is what step they should start taking to keep their company safe from attacks.
Many companies are using an external cybersecurity provider to improve their cybersecurity due to their cost savings and their experience in responding to incidents.
Managed Security Services provide cybersecurity services for their customers. These companies may provide round-the-clock security operations, center monitoring, network monitoring, managing software security updates, vulnerability management, and more.
Here are some benefits of taking the managed services route with cybersecurity,
1) Access to Industry-Leading Cybersecurity Experts
Cyber attacks are becoming more frequent and sophisticated, making it difficult for IT teams to stay updated on threats. New types of cyberattacks are emerging every day. Many companies are now bringing their business online by undergoing digital transformation and migrating to the cloud. What most of them oversee is the need and importance of having the best cybersecurity experts watching over them. We have seen a significant increase in supply chain and ransomware attacks over the last year – with giants like Netflix and Microsoft being recent examples of this.
To keep a business completely safe from cyber attacks, its team needs to be experts in multiple areas. This is difficult for a one or two-person IT security team or even the general IT team tasked with this crucial task like most small companies today with their limited budget and manpower.
A managed security team will be able to share the skills and experience gained from each client with other team members, leading to a greater bank of skills at a fraction of the cost.
Apart from the skills, managed service providers will have the best tools and infrastructure along with the latest techniques to offer the best protection for your organization.
2) Manpower cost savings
To create an in-house IT security team, you would need to invest a lot of money. IT professionals are highly paid due to the high demand and limited supply, which may lead to staffing difficulties. Companies also need cybersecurity professionals to be available at all hours including overtime and work on weekends.
It costs a lot to find, train and employ skilled workers.
Security services offer a range of skills because they have a larger team in place and thus, this means that you only pay for the time that you need without having to give them all of your money.
Moreover, with most service providers, you won’t need to pay for anything in advance, instead, there is an affordable, monthly charge which can be budgeted for in advance.
3) Get access to Industry-Leading Security Tools
Cybersecurity tools can be expensive and many people need knowledge about their budget. Sometimes, organizations have to choose between whether they are going to buy a more effective tool or one that is less expensive. This is because new threats emerge all the time.
Working for a large organization has its advantages. Managed security services have access to the most innovative and effective tools on the market, which in turn means clients benefit from its buying power.
4) Pay Only for What You Use
Cybersecurity needs are not always constant, they fluctuate periodically as per the rhythm of your business. However, an in-house team can not adapt to quick drastic changes due to limited knowledge and manpower. If the IT security team can not keep up with the demands then the team becomes redundant.
Cybersecurity as a service is scalable. You can’t prevent vulnerabilities from growing, so the idea is to pay for cybersecurity as you need it. This ensures that your suppliers don’t oversell their services and that you don’t spend more money than you can afford.
The traditional route to scaling up a cybersecurity service provider is by adding new people to the in-house team. However, with a cybersecurity service provider, you can work more efficiently and better scale by working with an existing partner.
Security is another opportunity you may not have considered. Managed Security services are there to provide tailored to help protect your organization based on what you’re looking for in your business.
With the above-mentioned benefits, it’s a no-brainer to go with a managed service provider if you want to keep your business safe from prying eyes without breaking the bank.
