Businesses of all sizes face a serious threat from cyber attacks. Businesses are becoming increasingly concerned about cybersecurity due to increasingly large and sophisticated attacks. For most IT managers, however, the most pressing question is how to secure their organization.
Using an external cybersecurity provider is the answer for many organizations. For these organizations, the benefits of managed security services range from cost savings to improved cybersecurity protection and incident response. We look at the advantages of managed security services.
Cybersecurity services are provided by managed security service providers on behalf of their customers. These services may include 24-hour security operations center monitoring, network monitoring, managing software security updates, vulnerability management, and others.
Take advantage of cybersecurity experts
Cyber attacks are becoming more sophisticated and frequent, and IT teams are struggling to keep up. As organizations use more online services, undergo digital transformations, migrate to the cloud, and carry out other activities, the types of attacks teams need to be aware of our expanding, as is the attack surface.
With the Kaseya ransomware attack in July and the latest Microsoft attacks discovered in October, large-scale supply chain and ransomware attacks have significantly increased in the past year.
To defend against attacks, IT teams must be experts in a wide range of areas, which is a tall order for a one- or two-person information security team, or an IT team with security tacked on to their responsibilities.
On the other hand, a dedicated managed security services team will have more experience since they work with a wide range of customers in different industries.
They will gain skills and experience from each client, which they can share with other team members, and they will gain a better understanding of trends, allowing them to build a larger skills bank with the skills that your organization requires.
Furthermore, access to new skills is immediate. The cybersecurity services provider will have a team of experts who have access to the most up-to-date tools and are knowledgeable about the most recent techniques used to protect your organization.
Reduce labor costs through managed cybersecurity
Creating an in-house IT security team is costly. Due to a scarcity of IT security professionals, their salaries are high, and your organization may require two or more to properly staff the team.
Furthermore, because cybersecurity is a 24/7 endeavor, there may be additional costs associated with having a team member work overtime or unsociable hours.
Aside from the costs of finding and hiring a professional with the necessary skills, there are the costs of paying for their ongoing training, specialized tools, and other expenses.
With managed security services, your organization can simply purchase the necessary skills for the times when they are required.
Managed security services providers benefit from the economies of scale that come with a larger team in place, and that team will have a diverse set of skills. As a customer, you simply benefit from each individual’s specialized skills without paying for 100% of their time.
Furthermore, cybersecurity as a service model eliminates upfront costs, resulting in a simple, consistent monthly payment that can be budgeted in advance.
Access to the most advanced cybersecurity tools
The higher the cost of a cybersecurity tool, the more effective it is. As a result, to stay within their budget, some organizations may sacrifice efficiency.
Furthermore, new tools are constantly being introduced to the market in response to new threats, putting additional strain on already-stressed budgets.
Managed security service providers have larger bank accounts. They have access to the newest and most effective security tools on the market because they work for a variety of clients and have a variety of skills at their disposal.
They may also be aware of tools and resources that internal teams are not. As a client of a cybersecurity services provider, your company benefits from its purchasing power.
Pay only for what you use
Cybersecurity requirements change on a daily, monthly, and annual basis, depending on the rhythm of your business. An in-house team, on the other hand, is not adaptable. If you require additional services, they may become overburdened, and if demand for cyber security services in your organization falls for any reason, members of the team may become surplus to requirements.
Cybersecurity as a service is built to be scalable. Organizations pay for the services they require, allowing them to quickly procure more services when needed or reduce the services they receive if they are no longer required. This allows a company to invest the appropriate amount of money without overspending.
Scaling up with a cybersecurity service provider is also a much faster and easier process than the traditional route of hiring a new employee for the in-house team.
Furthermore, managed security service providers will provide tailored services based on the organization’s specific threats, vulnerabilities, risk profiles, and compliance requirements.
Around-the-clock cybersecurity service
The majority of organizations rely on one or two IT security specialists. Cyber attackers, on the other hand, never sleep, and statistics show that the majority of cyber attacks occur outside of normal working hours, at night, on the weekend, or before or during major holidays.
Round-the-clock network monitoring is critical for the early detection of an active attack, which allows the incident response to be initiated more quickly, reducing the impact of an incident on the organization.
In an in-house model, the one or two people on the team are unable to constantly monitor the network and remain alert, leaving the organization vulnerable during the most dangerous times.
Monitoring of the network 24 hours a day, seven days a week. In order to monitor the networks of their customers, the cybersecurity services provider has a large team of professionals working in shifts. It is also ultimately less expensive because one employee can monitor multiple organizations after hours, reducing the financial burden.
A partner who is responsive before, during, and after an incident
Another advantage of managed security services is the comprehensive service they provide for integrating security safeguards, managing incidents, and applying incident lessons learned.
The provider of cybersecurity services is immediately on the scene in the event of an incident. The event manager understands systems and plans in place and is experienced in managing events – a skill that an in-house team may lack. A time-saving approach like this will enable the organization to locate a suitable organization and expedite the process.
Last Thoughts
Let’s face it: we live in the digital age. Our professional, personal, and financial lives have all begun to converge on the internet, mobile computers, and electronic media. Unfortunately, because of the prevalence of this phenomenon, we are more vulnerable than ever before to malicious attacks, invasions of privacy, fraud, and other such annoyances.
That is why cybersecurity is such an important part of maintaining a safe and well-organized digital environment. Cybersecurity safeguards us against hackers, cybercriminals, and other types of fraudsters. But, how well do you understand cybersecurity?
We hope that this post has increased your cybersecurity awareness. We’ll look at why cybersecurity is important, what types of threats exist, the best security solutions, and what you can do as an individual to be more secure when using the internet.
Additionally, if they were involved in the incident response, they will be familiar with the incident’s lessons learned and will be able to offer advice and support. Some companies will provide a free cybersecurity assessment for your company. Go out there and find them so that you can protect your company from cyber hackers. Have you heard the expression “peace of mind”? It’s invaluable!