The internet is growing at an alarming rate and those who are doing business on the internet in order to keep up with the trends and the fads are aware of the level of risks of threats and breaches they are likely to face on the digital platform. As technology is advancing, companies are shifting their data to the Cloud, thereby, increasing the risk of cybersecurity breaches, hacking, viruses, and other internet-based threats.
Businesses, small and big, have moved on the digital world, where the efficiency of doing the work and cost-effectiveness is on the rise, on the other hand, there are higher risk factors moving in to cripple the businesses, thereby, creating the need for better and smarter security systems and approaches. The companies have to incur huge expenses in order to fill the gaps in the cyber security operations in addition to the regular expenses such as staffing, training, and other related expenses.
Modern cyberspace operations have made it quite difficult for the companies to handle the requirements and have preventive measures planned out in case of a breach. Most companies employ their existing IT staff in the task of handling the company’s security concerns which have their own downside. This is done in order to save a little money. However, contrary to the belief, hiring a Third-Party Managed Security Service Provider has more advantages and proves to be beneficial for the company. The added responsibilities on the in-house staff can become problematic and will, in turn, add more expenses rather than reducing them.
Business owners are aware of the amount of threat they are facing from the cybercriminals and the risks the business will face in case of a breach, that including the expenses, services and ultimately, the reputation of the business. However, only one aspect keeps them from hiring an MSSP and that is money, whereas, hiring an MSSP will only help in saving money by preventing any breach or having a programme formulated in case of a breach or a threat.
THE CONS OF INTERNALLY MANAGING THE SECURITY
– The in-house IT professionals will be burdened with the additional responsibilities of handling the company’s security operations in addition to their regular line of work. This will shift their focus from the more important core roles that they perform within the company.
– Added training costs to be incurred by the company in order to train the staff and keep them up-to-date in order to help them find solutions for any threat or breach.
– Difficulty in retaining the trained employees as they shift jobs looking for greener pastures, thereby, adding more burden on the company in hiring, staffing and training new employees to fill the voids.
THE PROS OF HIRING THIRD-PARTY MSSPS
– Solution before the problem occurs
The MSSPs are trained and experts in the field of cyber security and they can fore sense any danger or threat and have a solution or a plan of action ready in case of any breach or virus attack or threat from external or internal source. The MSSPs also help in cost reduction, easy management, changes, reallocation, and addition or reduction of human resources as and when the company grows.
– Continuous support
The MSSPs provide complete and around the clock support to a variety of businesses. Their established security operation center run and monitor security operations 24*7 and provide better coverage to the business. Their level of expertise cannot be matched by the in-house IT professionals.
– Up-to-date technology
The MSSPs have to keep their technology and services up-to-date in order to stay ahead in their field and also, ahead of the cybercriminals. They have to cater to a wide variety of businesses and have to meet the requirements of these businesses, thereby, having better specialization and expertise in the cyber security field. Reputed MSSPs implement the best cyber security practices and keep updating themselves periodically.
– Reducing the breach-related expenses
For any business, storing data over the Cloud, having their sensitive data being stolen, leaked, or hacked, could be a very bad news and even the death of the business as the breach-related expenses incurred can be mountainous. Here, the MSSPs step in to prevent the breach and the hackers from barging into your systems.
– Reduces expenses of staffing and training
A Third-Party MSSP eliminates the need for hiring and training additional staff to meet the company’s security requirements and ultimately, reducing costs and expenses.
Sadly, the businesses are moving to the digital world with the intention of increasing the efficiency and reducing the cost but in reality, they hire an MSSP only after the breach has occurred.
So, get smart, get alert and hire an MSSP today.
