Is your business shadowed by ghosts of IT threats present?
Bad puns aside, the cyber security landscape quite literally took a darker tone in 2020. With the surge in remote working and organizations clambering to set up work processes for remote working, the rapid surge in digital footprint has also been accompanied by a nearly unbelievable rise in threats. According to IDC, even barring major breaches, the average businesses are now likely to face costs to the tune of 1.3 million USD per year from cyber security-related incidents.
Let that sink in. More than a million dollars per year being siphoned out of your business just related to minor security breaches and threats. A major threat can literally destabilize your business for a long time – as we have seen with many high-level exits in reputed companies and brand reputation loss – all arising from security threats alone.
As this Forbes article puts it succinctly, “In a post-COVID-19 world, cybersecurity is as critical as Internet access itself.”
Even though the main attack vectors on average continue to be endpoint systems, emails and good old human error – it’s not like enterprises are dragging their feet when it comes to upping the ante on cyber threats. Forrester reports that enterprises are projected to spend a mind-boggling 12.6 billion USD on cloud security tools by 2023, up from 5.6 billion USD in 2018.
So, why are the threats now direr than ever?
The trick here lies in paying attention to the word enterprise. The majority of spending in cyber security is coming from large enterprises that have the muscles to flex. On the flip side of the picture are the SMBs who are quite literally being crushed under the rising cyber security skills gap that many businesses now find crippling. Cyber security is fast becoming as becoming as basic a need as access to the Internet and yet, effective enterprise-grade cyber security requires employing highly trained and experienced personnel who can (hopefully) stay ahead of an increasingly complex and evolving threat landscape. A feat that’s literally out-of-reach and prohibitively expensive for many SMBs.
However, just like Managed IT Services did a lot in levelling the playing field between larger and entry-level players in the same industry, outsourcing your cyber security needs remains a viable option for most businesses. In this article we will give you the top 6 reasons why you should consider outsourcing your cyber security requirements.
Benefits of Outsourcing Cyber Security Services
1. Save costs related to cybersecurity
Cyber security is no longer just a part of the background noise – it is a day-to-day necessity for any business, like electricity, Internet access etc. The cost of not implementing cyber security measures can cost your business millions annually, i.e., if you are lucky and don’t face a complete shutdown from a major threat. Or, you can go the other way and hire a host of cyber security experts who specialize in different facets of cyber security to protect your business. These resources are difficult to hire, train and maintain in-house and cost a pretty penny while rarely contributing to your actual business. Either way, cyber security will cost you a LOT of money whether you pay attention to it or not.
However, you CAN bring down this cost significantly by recruiting the services of a specialist cyber security agency that specializes in providing protection and offer a whole boutique of protection services in very reasonable packages.
A Cisco survey recently found that 55% of IT decision-makers identified cost efficiency as a key driver for outsourcing cyber security.
2. Get the specialized attention your business niche deserves
If you operate in a niche business area, you will be presented with a host of highly challenging security problems. You need experts with a high degree of affiliated domain expertise. Many top cyber security companies excel at providing niche cyber security support and bring on board a whole host cyber security experts to address your security vulnerabilities in the right way.
3. Benefit from a holistic approach to cyber security
Cyber security experts bring on board in-depth industry-wide knowledge of both threats and the best defensive tactics. The team will assess your vulnerabilities thoroughly and take over the responsibility of monitoring your network, maintaining the security integrity of your endpoints, and incorporate practices like application vulnerability monitoring, firewall management, and configuration management. They will detect any anomalies much faster and deploy an appropriate response before the threat has time to take hold. They will also employ advanced techniques such as risk prediction analysis and adaptive risk modelling to prevent he occurrence of Advanced Persistent Threats (APTs) and other advanced threats.
4. Improve Threat Detection and Incident Response Times
With a host of holistic security practices at play, your rate and speed of threat detection will improve manifold. Most importantly, the agency will always have the best of security tools and experts ready at your disposal ready to go in case of any security incident.
5. Multi-layered protection and security training for your in-house teams
Advanced security threats need to be shored up with multiple layers of protection. Cyber security experts will design a system customized to your business that will employ the right monitoring and authentication strategies to minimize the scope of attacks as well as human errors.
Human errors remain an Achilles heel for businesses with attackers targeting employees with sophisticated social engineering tactics. While password hygiene can be taught and enforced, it’s harder to teach employees to notice security red flags. This is why Vermont Cybersecurity Providers often include intensive employee training in security packages to help businesses address this problem.
6. Peace of mind to focus on what matters – your business
With evolving market complexities, it’s become harder and harder for businesses to maintain a competitive edge. Cyber security experts can help businesses build that edge simply by taking away the worry of a completely unnoticed threat threatening the existence of the business. With survival worries diminished, businesses are free to focus on what they do best – build better products/ services and delight their consumers.
Vermont IT Support company, TGVT offers customizable tiered cyber security packages for businesses of all sizes to help combat against the rising incidence and complexity of cyber security threats.
Talk to our IT Support experts today to know more.