Why Cyber Security Solutions can be cost effective
Cyber security has taken centre stage in businesses, organizations and government institutions today. Due to the role that technology plays in the security industry, more collaboration is required for better success against cybercrime. As technology advances, so does the need for better security efforts. This results from hackers developing more sophisticated ways to attack security systems.
Even though technology has also helped many businesses keep up with the latest security trends, a small business might still struggle. Lack of proper security infrastructure and funds to implement security measures contribute to these small businesses falling victims to cybercrime. To protect their data and their operations, businesses have turned to managed cyber security services because they are cost-effective and affordable.
Below are some of the reasons cyber security services are a viable option to bolster your security effort:
Reduced labour costs
Cyber attacks can happen at any time, and businesses require constant protection to ensure that their system is protected. Having an in-house team to work on your IT system means they’ll only monitor the system during work hours. Having another team to monitor the system at night means incurring more expenses in labour costs. (1)
However, by outsourcing your cyber security efforts, your company has access to great talent in the industry. The third-party cyber security service will also provide around-the-clock monitoring on your security system. This means that you don’t have to spend much recruiting an IT team to keep watch of your security system all the time, saving you in labour costs. (1)
Deploy new technology quickly
Deploying new technology in your business requires you to employ the right team, purchase compatible infrastructure and also train staff on how to use it. Considering the nature of cyber security, you’ll have to deploy new technology more frequently than you may have previously thought. Thus, it takes up much cost and time to get everything set up and running. (2)
In contrast, managed cyber security services provide experience and skills in different projects, so adopting new technology isn’t a problem for them. Also, the service provider has the proper infrastructure that allows scalability and deployment of new technology without the need to purchase anything. Therefore, your business gets access to any latest technology. (2)
Reduced recovery costs
The primary purpose of cyber security is to prevent data losses. Once hackers breach your company’s data, you’re likely to face fines and penalties, which can amount to a hefty sum. Choosing to recover the stolen data takes both time and money, yet still there are no guarantees you’ll be successful. (3)
So the best way to ensure that you avoid all these recovery expenses is by outsourcing cyber security services. First, the third-party IT company that you’ll hire has professionals who can help identify and cover any vulnerability in your system. Second, they offer data recovery solutions, so you won’t have to incur any extra costs in case of a disaster. Finally, managed cyber security systems can spend time in the recovery phase, while your business can focus on income-generating operations. (3)
Downtime is costly in any business, as operations stop so the revenue also stops. The leading cause of downtime in business can be a malfunctioning system be caused by system lags, connectivity issues or a cyber attack on the system. Therefore, your system needs constant monitoring to ensure any threat or issue is dealt with as it arises. An in-house cyber security team may not be effective in such cases.
However, by outsourcing the cyber security needs, the needs are constantly monitored and repaired as they arise. The company you’ve hired has around-the-clock coverage, which will help eliminate any downtime. (2)
Access to better infrastructure affordably
As cyber security is an ever-changing scope, new technologies and protective measures can exist without you knowing. For example, a company might launch new software in a different region, and it will take years before you can access and use it. Also, you’ll be required to pay for every purchase you make in these technologies, and this might not be viable to small businesses.
But by getting cyber security services, you can work with an agency that’s in a different region to you. This means, you can get access to better security infrastructure that has been launched in those areas and protect your business in better ways. Also, as the agency strives to adopt new technology, you’ll get the benefits without making the purchases and upgrades yourself. (1)
As cyber security is crucial in any organization, this is something you shouldn’t take for granted. However, as businesses strive to comply with security measures, it could still be challenging to implement them, considering how rapidly technology changes.
Therefore, getting managed security services is a good consideration. It’s affordable and cost-effective, as discussed in this article. Moreover, it doesn’t take much time to implement, as professionals handle it.
Level your cyber security
with Kaine Mathrick Tech
- “8 Benefits of Outsourcing Cyber Security Services for Your Business”, Source: https://www.edmchicago.com/benefits-of-outsourcing-cyber security-services/
- “5 Benefits of Using a Managed Services Provider”, Source: https://boring.com/5-benefits-of-using-a-managed-services-provider/
- “4 Business Benefits Of Outsourcing Cybersecurity Operations”, Source: https://theenterpriseworld.com/4-benefits-of-outsourcing-cyber security/