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Cybersecurity as a Service?

The threat that malicious actors can pose to an organization is growing every day. Attacks on organizations are very frequent, and the cyber risk that companies face can have devastating consequences. There is a new ransomware victim every 11 seconds and a hacker breaks through a security check somewhere in the world every 39 seconds. This can have dire consequences for your organization, and new levels of complex security are needed to keep your company’s valuable data safe and compliant with regulations. However, many companies don’t have the resources, bandwidth or institutional knowledge to keep their networks safe. This is where cybersecurity as a service (CSaaS) comes into play.

But what is cybersecurity as a service?

The threat that malicious actors can pose to an organization is growing every day. Attacks on organizations are very frequent, and the cyber risk that companies face can have devastating consequences. There is a new ransomware victim every 11 seconds and a hacker breaks through a security check somewhere in the world every 39 seconds. This can have dire consequences for your organization, and new levels of complex security are needed to keep your company’s valuable data safe and compliant with regulations. However, many companies don’t have the resources, bandwidth or institutional knowledge to keep their networks safe. This is where cybersecurity as a service (CSaaS) comes into play.

How investing in managed cybersecurity can help your business become more protected

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No matter the industry that you work in, or the size of your organization – it’s a fact of life that you will be targeted by cyber-criminals. cybersecurity as a serviceWith the ramping up of the complexity and frequency of attacks, the tools that your organization needs should also be ramping up in their robustness to counter. It’s vital to bear in mind that a major attack on your business is a when situation, not an if. In 2021, 67% of organizations reported being a target for ransomware, and the volume of attacks in that year was up by 11x compared to previous years, according to Fortinet. As stated above, many organizations don’t have the infrastructure or specialized human resources in place to prevent the catastrophic damage that these attacks can cause – this is where CSaaS makes the difference. Some of the benefits that using a service for cybersecurity brings include:

  • It can be cheaper: Cybersecurity professionals are in high demand and getting a team together to stop threats can cost your organization large sums of money on salaries alone, not to mention the technologies that you need to buy. The margins of maintaining a large team of qualified professionals can be cut down by working with a service that provides you with the same levels of network security and risk reduction without having to pay salaries. Working with a CSaaS organization can help your company quickly and cost-effectively set up perimeter networks, and effective endpoint security and adopt a multi-layered security approach.
  • The economy of scale is a glorious thing:This goes hand-in-hand with cybersecurity service providers being largely cheaper. These companies can afford to buy top of the line cybersecurity solutions from market-leading vendors that your organization may not be able to afford on its own. Not only do you increase your cybersecurity capabilities, but you also get to do it for cheaper than it would be to purchase it for your business.
  • You can be more flexible: With an in-house team, what you see is what you get – purchasing and training on new technologies to better match your business’ realities can take large amounts of time. With a cybersecurity service provider, you can quickly make adjustments on the go without having to worry about internal training.
  • Compliance and insurance: A strong cybersecurity as a service provider will be able to ensure that you’re staying compliant with all regulatory requirements in your industry. To add a cherry on top, you may be able to lower your insurance premiums regarding a cyber-attack or data breach if you can prove that you’re working with an experienced cybersecurity partner to protect your data.
  • Better service, better uptime: Many organizations can’t maintain a full 24/7 data center and cybersecurity monitoring center. Working with a cybersecurity service provider can provide those tools to your organization, making you better able to respond to a cybersecurity incident no matter when it may occur.

These benefits can greatly assist any organization in rapidly bolstering its security posture and minimizing risk without the need for costly security teams. Cybersecurity services bring the peace of mind that your organization is compliant with data laws and that your data is secure and can, and should, come from an outside source.

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Picking the right cybersecurity vendor for your organization

When looking for a security services vendor for your company, it’s important to do some ground research on what your needs are first. Performing a preliminary security assessment of your current needs, tolerances for risk, current ability to deal with cyber threats and ability to mesh with partners is very beneficial in ensuring that your cybersecurity service partnership works. When looking for a company to assist you, it’s important to make sure that they have the capabilities to protect your organization in the manner that you need with SLAs that are agreeable to your company. Ideally, your security service provider should also be able to help your organization keep up with regulatory requirements, as well as be able to provide you with industry-leading software solutions for your needs.

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