A recent study by Ponemon Institute found that the average total cost of a data breach is $8 million. With the increasing number of cyberthreats, it’s no wonder businesses are turning to managed cybersecurity services to help protect their networks and data.
Managed cybersecurity services provide 24/7 monitoring and response to cyberthreats, helping businesses to quickly identify and mitigate risks. By outsourcing cybersecurity, businesses can focus on their core competencies and leave the protection of their networks to experts in that field.
If you’re looking for enhanced cybersecurity protection for your business, consider managed cybersecurity services.
Are Managed Cybersecurity Services the Right Choice for You?
There are several reasons a company might decide to invest in managed cybersecurity services. There could be a skill-set gap in your company; your IT department is more than capable of managing the day-to-day responsibilities of network and technology maintenance, hardware and software upgrades, and troubleshooting, but don’t have the level of knowledge necessary to plan and execute a thorough cybersecurity protection plan.
It could also be the case that your current IT staff has a full workload with no additional personnel resources for cybersecurity work. Perhaps your financial department recognizes the need for preparing for a cyber attack, but for budgetary reasons they want to leverage the contacts of a managed cybersecurity service provider, for whom pricing of tools and software is often more competitive.
Another common need for managed cybersecurity services is after a breach, such as a ransomware attack or a phishing scam, has already occurred. If a cyber incident occurs, there might be a requirement from an insurance company covering the losses to bring in a third party for a forensic audit.
What Are the Benefits of Using Managed Cybersecurity Services?
Managed Cybersecurity Services can provide many benefits to businesses of all sizes. The most obvious benefit is the increase in security that is provided, but there are other benefits as well.
Maintaining a secure network can be difficult and time consuming, especially for a small business with limited staff, so having a service that can take care of it for you can be of significant assistance. Furthermore, they can provide training and knowledge to your current IT staff.
In addition to protecting your business from cyber threats, using managed cybersecurity services can help you stay compliant with relevant industry regulations, especially if you regularly handle sensitive electronic documents such as financial reports or medical records.
A managed cybersecurity service can also help with tightening or evaluating email and/or network security, endpoint security, and conduct cybersecurity training to help employees recognize and report suspicious activity.
An outsourced provider may also act as an SOC, or a security operations center, which can provide 24/7 internet security monitoring. This includes continuously searching network security logs, looking for anomalies and determining if those anomalies are harmless or if further investigation is warranted.
Cybersecurity requirements may change from year to year or even from month to month. An in-house team does not typically have the latitude that an outsourced managed cybersecurity firm does. If you require additional resources or personnel, your in-house team could become overextended, and if the necessity for IT security services diminishes, employees of your in-house team can become extraneous to your current needs.
In contrast, partnerships with outsourced managed security firms can be scalable or modular. Businesses contract for the assistance they require, allowing them to quickly acquire additional services when needed, or decrease the resources if they are no longer necessary without making changes to their in-house staff.
Contact Socium Solutions
If you’re looking for a comprehensive solution to your cybersecurity needs, then a managed cybersecurity service may be the right choice for you. If you’re interested in this option but aren’t sure where to start, contact Socium Solutions today. We can answer any questions you may have, and are fully able to assist with all of your managed cybersecurity service needs.