Businesses that decide to invest in a cybersecurity strategy know that it is their first line of defense against a potential cyber attack. In our previous article, we discussed why businesses should allocate cybersecurity funding to their permanent budgets. One incredibly alarming statistic showed that 60% of small to medium-sized businesses had ceased to function after becoming victims of cyber attackers. This is even more concerning given research that 93% of cyber attacks could have been prevented by applying current industry safeguards. A business that invests in its cyber defenses will be able to combat against many threats to their systems.
However, businesses are still not adequately investing in their in-house cyber infrastructure because it is very costly and time-consuming to maintain. We found that businesses would rather concentrate their energy on operating the daily business instead of handling cyber and IT concerns. A cybersecurity program is like a well-fortified castle since it produces no profit and is costly to maintain. However, it shields the inhabitants from constant cyber threats that may cause devastating and irreparable harm to their digital systems.
Outsourcing is the best option for businesses that are unable to implement an in-house cybersecurity strategy. In fact, outsourcing cybersecurity provides many long-term benefits such as reliability and cost-affordability. In this article, we will discuss five main reasons why it is crucial to outsource cybersecurity and IT services.
1. Trusted Experts and Professional Analysis
A cyber defense vendor offers a specialized and around-the-clock maintenance-monitoring service that most businesses lack. In fact, the IT industry is very competitive and there is currently a shortage of professionals that remain at the same company for long time periods. However, IT and cybersecurity professionals tend to prefer working at outside firms because they are long-term oriented and provide both competitive rates and constant workflow. In addition, this makes it much easier to familiarize and specialize in the proper maintenance of their clients' systems. This approach solves the skills gap and provides a cost advantage for businesses that decide to outsource their cybersecurity and IT departments.
2. Eliminate the Hiring and Space Allocation Process
Businesses that try to build their in-house cybersecurity and IT services end up spending a lot of time, money, and resources. This is implemented with good intentions since they prefer to have a network infrastructure that is properly built and maintained by a well-trained and competent staff. It takes up a lot of space to house these departments and their massive stockpiles of hardware. This can also place a hindrance on the activities of the more profitable departments and can result in a massive backlash to the in-house efforts. Outsourcing alleviates these concerns and is more cost-efficient. Another added benefit of outsourcing is that the infrastructure and proper vetting of cybersecurity and IT employees have already been established. This makes it possible to incorporate a cybersecurity strategy on the very first day.
3. Specialized Risk Management
Businesses that attempt to solve their own cybersecurity problems end up discovering that they lack the necessary skills and knowledge to properly address their cyber risk. This is where an outsourcing firm will be of assistance as they are experts in minimizing cyber risk. The outsourcing firm’s job is to constantly be at the helm, monitor the network, and test it on a regular basis. This form of risk management by the outsourcing firm can greatly limit the degree of cyber threats that target the business’s network.
4. Constant Testing and Retesting of the Network
One of the key functions of an outsourcing firm is to constantly perform networking tests that check for ongoing weaknesses and threats to the system. Businesses may find this overwhelming if they lack the knowledge and expertise. This occurs when outsourcing becomes the primary option, and vendors like the Intellection Group will be ready to assist with this first line of defense. Network testing is a basic function in cybersecurity practice that is straightforward, mechanical, and varies very little from one company to the next.
5. A Reliable Second in Command
Outsourcing cybersecurity services mean that the executives and employees of a company can leave work at the end of the day while knowing that network security remains intact. In fact, the outsourcing firm is much like the client’s second in command as they guard their digital systems at all hours of the day.
It is imperative for businesses to ensure that cybersecurity funding is a permanent portion of their budgets. Outsourcing cybersecurity and IT is the best available option for businesses that lack the knowledge and expertise to manage it on their own. It also provides them with an IT team that offers experience, specialty, and infrastructure on the very first day. Relying on outside professionals who can handle cybersecurity on a wider scale also frees up time, focus, and internal resources for the business to operate more effectively. In addition, businesses will be able to focus on their primary duties while the outsourcing firm is protecting their fortified cyber castles.