Welcome to part two of our blog detailing 5 more benefits of outsourcing to an MSSP. The first five can be read here.
1. Highly experienced security experts
Experts providing managed security support services tend to be more effective with advanced security measures than in-house teams may be. These professionals are specialists in their field and have expertise in managing risk, implementing controls and developing customised security strategies. The level of training and education these professionals have is financially impossible for most companies to provide.
2. Reduced salary costs
Even small businesses that wish to staff in-house professionals are likely to be looking at a minimum of three employees to handle the technology, patching, monitoring and assessments. The average salary for a qualified infosec worker is around €75,000. This means that even small businesses would need to budget around €250,000 a year on salaries alone. This figure obviously does not include costs for out of hours, office space, training and employee benefits.
3. Advanced technology
Another critical advantage that MSSPs offer is the technology they use to protect clients. While many companies have advanced security products, not one of them is the silver bullet that will prevent all cybercrime. MSSPs have the knowledge and experience to not only select the most appropriate technologies, but to deploy and proactively manage them to deliver optimum security.
4. Industry experience
MSSPs have visibility of the security posture of a large number of global organisations. This enables them to be familiar with a huge variety of industries as well as knowing the best way to deploy and manage the technology to defend against different sector threats. This provides ongoing analytics, further helping MSSPs evolve and change with the landscape.
MSSPs enable both small and large organisations to replace unpredictable capital expenditures with predictable operational costs
5. Managing Risk
According to CIO magazine, only 37% of corporate directors are confident with their organisations’ cyber security plans. There is no mystery about what boards and executives should be doing to ensure their organisations are paying attention to information security. Section 5 of ISO/IEC 27001 describes 18 requirements for “top management” with respect to developing an organisational information security management system (ISMS).
These requirements include policy development, resource allocation, continual improvement, documentation, reporting and a great deal more. Organisations cannot manage these risks alone and need to rely on trusted MSSPs with the appropriate skills and experience to drive security within their organisations.
By partnering with an MSSP, organisations reduce the requirements associated with maintaining a cyber security program and focus on core business, engage employees and deliver value to shareholders.