Pros and Cons of Cyber Security Services

A strong cyber security foundation is essential for the success of a business. Before you decide whether you should outsource cyber security services, you need to understand why cyber security protection is important. Cyber security basically protects your business from cyber threats. But it is not only about protection. Efficient cyber security requires a layered approach that is consistently expanding and updating to stay one step ahead of any cyber threats. However, you must first ask yourself this: should I go for in house or outsource cyber security?

In-house vs. Outsourced Cyber Security

Whether you go for internal or outsourced cyber security service, you need to keep in mind the basic protocols in order to make an informed decision for your organization. Here are some of the protocols:

●      What Kind of Cyber Security do You Need?

Step one is to understand the particular vulnerabilities in your company that put you at risk for a cyber threat. A cyber security service offers security consultation to help you determine what your company needs most.

●      What Cyber Security Regulations Apply to Your Company?

Regardless of whether you outsource or implement cyber security internally, you must find out about the security compliance regulations that apply to your company. Cyber security and data management differ based on the type of organization, its location and the kind of data on its network. You must make sure that the security solution you choose keeps you updated with your cyber security standards.

●      Do You Need to Create a Budget for Cyber Security?

Putting yet another item on your company’s budget may seem a little stressful. Nevertheless, determining your need for cyber security protection using cost analysis confirms that setting aside a budget for cyber security is crucial for the successful running of your organization. It does not matter whether you choose to implement a cyber security framework internally or outsource it, you cannot afford to cut corners and risk the much more expensive results of a cyber-attack.

What Is Meant by Outsourced Cyber Security?

Outsourced cyber security is a service that is managed by an external body that hires expert and certified cyber security professionals to take care of your organization’s cyber protection requirements. Outsourced cyber security services make sure that your company is safeguarded by experts who specialize in managing and protecting your data. Several cyber security service providers may also offer additional services to assist you in resolving and recovering from a cyber threat in one go.

What Are the Pros of Outsourcing Cyber Security Services?

1. 24*7 Availability

One of the major advantages of outsourcing cyber security is quick response and monitoring. Cyber threats and attacks tend to take place frequently outside of business hours. Instant incident response is vital during a cyber-attack. It hardly takes three seconds for a cybercriminal to hack and mess up your data. With threats coming at this speed, your company cannot really afford to waste time waiting for a response. Having a cyber security service around the clock can assure that your company is able to tackle down cyber threats efficiently.

2. Cost-effective

An outsourced cyber security service has common cyber security costs and time estimates laid out to make sure that you know which services are important as well as cost-effective for your company. Hiring an outsourced cyber expert will eliminate payroll and employee benefit package costs that you have to incur in the case of managing cyber security internally.

3. Expertise on Cyber Security 

Outsourcing the cyber protection for your company to a reputed cyber security service provider offers you access to experts with the understanding of any current threat landscape and proprietary threat intelligence. With the help of this knowledge, cyber security professionals are able to offer personalized cyber security protection for a wide array of business types and sizes.

What Are the Cons of Outsourcing Cyber Security Services?

1. Workload Is Spread Between Customers

An outsourced cyber security service provider generally serves more than one client at a time. There will be times when your request may not be addressed with the same immediacy as it would be by an internal team as your organization is not their only responsibility.

2. Insufficient Understanding of Your Company

The only priority of an outsourced cyber security service provider is to keep data secure. They do not have a thorough knowledge of your company like an internal team would. Unless you notify them, outsourced cyber security experts will not be aware of everyday changes in your company. Knowing the ins and outs of your company is particularly essential for specialized industries that need certain data protection to be compliant with their regulations.

3. Might Try to Upsell You on Services That Do Not Suit Your Requirements

Cyber security services generally give protection subscriptions that are designed to suit the requirements of their primary client base. The standard packages offered by cyber security vendors are not customized for your company and can lead to overspending of your cyber security budget. Many cyber security service providers will try to upsell you on more security solutions that your company needs.

Now that you are aware of the pros and cons of outsourcing cyber security services, your next step is to decide whether or not it is the right choice for your company. With the help of this guide, we are certain that you will be able to make an informed decision.