Why SMBs Should Outsource IT Security

Information Security is becoming the most important thing for SMBs. SMB market dynamics and Cyberthreats have changed with time. The threat landscape is evolving and SMBs need to protect their resources from hackers. Most SMBs don’t have access to an in-house IT security team. Thus, they don’t have enough IT expertise to avoid cyberattacks. Many SMBs still think that they are too small and hackers won’t target them. However, these SMBs are mostly serving larger organizations. They can act as a gateway for attackers. In this article, we are going to talk about the importance of outsourcing IT security.

Why should SMBs consider outsourcing IT security?

Preparedness is the biggest issue for SMBs. SMBs don’t have access to specialized skills and resources. Thus, it is very difficult for them to protect their applications and data. On average, only 20% of SMBs have access to an in-house IT security team. Most SBMs still rely on their tech-savvy employee who needs to handle both general and specialized IT responsibilities. It is better to have some cybersecurity support. However, most SMBs don’t have access to 24x7x365 data protection. If your IT team is focusing on data protection, then they won’t get time to focus on other activities. They can’t work on your core products. Most SMBs know the consequences of cyberattacks. Thus, they are now working with MSSPs or Managed Security Service Providers.

How much would a cyberattack cost?

We can’t assign a specific dollar amount to the impact of these attacks. However, these attacks are definitely very costly and it can affect the business of all sizes. You can lose thousands of dollars due to a data breach. But, this is only the direct cost that you will see. You also need to think about the lost revenue as a lot of your customers won’t work with you. It will become difficult to find new customers for your business. Thus, cyberattacks can completely disrupt your business. SMBs should invest their money in IT security if they want to avoid these situations. Your partner can help you in avoiding these attacks. They will create a Disaster Recovery Plan which will ensure that you can recover from cyberattacks and downtime. They will help you in quickly recovering your data. Now, we are going to talk about the benefits of working with MSSPs.

1. MSSPs offer better IT protection

MSSPs have access to the latest security technologies. They have already tested these technologies in various organizations. Also, MSSPs are offering more advanced services now. They can provide endpoint protection, firewall management, vulnerability monitoring, VAPT, and monitoring. Many MSSPs are also using advanced technologies like deep learning and machine learning for finding vulnerabilities. Thus, many more SMBs are now working with MSSPs. Even organizations that have the latest technologies are working with MSSPs. You can’t create a multi-layered security approach by buying the latest security technologies. Your provider will help you in integrating these defensive programs. These security tools are not easy to integrate. Your partner will help you in handling this process.

2. Cost Savings

It is difficult to maintain modern cybersecurity programs. You need modern hardware for running advanced security applications. Also, you need to buy modern security tools and applications. You need to hire security professionals and also need to invest money in their training. MSSPs can help you in avoiding all these costs. If you are working with an MSSP, then you don’t need to worry about these costs.

According to a study by CompTIA, MSSPs can reduce your IT spending by more than 25%. You can invest this money into more important areas like marketing and employee training.

3. Access to Security Experts

IT Security is a combination of people, technology, and processes. You can’t protect your network just because you have access to good tools. If you are implementing a security program, then you need to ensure that it aligns with your business needs. Many businesses need to deal with industry-specific challenges. For example, retail businesses need to follow the PCI DSS compliance and the hospitals need to follow HIPAA compliance. Your provider will ensure that you are meeting these compliance needs. They have access to security experts that can help you in implementing controls and managing risk.

4. You can focus on your business

Many organizations were not taking IT security seriously in the past. However, executives are finally realizing the importance of IT security. They are now focusing on creating a good security organization. But, only professionals can help you in managing this risk. Cybersecurity should support the mission of your business. Sometimes security professionals will get lost in the latest tools. They will implement these tools just because they are advanced tools. However, they should also consider business objectives before installing these tools. The biggest challenge for SMBs is to balance between their business objectives and security needs. Attackers are using more complex attacks with time. Thus, you need to use better security solutions for protecting your data.

You need capabilities like threat anomaly detection, web monitoring, and big data analytics. However, it is very time-consuming to implement these solutions. If your IT team is implementing these solutions, then they won’t get time to work on core processes. You can reduce these requirements by working with MSSPs. If you are working with MSSP, then your executives can focus on your business needs. Security is actually a business issue. If you are managing it correctly, then your executives can work on developing your products. Your organization’s main aim is to serve customers and protect your employees.

Conclusion

SMBs don’t have access to resources and security professionals. Thus, they are not ready to handle cyberattacks. They are more vulnerable to the latest attacks and need more advanced protection. Most SMBs are already working with MSPs. MSPs can give you access to security professionals. You don’t need to waste your resources and time in managing IT security. Experienced MSPs like Bleuwire can help you in protecting your data and applications from attackers. They will regularly monitor your IT infrastructure and network for threats. If you need more information regarding IT security, then you can contact Bleuwire.

Contact us today to learn about Bleuwire™  services and solutions in how we can help your business.