With the massive attack on data, thefts, and breaches, and security breaches, it is evident that company leaders are so concerned. No matter whether you have a small or a medium-sized business, cyber hackers are waiting for opportunities to invade your computer systems and steal confidential and business data.
Based on the findings of Juniper Research, cybercrime costs approximately $2.1 trillion in 2019, which are almost four times the breaches in the year 2015. These days, internet thefts resulted in ransomware, malware, thus crippling business big or small.
According to an article published in Entrepreneur, small-to-medium enterprises (SMEs) should look for managed service providers that offer the best, cost-effective, and all-encompassing security solutions to benefit your business. Here is how:
- Cost savings and salary savings
A managed security provider will save businesses considerable upfront costs when it comes to technology and predictable monthly expenses. Again, several SMEs that evaluate in-house professionals will be seeing at least three employees to deal with patching, technology, assessments, and monitoring.
The average income of a qualified InfoSec employee is around $100,000 and small firms need to create a budget of $300,000 every year on salaries. Now, these expenses are exclusive of office space, perquisites, and training.
- Unparalleled protection
The greatest benefit of MSSPs is the protection they provide. When it comes to managed service providers, they have state-of-the-art solutions that use avant-garde, well-tested technologies such as machine learning, artificial intelligence, as well as threat intelligence.
Considering a managed security service provider and its extensive reach, they have inimitable insights into the worldwide landscape and current internet security threats. As the nature of cyber thefts and criminals changed over the years, one of the benefits of MSSPs is that they provide 24/7 IT services, constantly keeping an eye on all security systems and internal IT infrastructures.
- Considerable savings on modern technology
Unlike firms that have cybersecurity professionals, managed service providers can stretch the fixed cost related to their technology investment over a huge consumer base, moving those savings to the customers.
Based on a report by the International Data Corporation (IDC), it was discovered that firms that switched to MSSPS managed to reduce IT infrastructure expenses by 24 percent.
Considering the savings firms can witness from not having their internet security employees, a few of the most important cost savings managed services providers offer is related to investments in technology.
As you know, managed service security providers are capable of continually remaining updated with the current and innovative technologies, defending against whatever the modern cybercriminals crop up with subsequently. Investment in such technology is costly for individual firms, as well as the cost of licensing, training should be taken into consideration, as well. MSSPs let small businesses, as well as big companies; restore random capital costs with expected operational expenses.
Cyber threats and data breaches are increasing at a disturbing rate even when it comes to large corporations witnessing gaps in their IT security systems. When you work with an MSSP, your data is safe and protected from cyber hackers.