{"id":4544,"date":"2021-07-14T11:41:03","date_gmt":"2021-07-14T16:41:03","guid":{"rendered":"https:\/\/www.stratospherenetworks.com\/blog\/?p=4544"},"modified":"2021-07-14T11:41:03","modified_gmt":"2021-07-14T16:41:03","slug":"the-advantages-of-outsourcing-cybersecurity-for-businesses-of-all-sizes","status":"publish","type":"post","link":"https:\/\/www.stratospherenetworks.com\/blog\/the-advantages-of-outsourcing-cybersecurity-for-businesses-of-all-sizes\/","title":{"rendered":"The Advantages of Outsourcing Cybersecurity for Businesses of All Sizes"},"content":{"rendered":"

\"ADuring a 2015 IBM Security Summit in New York City, Ginni Rometty \u2013 then chairman, president and CEO of IBM \u2013 declared that if data had become the new determining factor of competitive advantage for all kinds of businesses, then \u201ccybercrime, by definition, is the greatest threat to every profession, every industry, every company in the world,\u201d according to Forbes<\/a>.<\/p>\n

Years later, that statement still rings true, particularly as an epidemic of ransomware attacks<\/a> disrupts the operations of organizations of all sizes. The pandemic-driven prevalence of remote work<\/a> and the disintegration of the traditional security perimeter have made safeguarding proprietary data against the relentless barrage of attacks and new malware more complicated than ever before.<\/p>\n

Meanwhile, 64 percent of cybersecurity professionals report either a slight or significant shortage of dedicated cybersecurity staff at their companies, according to the 2020 (ISC)\u00b2 Cybersecurity Workforce Study<\/a>. Subsequently, 56 percent of the organizations included in the study face moderate or extreme levels of risk.<\/p>\n

If you\u2019re concerned about your company\u2019s IT security risk level, you could significantly reduce your odds of experiencing a breach by outsourcing some or all of your security services<\/a>.<\/p>\n

Drawbacks of Keeping Cybersecurity Completely In-House<\/h2>\n

Particularly as the cybersecurity threat landscape becomes increasingly vast and complex, there are some significant disadvantages to relying solely on an internal security team to protect your IT environment.<\/p>\n

1. Staffing costs. <\/strong>High-level cybersecurity talent is in short supply<\/a>, so it\u2019s not easy to attract and retain experts or invest in training beginners to get them up-to-speed in the field. Considering recruiting, hiring, training, salaries, vacation days and so on, the cost of in-house security staff can add up fast.<\/p>\n

2. Knowledge gaps. <\/strong>Given the vast number of specialties that exist within the field of cybersecurity, your team is bound to have some weak points and gaps in their IT security expertise, especially compared to a managed security service provider (MSSP) with a larger security staff whose members possess a variety of certifications and backgrounds.<\/p>\n

3. Limited time and resources. <\/strong>There\u2019s only so much your in-house staff can handle and so many hours they can spend on the clock. Keeping up with daily tasks, emerging threats, ongoing monitoring and more can easily lead to burnout for overextended security professionals.<\/p>\n

Ultimately, no one \u2013 regardless of size or industry \u2013 can afford to ignore cybersecurity and avoiding data breaches will only get harder as IT security threats become even more sophisticated. If your in-house team doesn\u2019t have the time and resources needed to stay on top of everything, you could find yourself dealing with a breach, the global average cost of which totaled $3.86 million in 2020, according to IBM Security<\/a>.<\/p>\n

Taking into account downtime, lost productivity, reputation damage and all the other fallout associated with a security incident, it makes sense to do all you can to stop breaches before they start \u2013 and for many businesses, outsourcing cybersecurity and partnering with an MSSP can make a big difference.<\/p>\n

Your Outsourcing Options: Manage as Much or as Little of Your Security Services as You Want<\/h2>\n

Depending on your needs and preferences, you can pick and choose which cybersecurity functions you\u2019d like to handle internally and which you\u2019d prefer to outsource to a third-party provider. The Stratosphere Networks team offers the following.Fully managed cybersecurity services<\/strong><\/a> (a.k.a., comprehensive MSSP offering): <\/strong>You can sit back and relax while our security analysts handle everything with the following solutions and services:<\/p>\n