Top 5 Benefits of Outsourcing Managed Network Security Services

Managed Network Security Services

A cyber attack happens every 39 seconds, making it essential for companies to have adequate resources to combat the increasing threats. This is where managed security services can help.

Outsourcing to an MSSP frees a company’s internal IT team to focus on tasks supporting overarching business goals. Here are the top 5 benefits of outsourcing to an MSSP:

1. Cost-Effectiveness

Building a cybersecurity team in-house can be cost-prohibitive, especially for non-technology-focused businesses. Significant costs are associated with acquiring software and hardware infrastructure and hiring and training experts to run your security operations center (SOC). Outsourcing these services to an MSSP can save you money and be more cost-efficient than maintaining an in-house team.

Managed network security services offer a variety of pricing models, such as pay-per-device or pay-per-user, so you only pay for what you need. This is a cost-effective solution compared to hiring an in-house security team. As your business grows, the expenses of hiring additional staff and acquiring equipment can quickly add up.

Moreover, MSSPs typically have broad experience with various security tools and strategies. Access to their insights can help your business level the playing field with larger companies in terms of cybersecurity. In addition, if you are working in a regulated industry, an MSSP can also help with your compliance management programs to ensure your company stays in line with regulatory requirements.

2. Scalability

The ability to scale up or down regarding security services is crucial for many firms. Hiring enough in-house security specialists to keep up with demand can be expensive. Still, MSSPs typically have a large pool of cybersecurity experts they can draw from, meaning they can provide more services without breaking the bank.

MSSPs also often have a more comprehensive range of tools and technologies at their disposal, which they can use to monitor the threat landscape on your behalf. It gives them a better sense of what types of attacks might be targeting your firm and can help you take steps to mitigate those risks.

Finally, an MSSP can help you stay compliant with different regulations and standards at a national and international level. It lets you avoid costly penalties and lawsuits resulting from massive data breaches. This is a significant benefit, as breach-related costs can quickly cost millions. It’s essential to regularly review your data and systems, ensuring that any accounts used by the MSSP are disabled when personnel transitions over.

3. Reliability

MSSPs can monitor a business’ network in real-time and react immediately if a security breach is detected. It prevents operational downtime and allows firms to focus on their core goals.

An MSSP can also help reduce the costs of hiring and training an internal cybersecurity team. It comprises the hardware, software, and infrastructure required to support them, which can lead to significant cost savings for a business.

Furthermore, an MSSP can provide virus blocking, intrusion detection, and virtual private network management services. It can help to keep a company’s information protected and avoid costly data breaches.

Additionally, an MSSP can provide compliance services to ensure that a business meets industry regulations and standards. It can help to avoid expensive fines and reputational damage. They can also help improve a company’s security posture by monitoring vulnerabilities and providing advice.

4. Flexibility

The cost of maintaining cybersecurity in-house can be a significant hurdle. In addition to hiring security specialists, companies often have to pay for the tools, hardware, and software necessary to monitor potential threats outside of regular business hours.

An MSSP can handle these tasks, allowing your team to focus on core business functions and strategic initiatives. It also helps you avoid unforeseen expenses associated with massive data breaches, such as investigation costs, IT repairs, and lost profits.

As an additional benefit, an MSSP can help you move large chunks of capital expenditures (CapEx) to operating expenditures (OpEx). It makes scaling your security services as needed easier while providing budget stability.

For small businesses, an MSSP can level the playing field against large corporate competitors with access to top-of-the-line technology and expertise. Eliminate the need for a fully staffed IT security department and save thousands of dollars for your business. Finding talent, interviewing candidates, negotiating salaries, and training take up valuable time you can devote to strategic projects.

5. Time-Sensitive

A competent MSSP will allow your company to respond to cyber-attacks quickly, mainly if the attacks occur outside of business hours. It can prevent a prolonged reaction time that would result in massive losses.

Another way that an MSSP can increase efficiency is by providing 24/7 monitoring of your systems. It will help to minimize the risk of a data breach and downtime that could cost your business thousands in lost revenue.

An experienced MSSP can also provide expert advice and guidance on cybersecurity issues. This is because they can work with multiple clients and industries, giving them the experience needed to provide valuable insight.

A high-quality MSSP can also keep up with industry changes and compliance regulations. It will help your organization avoid non-compliance issues, which can lead to expensive fines and damage to reputation. They can also serve as your advocate and guide you through the complicated process of obtaining and maintaining compliance. This is a significant benefit that many businesses need to realize.

Amie has a love for numbers and holds a master’s degree in finance. When she’s not playing with numbers or words or pottering in the garden, you can find her in the kitchen roasting her own coffee beans.

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