Benefits of outsourcing to an MSSP – part 1

Posted by John Ryan
on 31-Jul-2019 08:12:00

A 2018 report found that cybercrime in Ireland is double global levels, with four out of 10 organisations failing to assess the risks. And, as we say, these are just those that know they’ve been attacked. Many of the other 60% probably don’t know they’ve been hacked!

Our last post covered why you should outsource your cyber security. Here, I provide more details regarding the benefits of outsourcing your cyber security to an MSSP (Managed Security Services Provider). Part 2 of this will be published on 14th August.

Securitychain

What are the benefits of outsourcing to an MSSP?

  1. Unrivalled Protection

One of the most significant benefits that MSSPs offer is their superior protection. MSSPs typically have advanced solutions that use well-tested technologies including AI, machine learning and threat intelligence. Because they work with a number of different companies in different industries, MSSPs have unique insights into the security landscape as well as the latest cyber security threats.

  1. 24 hour service

As threats and criminals evolve and work 24 hours a day, MSSPs provide around-the-clock services to help counteract their efforts.

  1. Reduced costs

A Managed Security Service Provider saves organisations significant upfront investments in technology as well as providing predictable monthly costs.

  1. Improved compliance

MSSPs have dedicated staff providing personalised cybersecurity services, ensuring each business meets all regulatory and compliance needs as well as mitigating top risks. By tailoring a program specifically for each company’s unique needs, MSSPs maximise return on investment while still addressing the most vital priorities.

  1. No upfront technology costs

Another way that MSSPs save your organisation money is that there are no up-front costs on expensive technology. For example, if you choose to maintain security operations in-house, you could quickly spend hundreds or thousands of Euro on the necessary cyber security and equipment before you are even up and running. With an MSSP, their facility, application and analyst costs are distributed across their entire customer base, allowing your security operations to begin without the large up-front expense.

Investing in cyber technology is expensive for individual companies, never mind licensing and staff training costs. Some of the greatest savings MSSPs offer is associated with these technology investments. MSSPs constantly stay updated with the latest technologies, protecting organisations against new global threats.

MSSPs enable both small and large organisations to replace unpredictable capital expenditures with predictable operational costs

Topics: Security, SecureOperationsCentre

Written by John Ryan

John Ryan has over 25 years’ experience in the IT industry gained in high profile roles in the IT Security market with Entropy, Calyx and as founder and CEO of Zinopy. He has a breadth of technical experience in all areas of networking and security, with a particular focus on data security and enterprise risk management. John is a regular speaker at industry events.
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