Importance of Managed Cybersecurity to Your Business

Do you find it difficult to follow your company's cybersecurity procedures? If you lack the necessary manpower or experience, covering all of your security bases might be challenging.

That does not, however, imply that cybersecurity is unimportant. Phishing scams and other cyberattacks target millions of individuals every day. Consider utilizing managed cybersecurity if you lack sufficient knowledge of cybersecurity or cannot afford to recruit all the employees required to properly defend yourself. For less money than you would pay to hire them directly, you will have access to a huge team of professionals. You'll find it easier to maintain regulatory compliance, react to risks more quickly, and continuously monitor for threats. Let's examine managed cybersecurity in more detail and see what it can accomplish for your company.

Give You Access to a Vast Group of Experts in Cybersecurity

It can be challenging to recruit and hire qualified cybersecurity specialists internally, particularly for small businesses with limited resources..

When you use managed cybersecurity, you’ll get access to a large staff of skilled cybersecurity professionals. They’ll have all the specialized skills necessary to keep your company safe. You won’t have to worry about skills or knowledge gaps the way you might when you have just one or two staff members dedicated to your company’s cybersecurity. You’ll be able to effectively grow your security team without hiring anyone.

Let You Respond to Incidents Faster

The faster you can respond to a threat, the less damage it will do. And when you have more people working on your security team, you’re able to get a response in motion much more quickly.

An effective incident response team typically includes a number of specialists who can help assess and remediate any damage. For example, a digital forensics specialist might be needed to uncover the course of the attack and the extent of the damage. You’re unlikely to have access to specialists when you’re depending on in-house security staff.

Lower Your Cyberdefense Costs

Cybersecurity eats up about 12 percent of small business IT budgets worldwide. Hiring someone can get expensive. But you need to make cyberdefense a priority, because without it, your business will fall victim to a cyber attack.

When you use a managed cybersecurity service, you can lower your cybersecurity costs without sacrificing the quality of your defense. You don’t need to worry about specialized solutions for specialized problems increasing your costs until they’re unsustainable. With managed cybersecurity solutions, the cost of hiring staff, including specialists, is spread out across a wider user base so it’s cheaper for each individual business to use managed cybersecurity instead of hiring their own security staff. The managed cybersecurity provider will have all the infrastructure you need to protect against the full range of cyber threats, at a fraction of the cost of bringing those resources in-house.

Support Your Regulatory Compliance

Privacy regulations are getting more complex, and plenty of organizations are struggling to maintain compliance with regulations like the General Data Protection Regulation (GDPR) in the EU or the California Consumer Privacy Act (CCPR). Working with a managed cybersecurity provider can make it easier for your business to maintain regulatory compliance, because they’ll have the staff necessary to stay on top of those developments and they’ll be able to tell you exactly what you need to do in response to them. You may not even need to do anything; your managed cybersecurity provider might be able to handle everything for you.

Detect Threats Around the Clock

When you’re a small business, you can’t always afford to hire security staff to keep an eye on your network and devices 24/7. That’s just one more reason why you should use a managed cybersecurity provider. They’ll have the staff and resources to monitor your system around the clock. Cyber attacks can happen at any time of the day or night, and even waiting the few hours it might take for someone to arrive in the morning could mean that attackers have had time to infect your system with ransomware, steal sensitive data, or worse.

You must take cybersecurity seriously as a small business owner. Although the expense of managed cybersecurity services is very affordable, you simply cannot afford to be without an expert cybersecurity team. It's an excellent option for businesses who require cybersecurity support but lack the capital to do it.