Strategic Cybersecurity: Decoding the Choice Between DIY and Expert Partnerships
The impact of cybercrime has become more prevalent in recent times. Its likely that you or someone close to you has even been directly impacted. Cyber threats evolve quickly to specifically avoid detection and they also spawn new variants to penetrate traditional defences.
This is why cybersecurity is today’s biggest business risk. Organisations must align their efforts according to their needs to safeguard their biggest assets – their data and their brand.
One effective avenue to achieve this is by handing over responsibility to a trusted partner to handle specific cybersecurity needs or to manage this function entirely.
1. Efficacy vs Cost:
Selectively outsourcing cybersecurity protection is a results-driven strategy, debunking the myth that cost-effective protection might be a false economy. This eliminates the necessity to recruit, train, and manage an internal team, along with the procurement and maintenance of diverse security tools. This analysis invariably shows how a security management partner emerges as a cost-efficient solution. Leveraging economies of scale, they provide the desired level of protection at a fraction of the cost.
2. Expertise:
Navigating the cybersecurity landscape, a security partner, armed with seasoned ICT and security professionals, is better equipped against the latest threats and vulnerabilities. Their expertise becomes your shield, identifying and mitigating potential risks before they materialise into genuine problems.
3. Active Monitoring and Automation:
Reduce your exposure by quickly isolating risks using automation and active monitoring, coupled with up-to-date threat feeds. Whilst achieving this internally is attainable, the efficiency of this approach is significantly enhanced when entrusted to experts, reducing the risk of widespread pathogen propagation.
4. Event Monitoring vs Event Avoidance: For organisations that are large or with complex workflows, scrutinising event logs is a pivotal first step in identifying industry or system specific threats. Irrespective of your organisation’s size, tools to educate users and mitigate risks are critical to avoid being compromised. Implementing the right toolsets to address identified business risks is where security partners shine, offering a streamlined approach to risk mitigation.
5. Where to Begin: Cyber business hygiene practices initiating a secure cyber business journey involves adhering to fundamental ICT hygiene practices, including regular data backups, system updates, access control management, and multifactor authentication. A comprehensive risk and threat assessment, (kept up to date at least annually) adds a layer of assurance to your cybersecurity strategy.
The internal management of cybersecurity possesses inherent risks, emphasising the need for a meticulous approach through automation, education, and strategic planning. Entrusting this responsibility to a security partner not only shields your organisation but also ensures that you can focus on your job with confidence, knowing that experts are dedicated to preventing compromises.
To find the right partner, you must understand where your team’s strengths lie and what skills are still needed. Often outsourcing to a security partner can reduce the required level of cost, effort, and teh overall time it takes to acheive competent protection levels compared to when internal teams tackle such a complex task.
To find out more about how we can help, reach out to our team today.
