As cybersecurity threats are on the rise, the industry is in crisis to combat malicious attacks. The skills shortage is getting worse and companies risk losing hundreds of millions of dollars. Because talent is scarce, the cost to protect your company is high. The good news is that cloud-based managed security solutions address each of these challenges to provide an affordable, effective solution to protect your business from cyber threats.
- Evolving threats
According to Verizon, approximately 1.5 million malicious attacks happen every year and, as a result, cybersecurity has become critically important for businesses. Despite massive breaches involving countless organizations over the past several years including attacks on seemingly impenetrable organizations like Target and the CIA, the real threat appeared far from home. By 2019, we have now seen CEOs losing their jobs and being interrogated by the U.S. Senate while companies’ stock prices plummet and businesses close their doors for good. The threat of breach and the pressure to maintain compliance is overwhelming.
- Shortage of talent
The cybersecurity field has exploded in the last few years. Alarmingly, the cybersecurity skills deficit has held the top position in ESG’s annual survey for the past five years. In the 2018-2019 survey, 53 percent of organizations report a problematic shortage of cybersecurity skills (up from 42 percent in the 2015-2016 survey). That quick expansion has left traditional education methods – including colleges and corporate training – scrambling to catch up. The growing demand means that it is difficult to find and hire the personnel you need for an in-house cybersecurity department. Perhaps it’s even harder to keep them.
Not only has the increase in demand for talent inflated the salaries of capable cybersecurity professionals, choosing to fulfill all your cybersecurity needs in-house means hiring a robust team of effective agents. Not only will you have to pay for the employees, but you will also have to fork out money for the total number of cybersecurity solutions necessary for complete protection. With this comes integration issues and sometimes, clunky processes.
The bottom line: Cloud-based managed security providers can address your cybersecurity needs head on with complete service solutions. They have scale and are able to spread the fixed cost of their technology investment across a broad customer base, passing the savings onto the customer. Not only do you save money, but you can eliminate most, if not all, of the human resources component.
If you are interested in learning more about cloud-based managed security services, contact us at email@example.com or 703-939-8240.