17th November 2020
Unable to recruit full-time internal security teams due to a lack of budget or because the focus is on other operational priorities? How do you protect your business without investing in full-time staff? The answer lies in outsourcing! Discover the benefits below.
It’s an understatement to say that 2020 has been a challenging year for businesses. The COVID-19 pandemic has not only caused a seismic shift in the way that businesses operate, but it has also had a significant impact on staffing and resource. In October 2020, more than two million jobs were still furloughed across the UK as part of the government’s job retention scheme. However, economists have warned that the figure could more than double this month to 5.5 million due to the second national lockdown.
Whilst businesses have had to make difficult sacrifices with regards to their workforce, the threats from cyber criminals never cease, and have increased since the pandemic began. Although businesses recognize the threat, many are unable to recruit full-time internal security teams due to a lack of budget or because they are focusing on other operational priorities. So how can they protect themselves without investing in full-time staff? The answer lies in outsourcing.
There are numerous perks in outsourcing the security function when compared with maintaining this in-house. These include, but are not limited to:
There are a number of considerations that organizations need to make when considering outsourcing all, or part, of its security function, however. These may include the business objectives and security requirements of the organization, the size and complexity of the business, as well as its risk appetite, resource availability, the type of skills shortage it has, and the volume and sensitivity of data held by the organization along with any legal/regulatory requirements.
There may also be an increased risk to the supply chain due to the outsourced provider gaining access to highly privileged accounts which, if compromised, would present a significant risk to the business. Conducting relevant due diligence and understanding the security posture of the outsourced company is, therefore, critical when considering the outsourcing of any security function.
The good news is that there are a number of service providers who have the flexibility, skills, experience, and specialist capability to offer organizations a significant return on their investment whilst improving their security posture through the use of outsourced security professionals.
One of the key reasons for outsourcing business functions is the ability to access skilled workers at a much lower overall cost, and scale resource quickly depending on the specific needs of the business. Instructing an external provider also ensures continuity of service, even if internal operations shift as a result of changes brought on by the pandemic, such as stricter lockdown measures or further redundancies.
Max Does Cybersecurity is a tech-enabled service that provides an all-encompassing cybersecurity solution, giving organizations access to their very own security team which can be scaled up or down, without the usual overheads. It is designed to remove the challenges of annual budgeting by offering a wrapped-up package that can be dynamically adapted based on an organization’s evolving needs, so they don’t need to plan a year in advance.
Through Max, organizations have access to an extensive cybersecurity consulting team, each with more than ten years of hands-on experience and certified by industry-recognized schemes. What’s more, Max uses robotic process automation to streamline its efforts, taking care of the smaller things so that human minds can focus on the things that matter.
With budget constraints, furloughed staff, or unforeseen redundancies, organizations are going to need to find a balanced and cost-friendly approach to managing their security. Max has been developed to fit this precise need, offering businesses 360-degree visibility, protection, and control through an extremely user-friendly interface.
SureCloud provides cloud-based, Governance Risk and Compliance products, and Cybersecurity & Risk Advisory services, which reinvent the way you manage risk. SureCloud connects the dots with Integrated Risk Management solutions, enabling you to make better decisions and achieve your desired business outcomes. SureCloud utilizes a highly configurable technology platform, which is simple, intuitive, and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to fit your current business processes without forcing you to make concessions during implementation, meaning you get immediate and sustained value from the outset.