Five Things Business Stakeholders Need to Know about Cybersecurity as a Service

Cyber threats are proliferating, and in response, many organizations are moving to
Cybersecurity as a Service (CSaaS), delivered by Managed Security Service Providers
(MSSPs). If you’re a business stakeholder considering Cybersecurity as a Service, here are five
benefits of working with an MSSP.

1. Comprehensive Security Coverage

Cyber threats can emerge from various angles, including malware, phishing attacks, and insider
threats. To effectively combat these diverse threats, businesses need a multifaceted approach
to security. These are the critical components you can expect:

● 24/7 Monitoring and Incident Response: MSSPs offer round-the-clock monitoring of
your network. This constant vigilance is crucial because cyber threats can strike at any
time. MSSPs use advanced tools and techniques to detect anomalies and potential
threats in real-time. When an incident is detected, the MSSP can engage quickly,
minimizing possible damage.

● Vulnerability Management: Regular vulnerability assessments and scans are essential
for identifying weaknesses in your systems before cybercriminals can exploit them.
MSSPs perform these assessments to pinpoint vulnerabilities and recommend
remediation measures to strengthen defenses.

● Threat Intelligence: MSSPs have access to extensive threat intelligence databases and
resources, which means they can stay informed about the latest threats, attack vectors,
and tactics used by cybercriminals. By leveraging this intelligence, MSSPs can
proactively protect your business against emerging threats.

● Compliance Management: Many industries have stringent data protection and
cybersecurity regulatory requirements. MSSPs help ensure your organization complies
with these regulations by implementing security measures and conducting regular
audits. Doing so lets you avoid costly fines and upholds your reputation as a trusted
business partner.

By leveraging the expertise of an MSSP, your organization can benefit from a comprehensive
approach to security.

2. Cost-Effectiveness

Implementing an in-house cybersecurity team can be cost-prohibitive for SMBs. The budget
needed for seasoned cybersecurity professionals, purchasing advanced security technologies,
and maintaining a robust security infrastructure can quickly expand. MSSPs offer a cost-
effective alternative by providing access to advanced security technologies and expert
personnel at a fraction of the cost. MSSPs deliver cost-effective solutions through:

● Economies of Scale: MSSPs serve multiple clients, allowing them to spread the costs
of expensive security tools and technologies across their customer base. This
economies of scale means you can benefit from cutting-edge security solutions without
bearing the total cost.

● Predictable Pricing: MSSPs typically offer subscription-based pricing models, allowing
you to budget for security expenses more effectively. This predictability is especially
valuable for access to Subject Matter Experts, as it helps avoid unexpected costs and
budget overruns.

● Reduced Overhead: By outsourcing your security needs to an MSSP, you can reduce
the overhead of maintaining an in-house security team. This overhead includes salaries,
benefits, training, and ongoing professional development costs.

● Focus on Core Competencies: Outsourcing security to an MSSP allows your internal
team to focus on core business objectives, improving overall productivity and efficiency.
Doing so can lead to cost savings and better resource allocation.

3. Access to Expertise and Advanced Technologies

Cybersecurity is a complex and ever-changing field. It would help if you had a broad range of
skills and expertise to protect your organization. MSSPs employ highly skilled professionals with
extensive experience in various aspects of security. These experts stay apprised of the latest
threats, best practices, and technological advancements. Also, MSSPs can access cutting-edge
tools that might be too costly or complex for individual businesses to maintain independently.
Here’s how MSSPs provide access to expertise and advanced technologies:

● Skilled Professionals: MSSPs employ cybersecurity experts with specialized
knowledge in network security, endpoint protection, threat hunting, and incident
response.

● Advanced Tools and Technologies: MSSPs invest in state-of-the-art security tools
and technologies, including next-generation firewalls, intrusion detection and prevention
systems, security information and event management (SIEM) platforms, and more. By
partnering with an MSSP, you can leverage these advanced tools without significant
capital investment.

● Proactive Threat Detection: MSSPs use a proactive approach to detect and mitigate
threats quickly to minimize damage.

● Incident Response and Forensics: When attacks occur, MSSPs conduct thorough
investigations and forensic analyses. These investigations help identify the incident’s
root cause, assess the damage’s extent, and implement measures to prevent future
occurrences.

4. Scalability and Flexibility

As your business grows and evolves, so do your security needs. Whether expanding your
operations, entering new markets, or adopting new technologies, an MSSP can adjust its
services to meet your requirements. This flexibility ensures that your security posture remains
robust and aligned with your business objectives. Here’s how MSSPs provide scalability and
flexibility:

● Customizable Solutions: MSSPs understand that each business has unique security
needs. They offer customizable solutions to match your specific requirements. This
customization ensures you receive the right level of protection without paying for
unnecessary services.

● Scalable Services: Your security needs will likely increase as your business grows.
MSSPs can scale their services to accommodate your expanding operations. The
expanded services may include adding new security measures, increasing monitoring
capabilities, or providing additional support for new locations.

● Adaptability to New Technologies: The technology landscape constantly evolves, with
new tools and platforms emerging regularly. MSSPs stay abreast of these developments
and can help your organization securely adopt and integrate new technologies. This
ability ensures that your security measures remain effective as you embrace innovation.

● Compliance with Changing Regulations: Cybersecurity regulatory requirements are
subject to change. MSSPs monitor regulatory developments and can help your
organization stay compliant with new and evolving standards and minimize the risk of
non-compliance and associated penalties.

5. Focus on Core Business Functions

By partnering with an MSSP, your organization can concentrate on strategic initiatives and
growth opportunities, knowing that your security is in capable hands. Here’s how MSSPs enable
your team to focus on core business functions:

● Reduced Operational Burden: Managing cybersecurity internally can be time-
consuming and resource-intensive. By outsourcing these responsibilities, your team can
focus on strategic projects and initiatives that drive business growth.

● Expert Incident Handling: In a security incident, an MSSP can take the lead in
managing the response and recovery process. This incident management allows your
internal team to continue their work with minimal disruption, knowing that experts are
handling the situation.

● Enhanced Productivity: With an MSSP managing your security, your employees won’t
be bogged down by security concerns or the need to respond to incidents.

● Strategic Advisory Services: Many MSSPs offer strategic advisory services to help
you align your security initiatives with your business goals. These services include
providing insights into emerging threats, recommending security investments, and
helping you develop a long-term security strategy.

Conclusion

In the face of growing cyber threats, leveraging Cybersecurity as a Service via the expertise of
an MSSP can provide your business with comprehensive security coverage, cost-effective
solutions, scalability, access to advanced technologies, and freedom to focus on core business
functions.

As a decision-maker, understanding these key benefits will ensure your organization’s
cybersecurity is robust and resilient. By partnering with an MSSP, you can protect your business
from cyber threats, comply with regulatory requirements, and focus on achieving your strategic
objectives. In today’s digital age, the right MSSP can be a critical ally in safeguarding your
organization’s future.

LATG provides Managed Security Services to our clients in New Orleans and beyond. Reach
out now or join us monthly for the LATG Cybersecurity Chat to learn more.

Let’s work together to find the right technology solution for your organization.

504-304-2505 or Contact Us