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November 11, 2019
Should You Outsource Cybersecurity or Keep It In-House
November 11, 2019
The diversity and sophistication of cyberattacks keep growing, posing threats for businesses of all shapes and sizes. Given that, it’s not surprising at all that the global cybersecurity market is expected to reach 300 billion by 20241. To avoid becoming victims of online threats, businesses need to invest in a solid cybersecurity strategy. This leads to two major options for them to choose – hiring an in-house Information Security team or outsourcing cybersecurity to third-party service providers.
Building an In-House IT TeamHiring an in-house team of cybersecurity specialists may benefit your business in multiple ways. For starters, you will have greater control of your cybersecurity activities, since you’re keeping your crucial data within your organization. You will also have greater control over your IT team. You can oversee their activities and prioritize certain tasks immediately. The communication is handled directly, without involving a third-party company. Most importantly, having an IT team on-site means that there is always someone who can address certain cybersecurity concerns and issues immediately.Most importantly, an in-house team has a better understanding of your business-specific activities, your workflow, industry-specific problems, seasonal peaks, and your company’s goals and expectations. Understanding your specific industry and your company, your in-house IT team will be able to create a better cybersecurity strategy, identify the best solution for reducing service downtime, understanding how configuration changes may impact your organization, and predict the potential threats in advance.
- The disadvantages of the traditional hiring of in-house IT teams
Hiring Cybersecurity ExpertsGiven the complexities of hiring traditional in-house IT teams, many businesses choose to outsource cybersecurity to third-party experts. When discussing on-premise cybersecurity strategies, we mentioned that one of the most significant problems is finding experienced and knowledgeable IT talent for your organization. When hiring a third-party company, you’re working with a team of professionals. Those are skilled individuals that have already worked with numerous clients similar to you and have lots of hands-on experience. For you, this means spending less money and time on hiring, onboarding, and training processes and more time on some other aspects of your business growth strategy.Another major problem related to on-premise cybersecurity teams is that you need to invest in state-of-the-art tools and equipment, which may increase your costs. Most importantly, your worries won’t end once you purchase a piece of hardware or software. These tools require additional licensing and support that, unsurprisingly, lead to greater expenses. When outsourcing cybersecurity, you don’t need to worry about that. These agencies have already tested most of the hardware and software solutions out there and chosen advanced ones that help them meet the highest cybersecurity expectations. Most importantly, outsourcing cybersecurity results in greater stability. You will have a whole team of experts tracking your cybersecurity in real-time, 24/7. Their advanced tech and threat intelligence platforms will adapt to your company’s specific goals, helping you identify threat intelligence indicators and identify the potential threats before they become cyberattacks.
- The disadvantages of outsourcing cybersecurity