Over the past few years, cyber security has become more difficult. Fraudsters have more ways than ever to commit a crime as individuals and organizations grow more connected. As businesses and consumers continue to become more aware of the current cyber security dangers, MSPs will see growing pressure to enhance their own security capabilities.
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This does not, however, imply that MSPs must work alone on every assignment. It may be good for MSPs to work with a specialized security services supplier in various circumstances to round out their own experience. I’ll outline seven reasons why partnering with a security provider can be a smart tactical move for your MSP business right now.
Table of Contents
1. There will continue to be a rise in demand for Specialized security services
MSPs need to change to meet shifting consumer needs. The demands on businesses and the IT industry change annually, and a variety of other reasons have also led to increased security spending levels.
In order to comply with more current compliance regulations like the General Data Protection Regulation or the California Consumer Privacy Act, businesses must now commit a higher amount of their resources to protect the data of their customers. In addition, increased reporting requirements for data breaches have increased public awareness of data breaches in general. As long as firms continue to have data breaches and are compelled to report them, there will likely be even greater demand for security services. You may probably come across clients that want you to manage their security on their behalf, even if security is not your primary area of expertise.
2. We may no longer be able to rely on the foundations
In order to comply with more current compliance regulations like the General Data Protection Regulation or the California Consumer Privacy Act, businesses must now commit a higher amount of their resources to protect the data of their customers. In addition, increased reporting requirements for data breaches have increased public awareness of data breaches in general. You may probably come across clients that want you to manage their security on their behalf, even if security is not your primary area of expertise.
3. Despite MSPs’ best efforts, criminals can easily outpace them
Cybercriminals are always evolving. As businesses become more adept at thwarting attacks, cybercriminals hunt for novel ways to get past current cyber security measures or a new weakness to exploit.
The majority of MSP owners and personnel do not have the same amount of free time to stay up with the most recent developments, despite the fact that hackers make their living by attacking businesses. It can be difficult to translate the information from these feeds into actionable steps when you’re already juggling a number of other responsibilities as an MSP employee or owner, even if you subscribe to one or more threat intelligence feeds to stay informed about current threats around the world or in a particular industry.
4. Technology alone is not enough to ensure security
For cyber security, more than simply specialized tools and the competence to utilize them are required. One needs knowledgeable individuals who can think critically and strategically to make the greatest decisions. Develop a security program for clients that includes monitoring and advisory services by collaborating with an MSSP partner. In the current threat climate, you must be able to analyze risk effectively for both your own MSP and your clients. For the protection of both your own MSP and the companies of your clients, an MSSP partner can help you with risk assessment, business mapping, and strategic decision-making.
5. In order to learn how to use advanced security tools, it takes time
As previously mentioned, manage and evaluate logs from your entire client base while actively checking for any risks. To even come close to handling this, you usually need a piece of security information and an event management platform. Learning how to configure and manage these tools requires patience and experience. For instance, you’ll need the knowledge to be able to differentiate between actual security events and false alarms, and you’ll need further knowledge to fine-tune the system over time to decrease false positives and false negatives. You can learn this on your own, but it may involve making a lot of mistakes and taking a lot of time from you.
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6. There may be challenges associated with hiring in-house
Appointing an inside person to create a security role. And eventually, choosing this course could be wise. If you don’t already have a solid experience in security, it could be challenging to do background checks on people. You might first be unsure of what to look for or the best technique to put together a team. Additionally, there is a critical demand for security knowledge due to a shortage of security specialists. Indeed, more than four million security positions are available globally, according to some reports. You’ll be in a talent rivalry with other organizations, including service providers who specialized security services in security and enterprises with substantial budgets and strong security teams. You may skip the headaches of hiring and get experience before employing your first security guard by cooperating.
7. There is no efficiency loss associated with this growth opportunity
By collaborating with another security firm, you may expand your clientele and offer more complex services without having to dramatically increase your expenses. Instead of having to oversee a whole team of security professionals, you may deal with a single vendor who carries the majority of the responsibility for risk detection. This enables you to focus on bringing in new clients and keeping your existing ones.