The past few years have seen cybercrime increase dramatically. While many business owners feel this is a problem for large companies, small to medium sized business (SMB) are suffering more attacks than larger organizations.
This is largely due simply to financial solvency. Many smaller businesses cannot afford a full-time network security advisor to manage the security of their businesses data management services. Cybercriminals know this and therefore target businesses they expect they will be able to successfully breach.
Organizations of all sizes are beginning to accept this and have started turning to managed service providers (MSPs) for varying degrees of support. Still, there are a lot of businesses looking for solutions for their network security.
The demand for managed services is expected to increase dramatically over the next few years. The research firm, Markets and Markets, expects the overall market size for security services to double from just over $17 billion in 2016 to about $34 billion in 2021 (Vijayan).
This growth is primarily being driven by security needs. The market for network intelligence security is expected to grow by more than 14% according to technavio, a leading market research company (technavio, 2014).
Much of the growth is being driven by the need for increased security measures at small to medium-sized businesses to address evolving threats, according to researchers. Also pushing demand are factors like: convenience, quality assurance, better responsiveness, quick fault resolution and the potential to lower costs, according to technavio, which pegs global market growth at 12% annually until 2020.
"A firm that offers 24/7 year-round threat monitoring, detection and response can provide businesses a level of resources they couldn't otherwise create or afford independently," said David Jordan, the chief information security and privacy officer at Arlington County, who has held the position for 16 years (Vijayan). Jordan’s comments come after having moved much of Arlington County, Virginia’s governmental IT security needs to contracted managed service providers.
Organizations are also learning there is no single approach to outsourcing their network security needs. In fact, companies should not try to shoehorn themselves into a “one size fits all” solution. It is much better for the business to create a list of outcomes for the managed service. Review the business’ requirements and list what needs to be done to provide the security needed. Then meet with MSP vendors and find the one that can best meet your requirements.
Problems occur when business owners try to tell their MSP vendor how to provide security. Remember, the MSP vendor is the specialist. They are trained in the best ways to provide your security. If you do not like the solutions one provider offers, meet with another provider. Do not settle for a “close fit.”
Requirements for network security are not going to get easier to satisfy. Cybercriminals are getting smarter every day. If your business is not large enough to support hiring a team of specialists to
manage your network security, the best solution for you is to contract a managed service provider. They will manage your network security needs at a much more reasonable rate than a full-time team.
technavio. (2014, September 17). Global Threat Intelligence Security Market 2014-2018. Retrieved from Technavio IT Security: https://www.technavio.com/report/global-threat-intelligence-security-market-2014-2018
Vijayan, J. (n.d.). MSSPs add advanced threats as managed security services gain hold. Retrieved from TechTarget SearchSecurity: http://searchsecurity.techtarget.com/feature/MSSPs-add-advanced-threats-as-managed-security-services-gain-hold
ACS, Staff Writer