The need for cybersecurity cannot be emphasised enough as cyber attacks are bad for business. They are, in fact, described by Interpol as among “the critical risks to economic development.” After all, a single cyber incident can result in huge financial losses due to work disruption, regulatory fines and compromised reputation.
Unfortunately, securing your cyberspace can be daunting—and expensive given the significant investments required in terms of not just the different tools and solutions but also in employing a capable team of security experts and analysts. According to the Study on the Economics of Security Operations Centres (SOC) by the Ponemon Institute, the average annual cost for staffing and maintaining an enterprise-grade SOC is around USD $2.86 Million.
This just illustrates why often only bigger organisations can afford the kind of security a business needs to neutralise modern cyber threats effectively and consistently. But that model is gradually changing thanks to Managed Cybersecurity Service Providers (MCSPs) like Bluesify. Put simply, an MCSP is a third-party vendor that provides outsourced round-the-clock cybersecurity services to organisations. These include intrusion detection and prevention, threat hunting and incident management, among many others.
These services are mostly delivered via the cloud, and this makes cybersecurity available and accessible to more organisations than ever before. More importantly, the emergence of cloud-driven managed cybersecurity services is allowing smaller organisations to access comprehensive and advanced security capabilities, tools and expertise. Even organisations with a relatively smaller financial capacity that aspire to best-in-class cybersecurity can get it by partnering with an MCSP.
In other words, cloud-based managed cybersecurity services provide you with best-of-breed security technologies—but at a fraction of the cost of maintaining an in-house security team. And that cost can be in the hundreds of thousands when you factor in salaries, training expenses and software licencing. This high cost, incidentally, is one of the main reasons smaller organisations find it difficult to access the kind of cybersecurity they need in today’s threat-filled cyberspace. MCSPs offer a viable solution to this dilemma, and it is critical that organisations big and small explore this option to full effect to stay ahead in cybersecurity.
And it is crucial that you stay ahead. Cybercrime is only growing, both in frequency and sophistication, and this alone necessitates the need to have best-in-class cybersecurity. And organisations like yours can get exactly that by partnering with an MCSP—either as your entire cybersecurity service or as a complement to what you already have in place. Either way, you stand to get quite a few benefits aside from lowered costs. These benefits include the following:
- Access to a team of cybersecurity experts.
- Access to multiple security technologies and tools, like Security Information and Event Management (SIEM) and threat intelligence.
- 24/7 network monitoring (because cybercriminals don’t have a 9 to 5 schedule).
- Real-Time response to a cyber incident.
- OPEX or pay-as-you-use pricing model for agility and easy scalability.
The only question now is: Which MCSP would make a great partner?
One would be Bluesify, one of the largest MCSPs in Malaysia that offers SIEM and Endpoint Detection and Response (EDR) implementers in Malaysia. A security solutions integrator, Bluesify can help your organisation reduce risk by taking a strategic approach to cybersecurity. This approach includes the following:
- Real-Time advanced threat intelligence.
- 24/7 cybersecurity monitoring.
- 24/7 incident response services.
- Cybersecurity consulting services.
- Security advisory and vulnerability management.
Bluesify takes pride in providing professional services that produce professional results, and you can find out more here.
