The Benefits of Cyber Security As A Service

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Many small and medium businesses are unsurprisingly vulnerable to a very great extent to attack and should consider the benefits of Security as a Service (SECaaS). Investing in a firewall, anti-virus, physical office security, intruder alarm, and CCTV may not be enough.

Malware, ransomware, phishing, virus, denial of service, distributed denial-of-service, man-in-the-middle and brute force attacks are only a handful of the different approaches cyber-criminals use to try to compromise your network security.

Security as a service (SECaaS) is an outsourced service whereby an outside company handles and manages your security. The simplest offering of security as a service is using an anti-virus software over the Internet. With security as a service, security solutions are no longer delivered locally, by the IT department installing virus protection software, spam filtering software, and other security tools on each machine or on the network or server in the workplace, keeping the software up-to-date or requiring users to use it. In addition, this method is also expensive as they are upfront costs for hardware as well as continuing costs for licenses to allow continuous use of the software. Conversely, security as a service allows the business to access the same tools via only a web browser, making it direct and affordable.

BENEFITS OF SECURITY AS A SERVICE

There are a lot of advantages to using a security as a service offering. These include:

  1. The SME has access to the latest and most updated security tools available. For antivirus tools to be effective and useful, they need to work with the latest virus definitions, allowing them to stomp out threats, even the newest ones. With security as a service, the tools available to the business are always updated with the latest threats and options. Therefore, there is no longer the need to constantly be reminded to update and keeping other software up to date to ensure the latest security patches are in use. The same case goes for updating and maintaining spam filters.
  2. The best and most experienced security professionals now work for your business. IT security experts are at your beck and call, and they may have more experience and a better skillset than anybody on your IT team.
  3. Faster provisioning. The beauty of SEC-as-a-service offerings is that your business has access to these tools instantly. SECaaS offerings are provided on demand, giving the ability to scale up or down as the need arises, with speed and agility.
  4. With SECaaS, the SME can their core competencies and what is more important for the organization. Using a web interface or having access to a management dashboard can make it easier for the business IT team to administer and control security processes within the organization.
  5. Makes in-house management simpler. Most businesses have protected data and keeping it safe from external parties is not enough. SECaaS gives businesses the ability to know when a user accesses this data when he or she does not have any legitimate business reason to access it.
  6. Save on costs. Lots of cost savings accrue to the business because the normal practice of buying hardware or paying for software licenses is eliminated. Instead, the upfront fees can be replaced with variable operating expense, usually at a discounted rate compared to the upfront costs.

Some Security As A Service Offerings

Security as a service encompasses security software that are delivered on the cloud, as well as in-house security management that is offered by a third party. The following are some solutions that can be availed, as outlined by the Cloud Security Alliance:

  • Disaster recovery and business continuity. Tools that help businesses make sure that their IT and operations are back in no time when disaster strikes.
  • Continuous monitoring. Tools that allows the IT department to manage risks continually by monitoring the security processes that are in place.
  • Data loss prevention. SECaaS offers tools that protect, monitor, and verify the security of all of your data, whether they are in storage or in use.
  • Email security. This offering protects the business from phishing, spam, and malicious attachments.
  • Makes business data unreadable unless it is decoded using the right numerical and cryptographic ciphers.
  • Identity and access management. Provides authentication, access intelligence, and identify verification & user management tools.
  • Intrusion management. Offers the ability to detect unusual events and behaviors using pattern recognition technology. These tools not only detect intrusions; they also provide the ability to manage it.
  • Network security. The added ability to manage network access and distribute, protect, and monitor network services with tools and services.
  • Security assessment. An option to audit the preexisting security measures to see if these are compliant with industry standards.

What SMES Should Look for In SECaaS Providers

There are a few important things to look for when scouting for a SECaaS provider:

  1. Interoperable.

Avoid vendor lock-in and have more flexibility by making sure that the solutions chosen has no interoperability issues.

  1. Low TCO.

The total cost of ownership (TCO) is a good criterion in choosing a SECaaS provider. Decision makers should read the fine print and be sure that the language is right.

  1. Reporting.

The chosen solutions should have a reporting mechanism that would allow monitoring of major security events, attack logs, and other important data. While the primary benefit of SECaaS is having a third party to manage the full security picture, the visibility option is still desirable.

Security as a Service is becoming an increasingly popular option among enterprises and SMBs alike. The growing adoption of SECaaS is driven by a shortage of security resources including qualified cybersecurity professionals as well as skills and tools as a whole. This is coupled with the ever-expanding threat landscape. For many companies today, the idea of outsourcing the management, implementation, and oversight of the complex realm of security simply makes sense, and it’s proving a cost-effective investment for companies that take advantage of it. The benefits of Security as a Service (SECaaS) means it is now becoming the preferred security model for small and medium sized businesses. SECaaS reduces upfront costs of security hardware, outsources and simplifies security management plus removes the need to employ highly trained (and expensive) security staff.

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Cyberattacks on big corporations flood the headlines, but small and medium businesses are also big targets too. One in every five small businesses fall victim to a cyberattack and of those, 60% go out of business within 6 months. 

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