Most Australian enterprises have been known to outsource various jobs and activities to third-party companies. When the digital revolution swept over the country and when various organizations needed security to protect their digital assets, outsourcing such security services gained prevalence too. This is where providers for managed security services shined through and have been for decades.
Globally the market for MSS is 22.8 billion dollars as of 2021 which is projected to double in a few years. When it comes to Australia, the results aren’t different considering how almost 50 percent of the companies use MSS one way or another. With the rising number of digital breaches and online theft and with Australia’s digital currency sectors and e-commerce going strong, those numbers are expected to be bolstered every year.
What Benefits Does MSS Offer For An Australian Business?
Currently, it’s pretty rare to find businesses in the country that don’t use at least a fraction of a part of digital technology to improve or streamline performance. And wherever there is digital tech connected to the main servers and infrastructure, they will always be a target for cybercrimes and other online criminal activities. Here’s how MSSPs can help businesses not only in keeping cybercrimes at bay but also in other equally significant areas of a business:
- Providing Cost-Effective Security Services: Digital security is a costly venture, a consequential one at that considering how the company must pay for a range of experts to keep the infrastructure secure. To keep the firewall strong, companies need to hire configuration managers for checking vulnerability, penetration testers, security engineers, compliance officers, and project managers. Adding up the annual salaries of every single one of these professionals including the benefits and other incentives will add up to a mountain of a cost that will put a big dent in the company’s revenue. Not to mention the time and resources that companies need to dish out to train these engineers from the ground up. Why bother with all of that? There are plenty of reliable MSSPs that will offer a seasoned team who will get the job done in a fraction of the total cost. When comparing the cost of an MSSP with that of an onsite team of security engineers, the former sounds more reasonable and practical.
- Getting The Help Of Experts In The Field: It’s not always guaranteed that the security engineers that a company hires will do the job conscientiously. If they fail, the company’s valuable data is at risk of getting exposed. Hiring a provider for managed security services will ensure that the company gets the protection of its digital assets full time with the additional benefit of monitoring future breaches. Many MSSPs will have a plethora of knowledge working with companies in and around Australia and their portfolio and clients will surely be a testament to that fact. With the broad coverage of cyber security services and expertise, companies can rest easy knowing that their infrastructure is in good hands.
- They Are Scalable or Customisable To The Needs Of The Company: Don’t want to pay an expert to do a menial pen test? Hire an MSSP. Don’t want to pay a monthly salary for a week’s worth of security services? MSSPs got the company’s back. The services that an MSSP provides are scalable to the needs of the companies which means that they pay only for the work they require, nothing more. By doing away with unusable or unwarranted alerts, MSSPs are undoubtedly a valuable service provider for any Australian company.
Bio: Ellen Hollington is a freelance writer who offers ghostwriting, copywriting, and blogging services. She works closely with B2C and B2B businesses providing digital marketing content that gains social media attention and increases their search engine visibility.