Cybersecurity or information technology (IT) security is an essential operation that protects data, computers, systems, and networks from malicious threats and attacks. If you’re running a website, you already understand how important it is regardless of the nature of your business.
Here are the most common cyberattacks and threats you should know:
- Malware – malicious software that destroys devices
- Ransomware – encrypts data in exchange for a ransom
- Phishing – a fraudulent attack from someone claiming to be a legitimate institution
Your entire operations will be at risk of such threats without cybersecurity. You may end up shutting down your business permanently or paying hefty costs to continue your operations. Now, the question is, should you outsource or establish an in-house cybersecurity department?
One of the biggest dilemmas when building cybersecurity protocols is whether or not to hire a third-party agency or set up your own IT security team. Both are excellent options capable of protecting your vital data and securing your network’s safety.
However, it would be best to consider their pros and cons before coming up with a decision. Knowing these elements will help you understand what your business needs.
What Are The Pros And Cons Of Hiring A Cybersecurity Agency?
Outsourcing is an excellent option for small businesses not capable of establishing their own security commands. If you’d like to know more about this, you may call Lisnic today for cyber security services or visit your local security service provider.
However, there are instances when you have to compromise the overall control and comply with the agency’s agreement. That said, you might want to consider the following pros and cons of hiring a third-party solutions provider:
Pros:
- Scalability – One of the benefits of hiring third-party services is their ability to scale your security protocols depending on your business needs. It’s a great feature for small businesses aiming to expand. It also offers flexibility at affordable pricing models.
- Low Entry Expenses – Another great thing about hiring a cybersecurity provider is its low entry costs. Therefore, if you’re running a startup business, you’ll get reliable protection without spending much. Besides, the outsourcing cost is much lower than establishing your own cybersecurity commands.
- Professional And Experienced Services – One of the reasons why businesses hire a cybersecurity solution is for professional work skills and ethics. Having experienced and skilled personnel allows you to access knowledge and expertise you can’t find anywhere else. It will also give you an additional sense of security, knowing that you’re working with professionals and experts in this field.
Cons:
- Less Control – Understand that there will be limited access and control over your cybersecurity system when you hire someone. Usually, the limitations are on what was agreed beforehand. You may also be required to add or install software they need to do their jobs properly.
- Risk Of Non-Personalized Services – Although most agencies provide tailor-fit solutions, some still offer ready-made services. Therefore, you have to be vigilant and do your homework about the company before hiring them. If you’re not careful enough, you’ll only waste your time and money for nothing.
What Are The Pros And Cons Of Building An In-House Cybersecurity Team?
Establishing an in-house cybersecurity team is a good investment for your business’s future growth and expansion. It offers flexibility regarding your cybersecurity system. However, it will require a lot of resources to set it up, which most small businesses and startups don’t have.
Take a look at some pros and cons of building your own in-house cybersecurity operations command:
Pros:
- More Control – You have more control over the entire operations of your own cybersecurity solutions. You get what you want to include in your system, including the staff you need. Likewise, you’re sure that every process remains confidential, so none of it will get exposed outside your company.
- Integrations – If you have pre-installed cybersecurity software, an outsourced provider may not be familiar with what you’re using. This isn’t a problem if you have in-house security operations. It will allow you to integrate every tool and solution you want without any problem.
Cons:
- Expensive – Establishing your own cybersecurity operations requires tons of resources, particularly time and money. Moreover, the expenses are not something you should ignore, especially when you’re only starting your business. Sacrificing too much may put other operations at risk.
- Time-Consuming – Planning an effective cybersecurity strategy takes time and effort. You need to hire the necessary staff to help protect your entire system and network from potential threats and attacks.
Final Words
After going through the discussion here, have you decided what works well with your business? Regardless, the right cybersecurity solution for your company will depend on your needs and current resources.
If you’re running a small business or a startup, hiring an agency is your best option because you have limited funds to build your own. Yet if you’re looking forward to the future, establishing your own cybersecurity team will be an excellent investment.
