The Many Ways in Which the Cybersecurity of a Company can be Increased While Reducing the Cost 

Did you know that many companies actually hire outside cybersecurity services instead of setting up their own in-house SOC? You might be one of those firms too since outsourcing is highly prevalent. But here’s what you do not realize about the effectiveness of online security practices. 

  1. Outsourcing actually turns out to be expensive in the long run. 
  2. It gets very difficult to manage and communicate with outside security providers. 
  3. The way an employee can understand the online infrastructure of the company, an outside cannot. 

And these are certainly the factors that matter. Whether it’s a hack in one single network or it’s a router or the CCTV set-up that’s compromised, time is the key to limit the damage. Now, you can imagine yourself which of the two units will take more time to respond? An in-house security operation center (SOC) or a third party cybersecurity provider? 

Obviously, an outside security provider will take more time. And that’s not because they are unprofessional, that’s mainly because:

  • They have other clients too. 
  • Communication takes time. 
  • Dispatching online security professionals to the attacked company takes time too. 

The time that’s wasted gives hackers the leverage to misuse the data in the worst way you can imagine. And before the damage control practices can be implemented, the damage is already done. 

Now image you had an in-house SOC when the security breach happened. The cybersecurity professionals would have had their entire focus on the company. As soon as an alarm would have been raised, your cyber team would have implemented many ways to restrict the circulation of the malware. No matter which angle you see from, having SOC would have been the only chance at limiting monetary damage and information stealing. 

Needless to say, most hackers get so much time before action can be taken that the company’s assets are fully exploited. 

Having said that, let’s now take you through some ways in which different tricks that professionals in the in-house SOC actually implement to prevent security breaching and limiting data theft are as follows. 

  • MFA security technique for backdoor protection. 
  • They also suggest hiring ethical hackers who can constantly read the code, find out the bugs, and report them so that they can be patched. 
  • They create a Virtual Private Network, VPN, that helps in scanning all the systems seeking permission to access the company’s information from a remote location. 
  • They regularly monitor the router to patch vulnerabilities. 
  • They limit the number of people who can access the company’s storage networks. 
  • They use network segmentation for damage control in case a security breach ever happens. 

In a nutshell, companies should start spending more money on strengthening cybersecurity. Only when better techniques are implemented that the assets can be protected from hackers. 

Related posts