Why Hiring a Cybersecurity Service Provider is Best for Your Business?

 

Cybersecurity is a crucial component of any business operation. With the increasing number of cyber-attacks and data breaches, it has become evident that investing in a cybersecurity service provider is essential for all organizations to stay ahead of emerging threats and keep their systems and sensitive information secure.

Hiring a professional, experienced cybersecurity service provider can help protect your business from potential threats and ensure your sensitive information remains secure. Learn why hiring a cybersecurity service provider is the best decision for your business and how it can benefit you long term.

Common Cyber Threats

No organization is immune to cyber threats, from small businesses to large corporations. Some of the most common cyber threats that companies face today include:

Malware

Malware refers to malicious software specifically created to harm or cause disruption to computer systems and obtain confidential information without the user’s consent. It can enter a computer system through different channels, such as infected email attachments or corrupted websites.

According to a 2023 report by DataProt, over 560,000 new malware variants are detected daily. Malware attacks can cause the theft of sensitive information, data corruption, and system failure.

Phishing

Phishing is a social engineering technique that involves tricking individuals into providing sensitive information or downloading malware. This can lead to identity theft, financial losses, and reputational damage. Phishing attacks typically involve emails that appear to be from a trusted source, such as a social media site or bank but are fraudulent.

A report published by the Anti-Phishing Working Group (APWG) states that 1,270,883 phishing attacks were detected globally in the third quarter of 2022.

Ransomware

Ransomware is malware that encrypts a user’s files and demands a ransom payment in exchange for the decryption key. Ransomware attacks are becoming more common, with Cybersecurity Ventures estimating that a new organization or individual falls victim to a ransomware attack every two seconds.

The consequences of a successful ransomware attack can be devastating, including data loss and business disruption.

Man-in-the-Middle (MitM) Attacks

MitM attacks are some of the most common yet dangerous cyber threats businesses face today. The attacker intercepts the communication between two parties and acquires sensitive data being exchanged.

According to IBM’s X-Force Threat Intelligence Index 2018, MitM attacks accounted for 35% of all reported data breaches in 2018. These attacks can lead to severe consequences for businesses, including financial losses and loss of customer trust.

Denial of Service (DoS) Attacks

A denial of service (DoS) attack involves flooding a website or computer system with malicious traffic and preventing access to legitimate users. DoS attacks can be carried out by a single attacker or a group of attackers.

According to a report by Netscout, the total number of DoS attacks increased by 11% in the first half of 2021 compared to the same period in 2020, with the largest attack observed being 1.5 Tbps (Terabits per second). DoS attacks can cause lost revenue and decreased productivity.

Data Breaches

Data breaches occur when an unauthorized individual gains access to sensitive data, such as financial information, personal data, or trade secrets. An estimated 1,802 data breaches occurred in the U.S. in 2022, according to a report by Statista.

The consequences of data breaches can be catastrophic, with businesses facing hefty fines, legal action, and a loss of trust.

The Benefits of Hiring a Managed Security Service Provider (MSSP) for Cybersecurity

Hiring a cybersecurity service provider like National Technology Management (NTM) can provide businesses with various benefits that can help protect against these common cyber threats. An MSSP can offer cybersecurity services, including:

Advanced Threat Detection

Cyber threats constantly evolve, and it can be challenging for businesses to keep up with the latest threats and adequately protect themselves. However, an MSSP has the latest tools and technologies to detect and prevent even the most sophisticated cyber attacks.

At National Technology Management, we use advanced threat detection solutions that leverage artificial intelligence to detect and respond to threats in real time. This enables us to protect your business against emerging threats and minimize the risk of a successful attack.

24/7 IT Security Support

Cyber attacks can occur anytime, and round-the-clock support is crucial for effective incident response. NTM offers 24/7 IT security support, with a team of experienced professionals available to respond to security incidents anytime.

National Technology Management can quickly and effectively respond to minimize the impact on the business if a security incident occurs. We also provide proactive monitoring and maintenance, which helps prevent incidents from occurring in the first place.

Extensive Experience and Up-to-Date Security Standards

MSSPs like NTM have a team of experienced cybersecurity professionals who keep up with the latest developments in the field and can provide comprehensive and effective security solutions based on the most current standards. This expertise allows businesses to avoid emerging threats and reduce their risk of security incidents. By outsourcing their security needs to an MSSP, companies can ensure that their security posture is always up-to-date and effective.

Cost-Effective Solutions

Hiring an MSSP can save business money in the long run. Outsourcing cybersecurity to an MSSP eliminates the need to hire and train an in-house team, as well as the need to invest in expensive security infrastructure.

MSSPs can offer flexible pricing plans to accommodate a business’s needs and budget. NTM offers cost-effective and customizable pricing plans to meet the needs of any business.

Proactive Security Measures

Preventing cyber-attacks before they happen is critical to safeguarding your business. By hiring a cybersecurity service provider, companies can benefit from proactive security measures that help identify potential vulnerabilities and implement measures to prevent them.

NTM offers proactive security measures, including regular vulnerability assessments, penetration testing, and security audits. With these measures, potential threats are detected and mitigated before they cause harm to the business.

Compliance

Businesses must comply with various regulatory requirements that require them to maintain secure networks and protect sensitive information. Failure to comply with these requirements can cause costly fines and damage to the company’s reputation.

Cybersecurity service providers can help businesses comply with these regulations by implementing security measures that meet regulatory requirements. NTM provides compliance services that enable companies to comply with regulatory requirements such as HIPAA, PCI-DSS, and SOC 2.

Scalability

As a business grows, its cybersecurity needs may change. An MSSP can offer scalable solutions that can be adjusted to meet a business’s changing needs.

This means a business can easily add or remove services as needed without investing in new infrastructure or hiring additional staff. NTM offers scalable solutions that can grow with a company, ensuring its cybersecurity needs are always met.

Rapid Response

In the event of a cyber-attack, businesses must act quickly to mitigate the damage. Cybersecurity service providers can provide rapid response services that help companies promptly respond to and recover from cyber-attacks.

NTM provides rapid response services, including incident response planning, disaster recovery, and business continuity planning. With these services, businesses can minimize the damage caused by cyber-attacks and quickly return to normal operations.

What to Look for When Hiring the Right Cybersecurity Talent?

Hiring the right cybersecurity talent is critical to protecting your business from cyber-attacks. Here are a few factors to consider when hiring a cybersecurity service provider:

Expertise and Experience

When hiring a cybersecurity service provider for business, look for providers with relevant industry experience, credentials and certifications, and expertise in managing complex security systems.

National Technology Management has a team of cybersecurity experts with years of experience in the industry. Our team holds various certifications and credentials, including CISSP, CISM, and CEH.

Range of Services Offered

Different businesses have different security needs. So you need to determine whether your chosen cybersecurity service provider offers a range of services that can be customized to meet your specific requirements.

NTM offers comprehensive security services that can be customized to meet the unique needs of each business. We also provide flexible solutions that can accommodate businesses of all sizes.

Security Technologies and Tools

Cybersecurity threats constantly evolve, so you need to work with a service provider that uses advanced technologies to stay ahead of the threats. Look for providers that use advanced technologies, regularly update their software, and can scale and integrate with existing systems.

NTM uses advanced security technologies and tools that provide comprehensive protection against cyber-attacks. We use a multi-layered security approach that includes cutting-edge firewalls, intrusion detection and prevention systems, and endpoint protection tools.

Customer Support and Communication

With cybersecurity, fast and effective customer support and communication are critical. Find a service provider with 24/7 support, dedicated account managers, and open communication channels.

NTM provides 24/7 customer support and dedicated account managers to ensure that our clients receive the support they need whenever needed. In addition to our 24/7 customer support, NTM assigns dedicated account managers to each client. These managers serve as a single point of contact for clients, ensuring personalized service and tailored solutions.

Cost and Affordability

While cybersecurity is essential, it should not come at a high cost that can burden the business. The right MSSP should offer transparent pricing, competitive pricing, and flexibility in payment plans. NTM offers cost-effective solutions that protect against cyber-attacks without breaking the bank.

Enhance Your Cybersecurity With National Technology Management

 

With a team of experts and cutting-edge technology, NTM offers advanced threat detection, proactive security measures, and rapid response to ensure your business is protected around the clock.

Our solutions are cost-effective and scalable, and we are committed to providing exceptional and always-available customer support. Contact us today to learn how we can enhance your cybersecurity and protect your business from cyber threats. Trust a cybersecurity service provider to safeguard your business.