Managed Security – Why Should You Outsource Your Business Security?

Many financial institutions turn to outsourcing information security functions to the third party processors as the regulators put pressure on the banks to shore up their information assets and as threats of computer-initiated attacks increased. Such outsourcing deals are often part of the bigger IT infrastructure outsourcing deals but also can be standalone and done for the same reason the banks have outsourced some parts of their operations including check processing in mitigating the risk through placing control of the key operation in the hands of skilled practitioners.

According to experts, the outsourcing of information security basically makes sense to the organizations that have highly developed concept of risks. The banks are driven to ink their managed security deals as they seek in restoring their reputation for integrity that have been sullied through loss of sensitive information of customers or disclosures of theft. In a widely publicized case, millions of credit card accounts were actually exposed to theft last year because of security breach.

If that were not enough, there is the burden of regulations and laws that have banks struggling to get rid of being choked by the red tape. Many banks nowadays are required to authenticate the identities of the new customers and ensure personal information is very safe and secure. In some laws, banks are required to implement access controls to computer programs and data that contain sensitive information. The new capital regime takes effect and would require banks to monitor the operational risks including the computer breaches.

Experts say that the business case in outsourcing information security is a good one. Managed security solutions are one of the quickest growing market segments in security marketplace. Last 2005, sixty percent of enterprises were outsourcing the monitoring of at least a network boundary security technology.

In managed security deals, the company shares information business risk and security risk with the best managed security service providers. These deals give access to different security services. Managed security service providers can provide an independent perspective on the organization’s security posture and help keep a system of balances and checks with the in-house staff. Thus, it can provide more coherent and integrated solution, getting rid of redundant hardware, software, and effort.

How to Choose the Right Partner for Your Managed Security Needs?

Through minimizing the cyber security defense’s complexity and providing dedicated security team to defend the assets of the company round the clock, managed security service providers can help ensure the company’s ongoing protection, yet choosing the most ideal partner is important. Try out some guides online or evaluate your needs for you to pick the best one suited for you.

Reducing Stress and Safeguarding Your Business Through Managed Security Solutions

Take note that you do not have to do security alone. Through cybercrime on the rise, managed security service providers can protect your organization, extend your team, and optimize all your security resources. The best partner may play an important role in enhancing customer experiences, stakeholder value, and innovation and take all the pressure off your whole team..

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