Dan Panesar, Director UK & Ireland, Securonix said: “Enterprises have been hard at work modernising their infrastructure and transitioning to the digital world to provide better, faster, and economically more efficient services to their constituents. As a result of this transformation, they become increasingly vulnerable to cyber criminals looking for softer targets to attack; and unfortunately, they often are softer.
Transitioning to cloud services and utilising MSSP (Managed Security Service Provider) with vertical-specific expertise is probably one of the most cost-efficient solutions. Sharing resources and cybersecurity products across a large number of small, but similar in function organisations can achieve economies of scale, by partnering with managed service providers (MSPs) to achieve the best-of-breed technologies and experienced cybersecurity professionals that they couldn't afford otherwise.
Reports that managed service providers are increasingly target by ransomware attacks and other exploits proves that security is not understood to the extent that it should be. Organisations that process sensitive information should prioritise security; this means increasing the budget for cybersecurity and conducting courses to educate employees about how to best protect delicate information. Even though it may seem expensive, it will be significantly cheaper than a data breach. It is important to remember that even though you rely on a MSP or MSSP, you are still culpable for the information that you own.”