Key Cyber Security Outsourcing Trends for 2021

Monica Morris • Feb 05, 2021

Cyber Security Outsourcing
The pandemic is still on and its impact on business will persist for a long time. It exerted a big influence on the adoption of remote working and outsourcing of IT Services to ensure smooth business operation. The COVID-induced restrictions affected businesses in various ways and also inspired rapid changes in technology usage. Some of the changes include new technology adoption which was followed by a sharp increase in cyberattacks. Hence, business managers are re-evaluating their IT plan priorities especially in the area of cyber security outsourcing as an effective solution against cyber attacks. These trends were addressed in an opinion survey of 500 IT managers by syntax.

Here, will discuss the key findings of the IT survey and what it means for your business security.

1. Covid-19 Accelerated Digital Technology Adoption

Many businesses implemented unplanned digital transformation in order to cope with the pandemic. About 89% of businesses saw an increase in new digital technology adoption following the coronavirus outbreak. This technology transformation overstretched organizations’ IT teams responsible for setting up collaborative networks for remote working and managing its security.

The rapid change in the environment emphasizes the importance of having a solid network and security policy in place.

2. Cyber security Outsourcing is Gaining Popularity

Cloud deployment, monitoring, and security cannot be adequately tackled by in-house teams for reasons of time, skills, or expertise.

Hence, IT managers are asking for more in the area of cloud management, security, and transitioning of work systems.

About 23% of respondents now favor outsourcing cyber security to an MSP to replace or augment their in-house teams.

3. Budget Cuts for IT department

Despite an increase in cyber attacks following the covid-19 outbreak, 79% of managers reduced their IT team’s capacity to cope with dwindling budgets. An inadequately manned security team may expose a business to attacks.

4. Increased Need for Strategic Advice

IT leaders in companies with internal security teams are looking forward to outsourcing their cybersecurity work to MSPs. Their main reason for this is to get more strategic counsels about IT security.

Currently, 91% of survey respondents manage internal security operations centers(SOCs) for their organization. However, this arrangement is inadequate for addressing the security challenges posed by cybercriminals. Also, IT managers are not getting what they need for adequate organizational defense. Almost half of the survey respondents with in-house security groups want to work with MSPs to get strategic advice on how to defend against cyberattacks.

5. More Interest in Cloud Infrastructure

Whether it is setting up multi-cloud or hybrid cloud systems, IT managers are very enthusiastic about increasing the cloud integration of their organization to expand storage and promote business flexibility.

6. Cloud Security is a Major Concern for Deployment

When asked, IT industry leaders choose security as the most challenging aspect of cloud migration.

They are concerned about maintaining business continuity and security. However, these concerns do not translate into a proportional investment for cybersecurity. For instance, more storage is favored by 62% of respondents, while hybrid cloud and maintenance got a nod from close to half of managers.

About 56% of IT executives are planning to spend 40% of the organization’s budget on cyber security. These include services such as threat intelligence, malicious bots detection, and blocking vulnerability in software and network. Improving cybersecurity is not among the top 3 spending priority projects for 2021. This may open up businesses to attacks from bad actors.

7. Data Analytics Leads the Pack

Data analytics took the front among survey participants. About 55% of survey respondents are planning to invest more in data analytics and business intelligence in 2021 compared to 42% in 2020. This is expected to help businesses gain a competitive advantage by making data-driven business decisions.

8. Opposition to Cloud Adoption among Top Management

The rapid migration of business systems to the cloud to facilitate remote working provides an excellent opportunity for IT managers to demonstrate the importance of cloud adoption. Despite the success recorded in moving office settings to the cloud, some top business managers are still reluctant to embrace cloud technology as stated in the Syntax report.
This survey of IT managers is important because it reveals the future action organizations and industry trends regarding how businesses will protect themselves against cyberattacks with the aid of Managed service providers.

The pandemic has permanently changed the way many organizations operate. It is up to you as a business owner to ensure that your organization is properly secured against cyber attacks. This can be achieved by working with expert outsourced cybersecurity support to properly migrate your business to the cloud and keep it safe.

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Going forward, businesses will increasingly rely on MSP and third-party security solutions to keep their data and network safe from attacks.

Fort Wayne Indiana downtown
05 Jan, 2024
In an era where digital transformation is at its peak, businesses are increasingly vulnerable to cyber threats in Fort Wayne, Indiana. With cybercriminals becoming more sophisticated, local companies must avoid these threats to safeguard their digital assets. As cybersecurity experts, SDTEK is dedicated to helping Fort Wayne businesses fortify their defenses against these ever-evolving threats. Understanding the Cyber Threat Landscape in Fort Wayne Like many thriving urban areas, Fort Wayne is home to a diverse range of businesses. The variety of enterprises here makes the city a vibrant economic hub, from bustling tech startups to established manufacturing companies. However, this diversity also makes the area a target for cybercriminals. The most common threats include phishing attacks, ransomware, data breaches, and malware. Small and medium-sized businesses (SMBs) are particularly vulnerable, often due to limited IT security resources. Recognizing these threats is the first step in building an effective defense strategy. Why Cybersecurity Matters More Than Ever for Local Businesses The consequences of cyber attacks can be devastating. They can lead to financial loss, damage to reputation, and legal implications if customer data is compromised. In today's interconnected world, the fallout from a security breach can extend far beyond the immediate damage, impacting customer trust and business continuity. Tailored Cybersecurity Strategies for Fort Wayne Businesses At SDTEK, we understand that there is no one-size-fits-all solution to cybersecurity. This is why we offer customized security strategies that cater to the specific needs of Fort Wayne businesses. Our approach includes: Risk Assessment: Evaluate your business's particular risks, considering factors unique to your industry and operational model. Employee Training: Empowering your staff with knowledge and best practices to recognize and prevent potential cyber threats. Implementing Robust Security Measures: This includes firewalls, anti-virus software, and secure Wi-Fi networks tailored to your business's specific needs. Regular Monitoring and Updates: Continuously monitor for threats and keep your security systems up-to-date to combat new and emerging threats. Best Practices for Cyber Hygiene In addition to tailored strategies, there are general best practices that every business in Fort Wayne can implement: Regularly update software and systems to patch vulnerabilities. Use strong, unique passwords and consider multi-factor authentication. Regularly back up data and store it securely. Establish a clear policy for handling sensitive data. Collaboration and Continuous Learning Cybersecurity is not a one-time effort but a continuous process. Collaboration between businesses and cybersecurity experts like SDTEK is crucial. We encourage Fort Wayne businesses to engage in local cybersecurity forums and workshops to stay informed about the latest threats and defenses. Conclusion In Fort Wayne, staying ahead of cyber threats is essential for the longevity and success of your business. By understanding the risks, implementing tailored strategies, and practicing good cyber hygiene, local businesses can significantly reduce their vulnerability to cyber-attacks. At SDTEK, we are committed to partnering with you in this journey, providing the expertise and support you need to protect your digital assets and thrive in a digital-first world. For more insights and assistance on cybersecurity solutions tailored for your Fort Wayne business, contact SDTEK . Your digital safety is our priority.
06 Dec, 2023
In today's digital landscape, cybersecurity is paramount to protect sensitive business information from falling into the wrong hands. As a business owner, you understand the value of securing your data and safeguarding your reputation. That's where dark web monitoring comes into play. What is Dark Web Monitoring? The dark web is a hidden part of the internet where illegal activities often take place, including the buying and selling of stolen data. Dark web monitoring involves scanning the dark web to identify any instances of your business's compromised information being traded or sold. By monitoring these underground networks, you gain valuable insights and can take immediate action to mitigate potential risks. Key Features and Benefits Real-time Alerts: Dark web monitoring provides real-time alerts, notifying you the moment your business's data appears on the dark web. This allows you to respond swiftly and take the necessary steps to protect your sensitive information. Comprehensive Coverage: Dark web monitoring casts a wide net across various dark web platforms, ensuring comprehensive coverage. It searches for mentions of your business, compromised credentials, financial information, and other sensitive data that may have been exposed. Access to an Expert Support Team: With dark web monitoring, you're not alone in the fight against cyber threats. You have access to an expert support team that can guide you through the process, answer your questions, and provide recommendations to strengthen your cybersecurity posture. Addressing Misconceptions Misconception 1: Dark web monitoring is only necessary for large businesses. Cybercriminals do not discriminate based on business size. Any organization, regardless of its scale, can become a target. Small businesses are particularly vulnerable as they often lack the robust security infrastructure that larger enterprises may have. Dark web monitoring is essential for all businesses, regardless of their size, to proactively protect their data. Misconception 2: Dark web monitoring is too technical to understand. While dark web monitoring may involve technical processes, the service providers are equipped to simplify the complexities for you. They will guide you through the setup, explain the monitoring process, and provide actionable insights in a user-friendly manner. You don't need to be a cybersecurity expert to benefit from dark web monitoring. Misconception 3: Dark web monitoring is expensive. The cost of dark web monitoring is a fraction of the potential financial and reputational damage that a data breach can cause. It's an investment in the security and longevity of your business. Additionally, many service providers offer flexible pricing options to suit different business needs, making it an affordable solution for businesses of all sizes. Conclusion As a business owner, the protection of your data is essential for the continuity and success of your organization. Dark web monitoring offers a proactive approach to cybersecurity, enabling you to identify and respond to potential threats swiftly. By leveraging real-time alerts, comprehensive coverage, and the support of experts, you can safeguard your sensitive information, maintain customer trust, and protect your business from reputational damage. Don't wait until it's too late. Invest in dark web monitoring to stay one step ahead of cybercriminals and gain the peace of mind you deserve. Your business's security is worth it.
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