Let’s face it, when it comes to cyber attacks, no enterprise or industry is exempt or immune. This means having effective security and risk management solutions to drive back attacks and safeguard data is vital to operating a business in today’s digitally connected world. The task for the majority of companies is how.

Cyber security is important because it encompasses exactly what relates to protecting our data from cyber attackers who want to steal these details and make use of it to cause harm. This can be sensitive data, governmental and industry information, personal information, personally identifiable information (PII), intellectual property, and protected health information (PHI).

Having advanced cyber defense programs and mechanisms in location to protect this data is essential and in everyone’s interest. Everyone in society relies on critical infrastructures such as hospitals and other healthcare institutions, financial service programs, and power plants. We need these to keep our society running.

At an individual level, cyber security attacks can lead to identity theft and extortion attempts, which can do serious damage to that individual’s life.

Outsourcing has become a standard practice for businesses large and small as developing and owning a successful security program requires time and expertise. Employing in-house cybersecurity staff can be costly, whereas outsourcing becomes a more cost effective option for a variety of reasons.

This article is meant to provide small-and-medium businesses, who typically don't have IT or cybersecurity departments, helpful standards in qualifying and selecting security vendors that best fit their business. You’ll learn about:

Types of Cybersecurity Providers

Critical Security Services

How the Right IT Partner Positively Impacts YOUR COMPANY

What To Look For In An IT Partner

Things to Consider During A Search

Qualities of a Top-Rated Cybersecurity and Risk Management Company

Additional Considerations When Making Your Selection

Whether or not it’s protecting your firm from phishing attempts or other data breaches, onboarding a new merchant or partner, or demonstrating compliance with heightened regulatory requirements, Drawbridge offers the security controls and expertise you require to run a ongoing, comprehensive cybersecurity program. With over 700 clients around the world, we certainly have quickly become the leading provider to alternate investment firms.

Jason Elmer is the Founder and CEO of Drawbridge. In his role, Jason is responsible for leading the firm’s day-to-day operations, expanding its geographic footprint, and overseeing the continued global market expansion of its cybersecurity software and services.

Types Of Cybersecurity Providers:

A company may choose to outsource a portion or most of it’s IT security and threat management to an IT-managed company, a managed security service agency (MSSP), as well as to a cybersecurity firm that specializes solely in providing cybersecurity services.

An MSSP is an IT provider that provides cybersecurity monitoring and management, such as virus and spam blocking, intrusion detection, firewalls and virtual private network (VPN) management, vulnerability scanning and anti-viral services. An MSSP may use a SOC (security operations center) of their own or from another SOC provider to provide around-the-clock security monitoring services.

Cybersecurity and IT security consulting companies may specialize in specific areas of security. They also manage IT security services such as firewalls, intrusion detection and prevention as well as security threat analysis, proactive security vulnerability and penetration testing, incident preparation and response, and IT forensics.

Regardless of the type of security provider, effective cybersecurity should:

Reduce the risk of cyber attacks

Protect systems, networks, and technologies from unauthorized exploitation

Prevent unwanted third parties from accessing sensitive information

Protect against disruption of services

Maintain productivity by reducing downtime from computer viruses

Monitor overall safety to provide peace of mind

Provide controls and ensure business continuity

Critical Security Services to Consider for Your Business:

Network Security

Endpoint Security

Application Security

Password Management

Malware Defense

Ransomeware Defense

Anti-virus Software

Firewalls

Data Storage

Device Management

Website Protection

Virtual Private Network (VPN)

How Your Cybersecurity Provider Positively Impacts YOUR COMPANY

They help you:

Avoid damage to your company’s reputation. You work hard to determine your brand and build a reputable, customer-centric business. The last thing you require is to have your reputation tarnished by a security breach.

Avoid weakened client trust. A data breach and lack of information can weaken the connection with customers and any potential new customers.

Avoid legal ramifications. Data breaches must be reported and customers must be notified of details related to the security breach, including if their information has been compromised.

By partnering with the right MSSP, cybersecurity IT consulting, or risk management firm, companies can prevent the nightmares and embarrassment associated with a data breach.

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