The benefits of outsourcing your IT's infosec – and what to look for. Here's our gentle guide for you
Backgrounder Managed security services are – by revenue – the fastest expanding field of cyber security, according to IDC, which reckons they should grow at a compound annual growth rate of 14.2 per cent to 2022. Gartner says managed and subscription-based security services will account for half of all cyber-security spending by 2020.
Other than the proliferation of cyber security threats that companies routinely have to combat on a daily basis, there are two major drivers.
One is the continuing global shortage of cyber-security professionals that makes skilled staff difficult to find and expensive to hire. The number of respondents reporting problematic shortage of cyber security skills according to a survey conducted by ESG Group in 2018-2019 was 53 per cent, up from 51 per cent in 2017-2018, and 45 per cent in 2016-2017.
As we find it harder to employ security staff, so it becomes practical to outsource cyber-security to those who have managed to snag themselves some experts.
The second driver comes from the need to comply with more stringent data privacy legislation, notably the European Union General Data Protection Regulation (GDPR) that came into force in May 2018. Rather than go it alone, many have put their trust in managed security service providers (MSSPs), who they hope will have the knowledge and experience to help them avoid a costly data breach.
What’s on offer from MSSPs?
Thanks to the rising challeng ..