The worldwide shortage of appropriately skilled cybersecurity personnel coupled with significant pressure to reduce IT related spends, are just a small number of key factors that have been forcing CIOs to consider adopting services from Managed Security Services Providers (MSSPs). While the concept of “Security as a service” has been around for some time, in recent years and particularly with the introduction of new legislation such as the forthcoming GDPR, CIOs are now relying on an increasing basis, in leveraging the expertise of MSSPs to help them achieve their Corporate objectives through the implementation of sound security controls that add demonstrable business value.
Traditional security measures that were once only ever considered as in-house offerings such as Antivirus, Firewall Management, IDS/IPS, and Vulnerability/Patch Management, are now available as fully managed services.
Complimentary services including advanced threat prevention and detection solutions are now available to protect against the rapidly changing threat landscape and have superseded traditional signature based solutions. Analytics, threat intelligence, mobilisation, cloud, and security governance activities, are also services now being offered by MSSPs. These services would once have incurred prohibitive costs to most organisations but are now available at significantly reduced costs via the leveraged model and economies of scale.
The recent upturn in the Irish economy has also increased the demand for Managed Security Services which in turn has created significant competition between MSSPs. This has helped foster a culture of continuous improvement and the provision of high quality Security services including 24/7 SIEM capability. This demand has clearly positioned Ireland as a major player within cybersecurity and this can be further demonstrated by the increasing number of global MSSPs basing their Security Operations Centres here.
At Ergo, we have experienced a significant increase in demand for our Managed Security Services as data security is now an ongoing discussion topic at Board level and is no longer viewed as an IT responsibility. Customers are embracing Security as a Service and this clearly demonstrates that significant business value exists in this proposition. No organisation wants to experience the financial and reputational damage that arises when a security breach occurs and as a result, there is increased reliance on MSSPs to bring their expertise to the table, add business value and mitigate risks to within tolerable levels.
Our customers are also recognising the significant financial savings that can be made in adopting the Security as a Service model. These leveraged services offer significant out-of-the-box savings which can facilitate expedited implementation using repeatable and mature security models.
We have also partnered with some of the world’s leading specialised security providers to help deliver our security services portfolio. These partnerships include access to global cyber security intelligence that helps underpin our advanced cyber security offerings. While other providers may offer similar services, our team prides itself on its ability to work directly with our customers to understand their key business objectives in order that we can quickly identify and implement the controls required to safeguard our customers’ data.
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