THE GROWTH OF MANAGED SERVICES SECURITY AND THE IMPACT OF GDPR20.11.2017
Managed security service providers (MSSPs) offer customers an off-site platform for both monitoring and managing security devices and systems. Services include; firewall management, anti-viral approaches, vulnerability scanning and more. Since the 1990s there has been an increased number of public and private sector companies using MSSPs and whilst it was mainly larger companies using them it is now small to medium entities (SMBs) who are more eager to use MSSPs. The reason for this is two-fold; the highly dynamic nature/pressures of IT security and the growing regulatory obligations.
One of the main challenges SMBs face is the constant threat of cyber attacks. According to Continuum 42% of SMB employees would not know what to do if their organisation experienced a cyber attack and 47% of workers are not educated in security awareness. MSSPs offer a range of solutions for this including; 24/7 monitoring, staff training and effective management to make up for lack of cyber security expertise within the business.
Another challenge is the regulatory and policy surrounding IT security. Governmental requirements aim to ensure digital safety by implementing measures to protect the integrity of personal information and financial data. With the European Union’s General Data Protection Regulation (GDPR) coming into effect in May 2018, its 28 member states (with a combined population of 510 million) are set for a signification modification regarding data handling.
With the GDPR fast approaching many SMBs could benefit from partnering with an MSSP to help them comply with the new legislation. Businesses not complying will face large fines. Smaller security breaches face fines of €10 million or 2% of a company’s global turnover (whichever is higher). Whilst more severe breaches face a fine of €20 million or 4% of global turnover (again, whichever is greater). An MSSP provides protection that strengthens an organisations cyber security capabilities and offer assistance to the following GDPR requirements;
• Risk assessment
• Personal data clarification and protection
• Crisis Management
• Incident response
• Faster detection of breaches
These are just two of the main advantages for companies to use MSSPs. Particularly as risks and regulations are increasing it is important small and medium sized companies are confident they comply with new and existing regulations. At Cognatio Solutions, we go to great depths to ensure we understand and can advise our technology partners in this ever changing, pivotal environment. If you would like to discuss how Cognatio Solutions could positively impact your businesses hiring plans, or if you’re a candidate looking to explore new opportunities please email: Jamie.McInerney@cognatiosolutions.com. And don’t forget to follow us on Twitter and LinkedIn to hear regular industry news and find out about the projects we’re working on.