Improving security and risk management doesn’t have to be costly. By streamlining your current processes and technology, you can enhance protection while reducing expenses.
Effective cybersecurity is crucial for safeguarding data, systems, applications, and the organisation’s reputation. However, due to rising costs, limited IT security skills, and advanced cyber threats, maintaining strong defences can be challenging, and perceived as expensive. Gartner forecasts that global spending on security and risk management will exceed $215 billion in 2024, with many feeling that this is an investment feasible only for some organisations.
To boost security and risk management without breaking the bank, focus on efficiency within your existing IT setup. Tailoring response and protection to specific risks and business needs, while consolidating and optimising current solutions, can lead to significant savings and maintain security levels effectively.
How are cyber security teams feeling the pinch?
Budget constraints
Organisations across public and private sectors alike are tightening the purse strings, and are aiming to do more with less with their IT. In turn, balancing cost-optimisation with increasing security risks and requirements can be a struggle.
Vendor sprawl and complexity
Organisations often buy ‘point in time’ solutions to deal with specific problems reactively, and end up with a complex estate of disjointed, siloed solutions, leading to high costs and visibility issues.
Legacy infrastructure
Legacy systems are less secure, cost more to maintain and take up valuable staff time, especially as they approach and pass their official end-of-support dates. Teams end up maintaining ageing systems, rather than being able to focus on value-adding tasks.
Cyber insurance coverage
Poor security measures make cyber insurance either very expensive or even impossible to obtain for organisations considered too high-risk. Additionally, a lack of precautionary parameters in place can lead insurers to refuse payouts when incidents do occur.
Cost-effective security and risk management with SCC
Evolved data protection requires integrating security and risk considerations, enabling senior stakeholders to make swift and informed decisions. However, achieving this internally can be financially prohibitive for many organisations. That’s where SCC’s array of affordable solutions come into play:
Streamlining solutions
Our combination of SecOps services, vulnerability management and managed services can help you optimise costs, improve visibility estate-wide and boost security. All point-in-time tooling can be rolled into a single integrated package, fine-tuned to your needs and budget.
Building your business case
Leverage our in-house expertise to understand your risk profile, pinpoint areas for improvement and optimise your security spend. That way, you can get the best possible security outcomes across licensing, resource allocation and persona needs, no matter your budget.
Outsourcing your Security Operations Centre (SOC)
We can advise on the best SOC options for your business, including outsourcing operations to us as a managed service provider. We work as an extension of your team and scale according to your needs and budgets.
Modernising infrastructure
Our discovery engagements can help you identify and deploy the right modern platforms that will enhance security and reduce costs. We help future-proof your business with provisioning and implementation in line with best practice and the very latest in SecOps technologies.
Optimising cyber insurance
We can help prepare and provide all the necessary information cyber insurance providers require to optimise your coverage, alongside robust governance, data reporting, cyber maturity and tooling. That way, you can adhere to contractual requirements, reduce your premiums and maximise your coverage.
Stronger security, stronger bottom line
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