Many organizations have begun to increase their IT security budgets due to the ever-evolving nature of cyberthreats. However, others lack the necessary internal tools, technology or skillset to achieve cybersecurity. This is where managed security comes into play.

Outsourcing IT functions to an MSP can differ from business to business. For those simply looking to save money on basic functions such as password management, IT support, or antivirus systems, there are plenty of providers out there that will do just that. For others, an MSP can offer greater advanced systems such as robust disaster recovery plans and managed detection that mitigate risk and create an overall stronger cybersecurity posture. The difference between the two comes down to how much your organization values your data.

There are three major factors to consider that can impact the cost of outsourcing IT functions:

  • Organization size
  • Data storage needs
  • Business functions

Let’s discuss further what each of these functions entail in regards to investing in outsourced IT services.

Outsourced Security Based on Organization Size

In asking how much you should invest in outsourcing your IT department, it’s critical to consider the size of your organization. This includes not only how many users you have, but the number of devices as well. Your MSP can work with you on a pricing model that accounts for user activity across all devices for streamlined control and monitoring. You’ll also want to determine whether or not you simply want to outsource the management of your infrastructure, or include other important services for data security and monitoring for vulnerabilities.

Data Storage Needs

Data is one of the most important assets that needs to be managed as companies can face serious data loss from cybercrimes, faulty equipment, outdated software and human error. When it comes to determining the cost of outsourced IT for data, you need to take into consideration the level of protection your data requires. This includes the type of data your infrastructure primarily stores, compliance, automation, management and more.

Outsourced IT for Core Business Functions

Outsourcing IT requires your organization to understand its operational needs to minimize interruptions to your core business functions. Some operational needs include:

  • Files, assets, users and systems that are most critical to business functions
  • What potential sources of vulnerabilities and breach risks exist, and where
  • which critical operations to recover first if a breach occurred
  • who would be impacted by a breach (third-party vendors, etc.)

Understanding the operational aspects of your organization can help you determine the priority for investing in outsourced IT services.

The price organizations pay for suffering a data breach is much greater than investing in outsourced IT services. When your organization is not secure, you’re only increasing your risk factor for a bigger payment down the line. When it comes to investing in outsourced IT, you’re investing in the value of your employees, customers, and critical organizational data.

Managed Secure Support with Kyber Security

Damage, downtime, and reputation loss from a technical interruption can be catastrophic for organizations, so it’s no wonder why there’s a lot of money that goes into technology management. Here at Kyber Security, our SecurityFirst philosophy ensures that your organization has 24/7 support, and security is always top of mind.