Your MSP company has likely already begun to change that which it offers in order to match the needs of the market. Cloud computing, IoT, edge computing, and more are quickly redefining that which is expected in a sort of “baseline” capacity. Because services are being managed which relate to infrastructural functionality, internal security solutions aren’t likely to properly protect a company to the extent they need to.
As a result, many businesses are seeking security solutions from their MSP that are managed in a similar way to cloud, IoT, or edge computing solutions. The fundamental word is “turnkey”. Managed security service providers (MSSP) basically make security solutions turnkey. The client purchases such services from your tech company, and then they’re able to remove the difficulty of security from internal operations. Three especially considerable points which make it beneficial to transform your IT organization into an MSSP include:
- A widening skills gap in terms of IT security
- An operational expense that is trending
- An increasingly prescient need for such assistance
A Widening Skills Gap In Terms Of IT Security
Your MSP company is better suited to handle contemporary changes in the security atmosphere than most internal tech solutions, as they must additionally maintain a concerted focus on core operational prerogatives. Increasing this reality is the fact that more cybercriminal activity predicates increased specialization in terms of cybersecurity. Cybercrime is projected to be a multi-trillion dollar industry, with some experts expecting its cost to be in the $6 trillion range by 2021. That’s greater than the GDP and national debt of most developed countries. It’s between one-third and one-fourth of America’s current national debt, which is estimated to be around $20 to $23 trillion and climbing.
There’s no way SMBs can properly combat such an increasingly prescient threat to operational security. Certainly, they can do some good, but it’s readily apparent that professional skill is required to offset this threat. If your MSP can provide MSSP services, you will increase your attractiveness to potential and existing clients by saving them time and money through specialization which increases their operational security. This additionally increases your ability to compete with other tech companies in the marketplace.
An Operational Expense (OPEX) That Is Trending
It’s easy to see why MSSP services have become an OPEX when the facts are considered. Such a massive industry which negatively affects businesses large and small naturally motivates them to secure protection. Therefore, a trend develops. Getting ahead of that trend is eminently advisable as cybersecurity threats are growing at an exponential rate and will likely be worse, not better. Technology is also in development, and new technologies naturally come with new exploitable vulnerabilities built-in. With more than $6 trillion in impact, you can bet there are cybercriminals out there who have made it their business to undermine existing and burgeoning technology to their advantage. Not protecting against this reality will naturally result in business losses.
An Increasingly Prescient Need For Such Assistance
Again, the natural logical progression of MSSP services being sought through necessity has made it more incumbent on businesses than ever to properly protect themselves against cybercriminal intrusion. That need will only expand. When you’re on the cutting edge, you can’t look to the present or the past; you must look to the next trend. Getting ahead of it now will both save your money and ensure that it has a greater share of the market as projections become reality.
An MSP company providing MSSP solutions will likely be most effective if it has a specialized department devoted to the task. Depending on the size of your business, this department can consist of one or multiple individuals. The only real requirement is that they should be true experts in the field–expert to the level that most clients won’t be able to achieve. If you have that, then you’re very likely to experience going forward. It just makes sense to adopt MSSP provisions.