Consider that you are a FinTech enterprise, and your primary goal has nothing to do with security! Nevertheless, security (Managed vulnerability management) cannot be overlooked. Protecting your company from cyberattacks is highly important. Several industries have been under cyberattack recently, resulting in severe reputation and financial losses. Vulnerability Management Software can prevent these attacks.
It might be necessary for enterprises to outsource vulnerability management solutions in order to achieve a comprehensive security posture. In this blog, let’s understand why organizations prefer outsourcing security solutions and what factors should be considered before making a decision about outsourcing. A good vulnerability management tool can solve these issues.
Why do Organizations Outsource Vulnerability Management Solutions?
1. Lack of resources/skills:
Organizations would not have a dedicated team to manage vulnerabilities, or team members would have been skilled to handle specific tasks. Few organizations would not have a proper set of resources to manage their organization’s security posture.
During these situations, organizations would definitely think outsourcing can be beneficial since they provide highly skilled teams and all the essential resources.
2. To monitor security posture continuously:
Even if an organization has an internal team looking after all the vulnerabilities manually, it’s almost impossible to monitor them continuously and give real-time data. To overcome this, organizations opt for vendors who can provide them with up-to-date real-time data.
3. To focus more on Business:
When you’re running a business, there would be a million problems that would need your attention. Detecting and remediating vulnerabilities would be a part of the bigger picture of problems, but what if you spend the entire day remediating risks?
Therefore, organizations these days prefer managed vulnerability management, so they have their focus on other parts of the business too.
4. No proper disaster recovery plan:
Think what would happen when your organization stops working when it encounters a cyber-attack! Without any disaster recovery planned, it might lead to an immense amount of sensitive data loss and will also take a lot of time and effort to retrieve them.
By outsourcing managed vulnerability management, you would already have a disaster recovery plan in case of situations like this!
Ask Yourself These Questions Before Outsourcing Vulnerability Management?
1. What if a critical vulnerability needs to be addressed ASAP?
Vendors or MSPs you would have outsourced to will be maintaining several other clients like yours. So, know what the response time in critical situations would be.
2. Will they provide you with on-prem support?
You might encounter situations that would need on-prem support and not only cloud. Will they be willing to provide or support both on-prem and cloud?
3. What is the total number of employees you would want when you go for outsourcing?
Your organization need not go for a larger team! Decide a team size that would be beneficial to you and can also be cost-effective.
4. Will they support the patching of all third-party applications?
Few vendors will not give you support for all third-party applications; they would have a list of their own selected applications. Make sure your vendors provide patches for all third-party applications your organization uses.
5. How frequently do they monitor vulnerabilities?
One of the main reasons organizations outsource security solutions is that they would continuously monitor their organization’s assets and can be ahead of cyber-attacks.
6. How to measure the impact of vulnerability management?
It is essential to measure the success rate of your vulnerability management program. There are several metrics that can be used while measuring the impact, such as mean time to detect, time to resolve a vulnerability, frequency of scans, and more.
These are just a few questions among the bundle of questions you should ask yourself before outsourcing your organization’s security posture. You will find many pros and cons of outsourcing, but it’s always comforting and trustworthy to have managed vulnerability management.