A chief information security officer is a vital role for every company. All businesses, from a one-man shop to a Fortune 500 company, need to protect their information. However, most small- to medium-sized businesses (SMBs) cannot afford to hire someone specifically for the role of the CISO, and the impacts of cyber-attacks on SMBs can be devastating since many of those businesses are unable to sustain the costs of a breach. In fact, more than half of SMB cyber-attack victims cease operations within six months of a breach, according to Inc.com.
A virtual chief information security officer, or vCISO, can provide the expertise needed to ensure your information is secure and your company is prepared to prevent or stop a breach at its onset, all at an affordable price.
A Subscription-Based Approach to Consultancy Services
In a world where consultancy services can be expensive, unpredictable and broad in scope, small to medium-sized businesses cannot always afford to allocate time or money to information security.
By choosing a virtual CISO, you can rely on a third-party to monitor your information security on a subscription basis. Plus, you can tailor your information security services directly to your organization’s needs and increase it as necessary. This will allow you to ensure your information is secure while leaving your day-to-day IT needs to your in-house technology team. Plus, you will have predictable and transparent costs associated with your IS and peace of mind knowing your systems are being monitored.
Benefits of a Virtual Chief Information Security Officer
Cost-effective: If you take the salary of a C-level executive and couple it with benefits costs, employing a vCISO can dramatically reduce your payroll costs. Plus, you save the time of on-boarding a new employee. Considering all of the costs associated with bringing on a new employee, a vCISO typically saves an organization about 30-40% compared to a full-time CISO.
Scalable solutions: By using a third-party firm as your vCISO, you can utilize only the services that you need, and only pay for what you want. With a tiered structure of services, your organization can add and remove services as your business needs evolve.
Team of experts: vCISOs will have the expertise in information security rather than being an IT generalists. Plus, you will likely have a team of experts available to access when the need arises versus one person. Your virtual information security team will also stay up-to-date on all new cyber threats as well as compliancy and legal issues.
Fast response times: By utilizing a team solely responsible for information security, rather than all of IT functions, incident response times will be much faster. The vCISO will monitor on a regular basis and be able to know when a threat or a breach occurs much faster than an in-house team. They will also have the expertise to immediately start deploying a solution.
Does Your Organization Need a vCISO?
With the ever-increasing number of cyber-attacks and the new methods of threats, a chief information security officer is a position that should not be overlooked. Your company’s data is its most valuable resource. Invest in protecting it by utilizing a third-party vCISO.