Introduction

In today’s fast-paced and interconnected world, ensuring the security of a business is a top priority. With the rise of technology and increasing global connectivity, the risk of security breaches and cyber threats has never been higher. According to a report by IBM, the average cost of a data breach is estimated to be around $3.92 million (1). As a result, many businesses are turning to outsourcing security to protect their assets and minimize risk. But what exactly is outsourcing security, and what are the basic principles that businesses should understand?

Outsourcing security is the practice of contracting external security services to manage and protect a business’s security needs. This can include anything from monitoring and incident response to security consulting and assessment. In this article, we will delve into the basics of outsourcing security and explore the key principles that businesses should consider when evaluating security services.

What is Outsourcing Security?

Outsourcing security is a cost-effective and efficient way to manage security needs without having to invest in internal resources. By contracting external security services, businesses can tap into expert knowledge and specialized skills without having to recruit and train their own staff. According to a report by Deloitte, 70% of businesses outsource some level of security services to external providers (2).

There are several types of security services that can be outsourced, including:

  • Managed Security Services (MSS): MSS providers offer comprehensive security services, including monitoring, incident response, and security consulting.
  • Security-as-a-Service (SaaS): SaaS providers offer cloud-based security solutions, including email security, firewall management, and intrusion detection.
  • Incident Response Services: Incident response services provide emergency response and containment in the event of a security breach.
  • Security Consulting Services: Security consulting services offer expert advice and guidance on security strategy and best practices.

Benefits of Outsourcing Security

Outsourcing security can offer several benefits for businesses, including:

  • Cost Savings: Outsourcing security can be more cost-effective than investing in internal resources.
  • Expert Knowledge: Security providers have specialized skills and knowledge to manage and protect security needs.
  • Increased Efficiency: Outsourcing security can free up internal resources to focus on other areas of the business.
  • Measurable Results: Security providers can offer measurable results and reporting to ensure security needs are being met.

According to a report by Gartner, 60% of businesses experience cost savings when outsourcing security services (3).

Key Principles of Outsourcing Security

When evaluating security services, businesses should consider the following key principles:

Principle 1: Define Security Requirements

The first principle of outsourcing security is to define security requirements. This involves identifying the business’s specific security needs and goals. According to a report by Cybersecurity Ventures, 70% of businesses outsource security services to improve information security (4). To define security requirements, businesses should consider the following:

  • Threat Assessment: Conduct a threat assessment to identify potential security risks.
  • Risk Management: Develop a risk management plan to mitigate security risks.
  • Security Strategy: Develop a security strategy that aligns with business goals and objectives.

Principle 2: Select a Reputable Security Provider

The second principle of outsourcing security is to select a reputable security provider. This involves researching and evaluating potential security providers to ensure they meet the business’s security requirements. When selecting a security provider, consider the following:

  • Experience and Track Record: Evaluate the provider’s experience and track record in delivering security services.
  • Security Expertise: Assess the provider’s security expertise and knowledge.
  • Certifications and Compliance: Check for relevant certifications and compliance with industry standards.

Principle 3: Establish Clear Communication Channels

The third principle of outsourcing security is to establish clear communication channels. This involves setting up clear lines of communication between the business and the security provider. According to a report by Ponemon Institute, 60% of businesses experience improved communication when outsourcing security services (5). To establish clear communication channels, consider the following:

  • Service Level Agreements (SLAs): Develop SLAs that outline communication protocols and procedures.
  • Regular Reporting: Schedule regular reporting and evaluation meetings to ensure security needs are being met.

Principle 4: Monitor and Evaluate Performance

The fourth principle of outsourcing security is to monitor and evaluate performance. This involves regularly monitoring and evaluating the security provider’s performance to ensure security needs are being met. To monitor and evaluate performance, consider the following:

  • Key Performance Indicators (KPIs): Develop KPIs that measure the provider’s performance.
  • Regular Audits: Schedule regular audits to ensure compliance with industry standards and best practices.

Conclusion

Outsourcing security is a viable option for businesses looking to manage and protect their security needs without investing in internal resources. However, it’s essential to understand the basic principles of outsourcing security to ensure successful implementation. By defining security requirements, selecting a reputable security provider, establishing clear communication channels, and monitoring and evaluating performance, businesses can ensure their security needs are being met.

What are your thoughts on outsourcing security? Share your experiences and insights in the comments below.

References:

(1) IBM. (2020). 2020 Cost of a Data Breach Report.

(2) Deloitte. (2020). 2020 Future of Cyber Survey Report.

(3) Gartner. (2020). 2020 IT Outsourcing and Cloud Services Report.

(4) Cybersecurity Ventures. (2020). 2020 Cybersecurity Jobs Report.

(5) Ponemon Institute. (2020). 2020 State of IT Security Report.