Protect Your Data Without Breaking the Bank: Using a Specialized Managed Security Services Provider

By Andrew Lance | CEO

Many of us are in a tough spot right now, with the economy in such an uncertain state and businesses across all verticals rightsizing their organizations. With all of the challenges that companies are facing, it’s more important than ever to make sure that your technology and cybersecurity is up to snuff. That’s why I want to talk to you about the importance of using Managed Security Services Providers (MSSPs) to help you stay secure even as many IT departments find themselves in a “do more with less staff” situation.

Data Protection is a Top Concern

Let’s start with the basics: cybersecurity is incredibly important. It’s not just a matter of protecting your company’s data and assets – it’s also a matter of protecting your customers and your reputation. Cyber threats are never-ending and are only increasing, with hackers and other bad actors constantly looking for new ways to exploit vulnerabilities in your systems. You simply can’t afford to let your guard down for even a moment, because it only takes one successful cyberattack to wreak havoc on your business.

Now, here’s the thing: retaining staff with specialized cybersecurity and data protection skills is really challenging, and not cost-effective for many companies. The reality is that cybersecurity is a highly specialized field, and finding qualified experts to fill those roles can be extremely difficult. Encryption and key management experts are even harder to find. Even if you are able to find the right people, it can be tough to keep them on staff over the long term, especially if you’re a smaller company with limited resources.

That’s where MSSPs come in.

Sidechain: a specialized MSSP in Encryption and Key Management

Managed Security Services Providers are essentially third-party organizations that provide outsourced cybersecurity services to companies of all sizes. These providers offer a range of services, including network security, threat detection and response, and incident response and recovery. By working with an MSSP, you can access the expertise of highly trained cybersecurity professionals without having to hire and maintain a large in-house team.

Sidechain Security is a special kind of MSSP, focusing on an area that not many others do: encryption and key management. Most organizations are being pressured to encrypt their data from all kinds of directions: customer mandates, regulatory controls, compliance requirements, and even executive mandate.

In a nutshell: encryption is a new norm.

Advantages Working with MSSP’s

The first advantage with working with a managed service provider like Sidechain for your encryption and key management needs is that it solves a very complex problem.

Encryption is hard! If done incorrectly, you have a very real risk of corrupting your most sensitive data. There are keys to manage and secure, customer requirements to meet, and staff to train. Encryption solutions are complicated, time-consuming, and tend to be run best in the hands of armies of security engineers. If acronyms like AES, HSM, KMIP, and FPE have confused, don’t worry, you’re in good company – even the most seasoned security professional still gets nervous with encryption!

An additional advantages of working with a specialized MSSP is that they are constantly monitoring your systems for potential threats. They have the tools and knowledge to detect and respond to security incidents in real-time, minimizing the potential impact of any attack. They can also provide ongoing assessments of your systems and processes, helping you identify vulnerabilities and develop strategies to mitigate risks.

Another major advantage of working with an MSSP is that they can help you maintain compliance with regulatory requirements and industry standards. For companies in highly regulated industries such as healthcare, finance, and government, this is especially important. Sidechain can provide guidance on data security, privacy, and compliance regulations, helping you navigate complex legal and regulatory frameworks.

Of course, there are also cost advantages to working with an MSSP. By outsourcing your cybersecurity needs to an MSSP, you can avoid the costs associated with hiring and training in-house IT staff. MSSPs can also help you optimize your technology investments and identify areas where you can save money without sacrificing security. For specialized skills like encryption and key management, this is especially critical.

In conclusion, the current economic situation has made it more important than ever to ensure that your technology and cybersecurity is rock solid. With cyber threats constantly evolving and the challenges of retaining specialized staff, working with a specialized MSSP like Sidechain is an effective way to stay secure without breaking the bank.

Do you have encryption and key management needs? Please contact us today to discuss them with a certified data protection engineer.

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