Outsourcing any aspect of your business can be a daunting task—so it’s understandable that business owners and stakeholders may have concerns about letting another entity assume some responsibilities. Why should you rely on an outside resource for management of your cybersecurity compliance when your IT department is already proven, trusted, and capable?
A trusted cybersecurity compliance provider can be one of your company’s best investments
Outsourcing cybersecurity compliance management brings in specialized knowledge and expertise. Cybersecurity experts who are up-to-date with the changing trends in the industry can help your business stay ahead of emerging threats and vulnerabilities. This, in turn, can lead to improved security measures and reduced risks of data breaches.
Managed compliance also reduces the burden on internal resources, allowing you to focus on your core competencies and resulting in increased productivity, efficiency, and cost savings. Outsourcing also enables your organization to gain access to best practices, tools, and technologies.
Relying on the expertise of an entity specifically skilled in cybersecurity compliance management can help ensure compliance with contractual obligations, enhance security posture, and protect sensitive data. In addition, it allows your business to focus on day-to-day tasks.
Reasons outsourcing cybersecurity compliance management makes sense
Outsourcing drives your return on investment by allowing your business to:
- Tap into expertise
By hiring a third-party cybersecurity compliance provider, you can benefit from a team of dedicated individuals who possess specialized knowledge and experience in ensuring compliance with regulatory standards and industry best practices. These professionals have worked with businesses similar to yours and have developed solutions that ensure compliance without placing an undue burden on the end user.
Additionally, compliance analysts have established connections and are involved in compliance events such as conferences and training, which allows them to share knowledge and access deeper insights to solve unique compliance requirements specific to your business.
- Increase cost-effectiveness
Outsourcing cybersecurity compliance can often be a more cost-effective option than hiring and training an in-house team to handle these responsibilities. For instance, if your business has been awarded a new contract, you may come across clauses that require compliance with DFARS 252.204-7012, NIST SP 800-171, CMMC and other requirements. Your internal IT team may lack the resources or specialized expertise to handle these requests without adding staff or investing in ongoing training and certifications.
All of this can add up to significant costs—including the cost of hiring someone new or training your team to understand compliance. Consider that while team members are being trained, they may not be able to focus on their regular tasks—and neglecting training could lead to a lack of understanding of the obligations and requirements associated with compliance. Always be mindful that gaps in compliance can lead to loss of contract and legal or financial penalties.
- Support scalability
As your business expands, you may require more employees. In such cases, it is advisable to seek the assistance of a managed compliance provider. This approach will help you avoid the need for additional resources and staffing while ensuring that you comply with relevant regulations and industry standards. By partnering with a managed compliance provider, you can be confident that your cybersecurity compliance is well taken care of, freeing you to focus on the growth of your business.
- Focus on core competencies
Each staff member has a specific skill set that you hired them for, such as security, network, or system administration. Although they work closely with compliance controls, they may not be as confident or up-to-date with the regulatory landscape. Outsourcing cybersecurity compliance management can help free up internal resources, allowing them to focus on what they already excel at and keeping your day-to-day IT systems up and running.
- Reduce risk and foster peace of mind
By relying on a trustworthy partner for compliance management, your business can be assured that your cybersecurity compliance needs are being met effectively and efficiently. This can significantly reduce the risk of non-compliance, loss of contract and potential legal or financial penalties. As a result, you can have greater peace of mind and focus on the core of your business.
If you have any questions about what outsourcing cybersecurity compliance management can do for your business, contact the experts at CyberSheath. We’re here to help.