The obligations of maintaining sufficient cybersecurity are growing for individuals, businesses, and governments alike. The global cyber security market, once valued at $3.5 billion in 2004, is projected to reach $231 billion by 2022.

The number of targets at risk is also growing at an alarming rate. According to experts at Intel, our planet could have 200 billion connected devices by 2020, about 26 “smart objects” for every single person on Earth.

Even with growing costs and the number of vulnerable devices to protect, there are ways to save money while protecting your data and networks.

 

Start Simple

Start by enforcing the practice of healthy online habits in your role. Understand what makes you or your company a target for cybercrime, and work to minimize the issues. You’ll need to be vigilant; from the security of your passwords, to the latest updates to your software.

Recognize that a blueprint which worked a year ago may no longer be able to offer you enough protection in our ever-changing digital landscape. Changing your online habits or company policy to be more secure is a simple, but effective first step.

 

Security as a Service

One way you can achieve that is to embrace security as a service (SaaS). Doing so can cut expensive upskilling costs from the budget of your IT department. It can also help you centralize your management of email and web threats, keep track of and diminish internal threats, and manage regulatory requirements such as PCI and HIPAA compliance.

Many managed security services companies feature access to real-time threat protection and security updates. Some will also arrange for a member of their team to work on-site at your business if your security needs are very great. Overall this helps businesses save money by streamlining workflows, easing audit fatigue, and lowering costs on security management-related hardware.

 

Storage as a Service

Another way to reduce costs is to use storage as a service through a cloud platform. Migrating to cloud storage is an effective way to save money for a number of reasons.

Using cloud-based storage can slash hardware costs substantially, as all physical equipment is handled by the service providers. That means service providers deal with maintaining, repairing, and upgrading the physical servers, as well as the associated bills. Additionally, since users don’t have to worry about hardware, it is often possible to lower staffing costs.

Installing cloud storage services also requires a lot less time than traditional installations, which boosts productivity. By working with a storage service such as Unitrends or Vaultlogix, their data is all backed up on the cloud, which can save a lot of time, money, and stress if disaster recovery is needed.

 

Investing Wisely

Implementing an effective cybersecurity system is a cost-saving measure in and of itself, as defending against cyber attacks is often a lot less expensive than recovering from them. Think about the value of your network and all the data you store. If it costs less to protect than it would to lose, it’s time to start working on your cyber security plan.

 


Editor’s Note: This blog article was written by an outside contributor – a guest blogger – for the purpose of offering a wider variety of content for our readers. However, the opinions and recommendations expressed in this guest blog are solely those of the contributor, and do not necessarily reflect those of The Security Awareness Company, LLC. If you are interested in writing something for us, please do not hesitate to contact us: blog@thesecurityawarenesscompany.com.

David Olson

David Olson

Content Strategist at PCNation
David Olson is a writer, eBook author, and content strategist for several companies, including PCNation. He specializes in the latest developments in technology and how they help companies communicate with evolving consumer bases worldwide.
David Olson

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