Cybercrime Protection: How to Choose a Cybersecurity Company?
Selecting the right cybersecurity company for your business is crucial for safeguarding your digital assets and protecting your organization from ever-increasing cyber threats.
With cybercriminals well-aware that few small businesses prioritize cybersecurity or establish comprehensive strategies, it’s no surprise that 61% of SMBs were the target of a cyberattack in 2021.
In 2023, according to Verizon’s ‘Data Breach Investigations Report’, small businesses (less than 1000 employees), actually faced more cybersecurity incidents than larger companies.
Unfortunately, many small business owners still mistakenly think that hackers only go after large companies, when in fact, attacks like phishing and social engineering frequently target small businesses.
In this article, Bocasay, our offshore IT agency based in Vietnam, provides an overview of all you need to know before choosing the best cybersecurity company for your business.
Key Tasks of a Cybersecurity Company
The primary goal of a cybersecurity company is to safeguard digital assets, sensitive information and computer systems from unauthorized access, data breaches and other malicious activities. These companies offer a range of cybersecurity services and products, catering to the diverse needs of their clients. Some common services and solutions provided by cybersecurity companies include the following:
■ Risk Assessment and Management: Identifying and assessing potential cybersecurity risks and vulnerabilities within an organization’s systems.
■ Penetration Testing: Conducting controlled simulated attacks on a system to identify weaknesses and vulnerabilities that could be exploited by real attackers.
■ Security Consulting: Providing expert advice on developing and implementing effective cybersecurity strategies, policies and practices.
■ Incident Response: Assisting organizations in responding to and mitigating the impact of cybersecurity incidents, such as data breaches or cyberattacks.
■ Managed Security Services: Offering ongoing monitoring, detection and management of security threats through a subscription-based model.
■ Firewall and Network Security: Implementing and managing firewalls, intrusion detection/prevention systems and other network security measures.
■ Endpoint Security: Protecting individual devices (computers, smartphones, etc.) from malware, ransomware and other cyber threats.
■ Identity and Access Management: Managing and securing user identities and controlling access to sensitive systems and data.
■ Security Awareness Training: Educating employees and users on best practices for cybersecurity to reduce the risk of human error leading to security incidents.
■ Security Software Development: Creating and implementing secure software development practices to prevent vulnerabilities in applications and systems.
■ Threat Intelligence: Providing information about current and emerging cyber threats to help organizations proactively defend against potential attacks.
■ Data Encryption: Implementing encryption techniques to protect sensitive data both in transit and at rest.
Factors for Choosing a Cybersecurity Company
Assessing Your Needs
The first crucial step is to understand your organization’s specific cybersecurity requirements and priorities. You should identify the digital assets that you need to protect, as well as all potential risks and compliance requirements.
Reputation and Experience
Always look for a company with a proven track record in cybersecurity. You should check their references, case studies and client testimonials in order to assess their overall cybersecurity performance.
Certifications and Compliance
It is important to ensure that a cybersecurity company adheres to industry standards and that it holds all relevant certifications. Compliance with regulations such as GDPR, HIPAA or ISO standards is essential.
Range of Services
Look for a cybersecurity company that offers a comprehensive approach that includes risk assessments, penetration testing, incident response and ongoing threat monitoring. Carefully evaluate the range of cybersecurity services offered.
Customization and Scalability
Choose a cybersecurity company that can tailor their services to your organization’s particular needs and ensure that they can scale their services according to business growth and evolving security requirements.
Response Time and Incident Management
In the event of a security incident, you should inquire about the company’s response time and you should ultimately be fully-aware of their incident management and response capabilities.
Transparency and Communication
Cybersecurity companies need to respond openly and transparently. It is essential to choose a company that is able to provide regular reporting and updates on your organization’s cybersecurity status.
Cost and Value
Before signing a contract, you should understand the overall cost structure and ensure that it aligns with your company’s budget. Always focus on the value of the services offered rather than just how much it costs.
Does the company provide skilled professionals in a wide range of cybersecurity areas? Make sure you are dealing with experienced professionals by assessing the expertise and qualifications of a cybersecurity company’s staff.
Partnerships and Collaborations
Market reputation is everything. As collaborations can indicate a commitment to staying current with industry trends, check if the cybersecurity company has partnerships with reputable security vendors or industry associations.
Legal Compliance Considerations
In order to ensure compliance with legal requirements and standards, always review contractual agreements carefully, including service level agreements (SLAs) and terms of service.
Emergency situations must be taken seriously and dealt with promptly. That’s why you should assess the level of customer support provided and determine the availability of support and the ease of reaching the company in case of emergencies.
Cybersecurity companies play a crucial role in helping businesses and individuals navigate the complex landscape of cyber threats. As the digital environment evolves, these companies continuously adapt their services to address new challenges and emerging risks. Organizations often engage cybersecurity companies to strengthen their security posture, comply with industry regulations and to respond effectively to the ever-changing threat landscape.
Benefits of Outsourcing your Cybersecurity Services
Outsourcing cybersecurity services to a company located in a different country can offer several benefits for organizations of all sizes. Here are some potential advantages:
▸ Cost Savings: No need to stretch your company’s budget. Offshore cybersecurity provides exceptional services at lower labor and operational costs.
▸ Access to Global Talent: No more talent availability concerns. Find exactly who your business needs to work with from a global pool of cybersecurity talent.
▸ 24/7 Security Monitoring: Offshore cybersecurity can provide around-the-clock protection, continuous monitoring and response capabilities.
▸ Focus on Core Competencies: Leave cybersecurity to specialized experts and foster business growth by focusing on your core business tasks.
▸ Quick Resource Deployment: Outsourced cybersecurity offers agility, enabling you to address urgent cybersecurity needs or respond to incidents.
▸ Risk Diversification: In the event of a local disaster or disruption, the offshore team can continue to provide cybersecurity services, ensuring business continuity.
Do you need a partner capable of producing high quality IT development for your company? At Bocasay you can build a tech team in Vietmam in only one month. Get in touch to find out how we can help with your next project.