With the rise of security threats and cyberattacks targeting businesses, it’s important to ensure your organization staffs the right people to protect itself. Hiring a Virtual Chief Information Security Officer (vCISO) to create and oversee a security plan will put your company in a better position for both technology and business purposes in 2018.
What is a vCISO?
The vCISO is a person or a team that serves as a Chief Information Security Officer (CISO) but exists outside the organization. It’s an outsourced service that can radically reduce costs while simultaneously improving security. Companies generally don’t think about outsourcing executives, but it’s already common practice to outsource CFOs or General Counsels when full time positions are not warranted. Hiring a well-qualified CISO can be cost prohibitive to many organizations making a vCISO an attractive alternative to defend against increasing cybersecurity threats.
Here are the top reasons to hire a vCISO in 2018.
1. Cost Reduction
The immediate cost savings when using a vCISO are realized in headcount. Information security professionals command high salaries and those at the executive level cost even more. On average, vCISO services usually cost less than 25% of the CISO salary. The median CISO salary is over $200,000 according to Forbes. Other costs associated with information security headcount include the hiring and training processes as well as office space and equipment expenditures. With a vCISO, your organization can hit the ground running instead of spending weeks or months searching for the right hires and subsequently training and retaining them.
2. Increased Security Expertise
When working with a vCISO, you automatically gain access to a team with a breadth of knowledge working in different industries and business models. They stay current with identifying new types of cybersecurity threats and how to build contingency plans to protect against them. With internal personnel, companies typically only view security through one lens. With a vCISO, your company will receive the attention and commitment from one point of contact, but also have access to a team of experts.
3. Reduced Business Risk
When hiring an executive for a CISO position, your company inherently takes on risk. An underperforming employee can cost a company more than their salary. In this scenario, cost isn’t the only thing at stake. If security measures are compromised due to a bad hire, then your intellectual property and proprietary information become vulnerable to attacks. Some of the more recent worldwide cyberattacks, such as the WannaCry ransomware attack, shut global companies down for weeks.
4. Scalability with Current Technology
vCISO service providers can help their clients scale their cybersecurity plans with their current technology. Your vCISO partner can help tailor the right cybersecurity plan for your business then implement it quickly. Teams of experts accustomed to a variety of ERP and other enterprise systems understand the vulnerabilities and challenges when it comes to cybersecurity. In-house CISOs often serve as both the executive and the staffer making it difficult to get projects off the ground at an urgent pace.
5. Accountability to Stakeholders
A vCISO can help marry your cybersecurity plan with your corporate strategy. vCISO teams serve all levels within an organization from providing engineers to project managers to policy writers to meet the needs of your cybersecurity program. Cybersecurity is everyone’s responsibility and implementing a comprehensive plan involves meeting expectations of stakeholders and various levels. Remaining accountable to all stakeholders provides balance in the cybersecurity program that is often difficult for an internal CISO to deliver.
vCISOs help businesses save money on their cybersecurity programs and also arm them with better protection. Through access to a wide array of cybersecurity professionals that can deliver scalable solutions at a rapid pace, your organization will go into 2018 with peace of mind working with a vCISO. Leave cybersecurity to a team of experts dedicated to protecting your company so you can focus on the other core aspects of your business.
Call XPERTECHS today at 410-884-0225 to learn more about our vCISO and managed security services, or click here to contact us online.