Audit , Governance & Risk Management , Open XDR
5 Reasons to Consolidate Your Security StackHow SMEs Can Achieve Enterprise-Grade Cybersecurity
Let's face it - although small to medium enterprises - SMEs - do not have the security resources larger enterprise possess, they face the same risks. Building a comprehensive, cohesive, effective security tech stack is extremely difficult, especially when operating with a limited budget and resources.
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So how can SMEs achieve enterprise-grade cybersecurity to protect against impending threats?
One solution: consolidation.
Here are five reasons you should consider consolidating your tech as you strive to find an effective, sustainable security stack that also keeps costs in check.
1. Be Better Prepared for Economic Uncertainty
Economic uncertainty presents challenges to all businesses but may have outsized impact on smaller orgs. We don't know whether slowing markets will impact security spending. A recent survey by McKinsey & Company found that 85% of small and midsize businesses plan to increase their security spending heading into 2023, while Gartner recently projected that 2022 IT spending will grow by 3%, down from a 10% growth rate the year before.
Smaller orgs that may not have the same cash reserves as their larger counterparts can withstand economic uncertainty by optimizing their security stacks to be cost-effective while still addressing today's sophisticated threats. Replacing multiple vendors and platforms with a consolidated solution that offers the same - or better - capabilities not only reduces direct vendor costs, but also reduces ongoing vendor management and solution maintenance costs.
2. Improve Your Security Posture
A recent Gartner survey found that 75% of orgs are pursuing security vendor consolidation in 2022, up from 29% in 2020.
But that's not necessarily for the reason you'd expect - 65% of orgs consolidate to improve risk posture. An ESG survey found that the top reasons to consolidate security vendors were to improve operational efficiencies - 65%, gain tighter integration of security controls - 60%, and improve threat detection - 51%.
The key to protection is not more solutions. It's better solutions that can provide an expanded set of protections on a fully integrated platform.
3. Reduce Complexity
Products that natively bring security controls together within a single platform enable tighter, more efficient control over operations unlike buying multiple tools that are cobbled together and operated separately.
A natively integrated solution not only saves the time and cost of integration, but also ensures data fidelity. Simplified operations and management also result in better decision-making and faster time-to-remediation.
The benefits don't stop there. Having broad coverage of areas and capabilities makes it easier to deliver impactful executive reports and communicate to the C-suite and board the progress, impact and value of your cybersecurity program.
4. Offset Staffing Shortages
Partnering with vendors that enable efficient, streamlined operations while addressing advanced threats means that even lean and mean security teams can implement effective protection for their orgs.
Not only does this save the time and cost of integration, but it also reduces the need to find people with specialized skills to manage multiple, overly complex tools.
Leaner and meaner operations also means that information flows better and faster within the org, and a natively integrated solution also ensures data fidelity.
5. Optimize Your Security Spend
An obvious result of vendor consolidation is helping to control costs, and orgs are already realizing this benefit. Tools that offer integrated security controls can deliver more capabilities without adding more vendors – optimizing overall spending.
As a bonus, you'll reduce your maintenance and overhead as you spend less time updating multiple products and dealing with separate procurement processes.
Not all XDRs created equal.
Cynet is one powerful platform for detection, prevention, correlation, investigation and response across endpoints, users, networks and SaaS applications. With an automation-first approach, Cynet minimizes manual operations to unleash cybersecurity teams' performance and speed. Autonomous collection and correlation of alerts and related data to identify suspicious or problematic activity, fully automated threat investigation and remediation actions across your environment, backed by a 24/7 expert team at your service means maximum visibility, context and protection.
To learn more about how Cynet delivers enterprise-grade XDR on an SME budget, visit www.cynet.com.