Sometimes it pays to shop for the absolute lowest price, such as airline tickets, or brand-name consumer products you can get at several locations. Other times — like in houses, cars or healthcare — going too far in the bargain hunt can bite you in the butt.
Cybersecurity is one area in which you simply do not want to pinch pennies.
Not all services are built with the same level of innovation, powered by the same experience and talent, or designed with the same kind of consumer in mind. All these factors and more can make the difference in how effectively you battle cybercriminals — and thus they make the difference in whether you’re getting a value, or just getting something for cheap.
Yes, it’s possible to get a good deal on top-notch services, but the age-old maxim generally holds true: In cybersecurity, you get what you pay for.
You don’t have to look far to find case studies on companies that have learned the hard way not to low-ball their cyber spend.
Just take a gander at the massive big-tech data breach that’s back in the headlines.
Six years ago, Yahoo! Inc. and Alphabet Inc’s Google (along with a handful of other companies) experienced a sizable breach in which Chinese military hackers compromised users’ email accounts.
Google responded with a serious campaign to enhance cybersecurity, making it a top priority to prevent any similar events in the future. Yahoo was much more hesitant and conservative in its cyber defense investment following the incident.
Cut back to present day, and Yahoo finds itself struggling to deal with the fallout of a mega-breach dating back to 2014 that compromised 500 million users’ email accounts. Google, it appears, has avoided the same fate.
Companies — even small businesses — should avoid cutting corners like skipping on critical security services or looking solely at the lowest price. But that’s not to say you can’t find good options for an affordable price.
Many vendors with limited security infrastructure and funds come to Lunarline for our Managed Active Response Security program, which puts our state-of-the-art security operations center and our highly skilled professionals to work for you. We also offer a range of products designed to make tasks like security configuration, vulnerability scanning and pen testing more efficient and affordable, without compromising quality.