It has been about 20 years since the virtualization of tech resources began to revolutionize how enterprise computing is done. Addressing issues of scalability, cost efficiency and reliability, computer virtualization made enterprise tech far more available to the workforce, across industries. That, in turn, allowed organizations to operate more efficiently and respond more rapidly to demands.
Now, a similar type of radical change is sweeping the cybersecurity industry. An alternative has arrived for the traditional operating model, where a company builds its own, self-contained security program in-house, from its own staff and resources. Instead, expert third-party providers and shared resources are bringing state-of-the art security to businesses of all sizes, in a new arrangement that could be aptly called virtualization of cybersecurity.
Setting the stage for virtualization are several issues and developments related to the state of cybersecurity. Perhaps the most important among these is the growing talent gap in cybersecurity-related professions, expected to exceed 3.5 million by 2021. However, even without a shortage of skilled staff, the economic reality of maintaining an internal security operations initiative is that it can be prohibitively costly. A team of nine security experts, for instance, costs an estimated $1 million per year.
Additionally, developments in AI, which are moving the industry closer to automated solutions, are also nudging organizations toward virtualization. Third-parties can leverage these kinds of technologies for their clients, bringing cost effectiveness and innovation to security solutions.
As an indication of the move toward virtualization, managed security services have been surging in growth in recent years. The market for these services is projected to hit $56.4 billion by 2024. And with companies embracing this change, the model appears to be disrupting the security market, rather than simply providing an alternative.
If you are in the market to virtualize security with a managed security service, it’s important to find an experienced provider who you can trust. In such a quickly growing field, there will be new entrants, with challenges to face, and entrusting them with your sensitive data is a risky prospect.
Lunarline has been operating in the managed security space for years, preparing for the change in how cybersecurity is delivered. If you are ready to put an expert team and top-of-class SOC to work for you, contact one of our experts online today.