Businesses choose third-party security for enhanced protection and expertise

TLDR:

• 71% of organizations reported feeling the impact of the cybersecurity skills shortage in 2023
• Many organizations are turning to third-party security partners to fill gaps in experience and expertise

In 2023, 71% of organizations across various industries reported feeling the impact of the ongoing cybersecurity skills shortage. This has led many businesses to scale back their cybersecurity programs as they struggle to find experienced candidates to fill vital positions. In response to this, many organizations are turning to strategic industry partnerships to help fill gaps in experience and expertise, rather than relying solely on in-house security operations.

One of the reasons organizations are seeking external partners is to address technology or resource gaps caused by the cybersecurity skills gap. Additionally, organizations are prioritizing spending in other areas over building an in-house security program, leading them to explore third-party partnerships. By working with third-party experts, organizations can secure their systems in a more effective and scalable manner, freeing up time and resources to focus on core business objectives.

Third-party security partnerships offer the advantage of implementing an entire security stack instead of taking a product-by-product approach, which can ensure solutions are appropriately implemented and maintained. By partnering with external experts, organizations can stay on top of the evolving threat landscape and have access to the latest security solutions without the burden of day-to-day maintenance tasks.

When considering a security partnership, it’s important for businesses to vet potential partners thoroughly to ensure they have the specific expertise needed. Organizations should define what success looks like, ask the right questions about the partner’s experience and capabilities, and consider factors such as scalability and pricing models when making a decision. Ultimately, whether to work with a third-party security provider depends on the organization’s specific challenges and needs.