It is a common discussion that we have been a part of many times…
Should I get new software or hire a new person?
So let's dive into this, and see what the benefits are of investing in new cyber security software and support or hiring a new staff member (The outcome may surprise you!)
Investment and spending within the public sector are monitored with scrutiny, and we get it, but the issues and cost of a cyber security breach can decimate not only your budget but the reputation of your organisation. According to a 2019 report by Accenture, the average cost of a cyber attack on a public sector company is £6.75m, and we know that many public sector institutions don’t have this lying around…
What are the advantages and disadvantages of buying new software for cyber security in public sector companies?
As with anything there are two sides to every story, but let’s begin with the advantages of purchasing and implementing new cyber security software.
Advantage 1: Cutting-Edge Cyber-Superpowers
New software brings a superhero lineup of the latest security technologies and features, like behaviour-based detection, machine learning, and real-time threat intelligence. It's like having a shiny, high-tech shield that can ward off even the sneakiest cyber threats, giving the organisation stronger protection.
Advantage 2: Compatibility Bliss
New software is a perfect match for modern operating systems, networks, and other software applications. It can seamlessly join forces with existing cybersecurity tools, creating a harmonious and efficient security management powerhouse across the organisation.
Advantage 3: Sidekick Vendor Support
Buying software from reputable vendors comes with the added perk of ongoing support and regular updates. They'll have your back, swiftly addressing any vulnerabilities or bugs with powerful patches and updates, ensuring the bad guys never get a chance to exploit them.
Even though these are amazing advantages there are some downsides to consider such as the battle you need to have with your budget. Equipping and ensuring that you have enough licences can be costly, but worth it in the long run. Alongside purchasing your new shiny piece of software you also need to consider the cost of implementation and the time associated with this.
How can a new staff member improve the cyber security of a public sector company?
Due to the issues above of cost and implementation alongside learning how to use and act on the things showcased on your new piece of software you may think a new team member may be an easier choice.
A dedicated individual can ensure that your security protocols are followed and respected, can focus their energy on understanding your IT landscape and can ensure that there is collaboration within all of your departments when it comes to keeping your core assets safe.
They can slo dedicate energy to creating a culture that encapsulates keeping your IT security at the forefront of your organisation so that it is a consistent focus for all of your teams.
What factors should public sector companies consider when deciding between buying new software or hiring a new staff member for their cyber security needs?
You are still sitting wondering what would be the best choice for your organisation. To help you to come to the most appropriate solution here are some things to consider:
- What is more budget friendly? Are you able to cost out the necessary licences and implementation of a system that will support and adapt with you at the moment?
- What skills do you need?
Cyber security software is able to support you 24/7, and often act on your behalf without you needing to worry. An individual is often restricted to their working hours which means they may be too late to the battle…
- Complexity Clash
Consider the complexity of the cyber security needs. Will software solutions do the job, or do you need a new team member to navigate the labyrinth of security configurations? Choose the path that aligns with your organisation's unique challenges, but make sure you are clearly seeing all of your cyber security landscape.
- Risk opportunities
Assess the risks on the battlefield! Evaluate the potential consequences of security breaches and the organisation's risk tolerance. Would a dedicated staff member's watchful eye and quick response time be the best defence, or can advanced software solutions provide the necessary armour?
A main benefit your organisation will discover when choosing dedicated software is that there is a significant lowered risk of human error. There is also no alert fatigue or overwhelm when it comes to cyber security from a software point of view, compared to a team member who may suffer from those impacts and responsibility.
How much does cyber security software cost for public sector companies?
This question is a bit of a how long is a piece of string question, but we can give you an overview of the costs you need to consider. When it comes to the cost of cyber security software for public sector companies, it's like navigating treacherous waters—there's no one-size-fits-all answer. The price tag can vary widely depending on factors like the size of the organisation, the chosen software solution, and the level of protection desired.
Licensing fees, annual subscriptions and implementation are a main area of cost that need to be considered when choosing your security provider and platform. Alongside this there needs to be an additional thought and budget considered for ongoing training and development within your cyber security protocols and systems.
It is also a great idea to consult with cybersecurity professionals, such as Core to Cloud, to obtain accurate and up-to-date pricing information specific to the software solutions you are interested in. We can provide tailored quotes based on your organisation's requirements and help you understand the cost implications in more detail.
There are benefits to both…
In essence there are benefits to both solutions, but a fully implemented and supported cyber security system will allow you to grow and be safe (even when a team member calls in sick). A cyber security system will also ensure that when everyone has clock off at the end of the day you are still protected and supported from any emerging threats.
If any of this article has raised any questions for you about the future of your cyber security processes then please get in touch with one of our team members at Core to Cloud here. We have some amazing and visionary vendors who provide solutions that are at the forefront of the cyber security sector.
