3. Greater Access to Talent and Expertise
Outsourcing also enables institutions to access otherwise unavailable cybersecurity talent and expertise.
“Many higher education institutions that turn to outsourcing do so because of a lack of talent or funds to set up a security infrastructure themselves,” says Joel Snyder, senior partner at OpusOne IT consultancy.
Universities can free up staff time, energy and resources by having a third party vet the security environment, identify gaps, proactively manage risks and respond to incidents.
“You outsource so you can free up people on your team to do the high-value work that no one else can do,” says Kip Boyle, founder and CISO of Cyber Risk Opportunities.
The cybersecurity talent shortage forecast may increase the need for outsourced talent in the coming years. Gartner found that by 2025, nearly half of cybersecurity leaders will change jobs, with a quarter opting for different roles due to work-related stressors. By then, a lack of talent or human failure will also be responsible for half of all cyber incidents.
4. Lower Costs
While outsourcing isn’t guaranteed to lower costs, smaller schools that lack the funds to hire staff and create the cybersecurity infrastructure may find it more cost-effective than building their own SOC from scratch.
According to Malwarebytes Labs, an organization that wants to build its own SOC team needs at least five full-time employees, along with management, training, consultation and equipment costs for hardware and software.
Identifying Vulnerabilities Leads to Managed Cybersecurity Success
Although outsourcing cybersecurity can present its own challenges, these benefits are not guaranteed. Handing off cybersecurity tasks to an outside party can put private personal information at risk, lead to a loss of control and lull universities into a false sense of security. Higher education institutions that jump into cybersecurity outsourcing without a plan and a basic understanding of their needs may be disappointed, says Boyle.
“There can be benefits, but you must work hard,” he says. “A lot of people get into outsourcing without really understanding what they are getting into.”
Boyle, who teaches a course on cybersecurity outsourcing, notes one key to success is to first hire a CISO or experienced person to manage the contracts. Schools should also ensure third parties understand the vulnerabilities and needs of higher education institutions.
Another key to improving success in outsourcing is for the school to run its own risk management exercises to identify critical assets and risks, says Snyder.
“You have to identify your problems and risks. You have to be able to explain the risks for them to help,” he says. “Outsourcing cybersecurity can offer benefits, but it can be difficult to get it right.”
MORE ON EDTECH: Why it takes more than technology to secure your institution.
