Why Small Businesses Should Outsource IT & Cybersecurity Services

When it comes to small businesses, they may have little capital to work with but they also have the most potential for growth. To run a successful business and make the most of growth opportunities, business owners must mix hard work with innovative techniques. One of the best strategies business leaders can take advantage of is to hire an information technology (IT) and cybersecurity firm.

By outsourcing IT and cybersecurity services, business leaders ensure their organization’s operations will flow seamlessly and continuously. Hiring an IT and cybersecurity firm is a wise move for any business, but this is especially true for small businesses because the right IT and cybersecurity can work wonders. Here you’ll find several reasons why every small business should outsource its IT and cybersecurity services.

Cut Business Costs

Small businesses don’t always have the ability to hire top-level experts in all departments. Sometimes, businesses need a little extra help not just to survive, but thrive and expand to their full potential. Hiring a third-party IT and cybersecurity firm such as ORAM Corporate Advisors will not only help you implement and maintain the right technology and security for your specific business needs, but it can also help you cut some of the costs of doing business.

Through outsourcing your business’s IT and cybersecurity services, you’re making an investment in the secure operations of your business. That means little to no downtime of your systems and networks which means more uptime, better productivity, and higher sales.

Additionally, having the proper layers of security in place to protect your business and its valuable data is now more important than ever before. According to IBM’s Cost of a Data Breach Report 2021, the average total cost of a ransomware breach is $4.62 million, slightly higher than the average cost of a data breach of $4.24 million. Most cybersecurity insurance policies, if a small business has one, only cover up to $1 million. The report also showed that in 2021 alone, lost business opportunities due to downtime, recovery costs, client notifications, and loss of reputation following a breach averaged $1.59 million. The fact is, cyberattacks are on the rise so businesses need to take measures to reduce their risk.

Small and medium businesses (SMBs) are sometimes at an even greater risk of being hacked than larger enterprises and major corporations because of the lack of proper security. Beckage reports that 71 percent of cyberattacks happen to businesses with fewer than 100 employees. This is attributed to budget constraints that lead to limited security resources, less secure networks and systems, and not having proper staffing for quality cybersecurity.

In fact, Cybersecurity Magazine reports that 60 percent of all small companies close within six months of a breach. This is due to the cost of recovering from a breach, so hiring a third-party IT and cybersecurity firm is much more affordable. In other words, it’s cheaper to prevent an attack than to recover from a bad hack.

Address Challenges in Real-Time

Outsourcing your business’s IT and cybersecurity needs means that when things go bump in the night, you always have experienced professionals to help you out. With outsourced IT and cybersecurity, your business will have constant support to quickly identify and address any and all IT and security emergencies.

In today’s modern age and global society, a business’s success depends heavily on the ability to operate smoothly on a day-to-day basis. Business leaders need to be able to count on their IT infrastructure from hardware and software functioning properly to having easy access to the internet and data. Hiring a third-party IT and cybersecurity provider can streamline your IT needs, implement the most modern technologies to support your business, and guarantee increased accuracy and uptime.

The same is true when it comes to security. By outsourcing your security service needs, you will have top-notch security to protect your business at all times. This includes everything from modern firewalls with antiviral protection built in to continuous network monitoring. Such professionals can also help you build a written information security plan (WISP).

Give Your Business a Head Start

Hiring an IT and cybersecurity firm will also help get your business started off on the right foot. By having a team already in place, they can quickly and easily handle all IT-related issues and security challenges from day one.

Having the right IT services, software, and security in place will improve the daily operations of your business and allow you to focus on your clients, not your IT and security. Furthermore, by outsourcing to IT and security experts, you can implement IT strategies to support your business goals and customer base. The right IT services can change your business's infrastructure completely, giving you an edge over your competition.

Many third-party IT and cybersecurity service providers such as ORAM Corporate Advisors offer tailor-made services for small businesses based on the individual needs of the organization. Such professionals can often offer solutions to some of the most vexing problems that negatively impact your business operations.

Better Focus

Outsourcing your IT and cybersecurity need can minimize your business risks and reduce the challenges your company may face in the future. This means you can focus on other areas of your business without worrying about IT and security issues.

With IT and cybersecurity services at your disposal, you won’t have to go through the tiresome process of hiring and training an employee to handle these things for your organization. A seasoned, educated IT and cybersecurity consulting services team such as ORAM Corporate Advisors will eliminate the need to hire an in-house IT professional, reducing employment costs while streamlining your business technology and security.

For more information about IT and cybersecurity services for small and medium businesses or to schedule a free initial consultation with no obligation for your business, contact ORAM Corporate Advisors now at (617) 933-5060.