Cybersecurity is now a top priority for businesses in Singapore, as IT and business leaders understand the financial and reputational damage that cyber-attacks can cause.
However, the unrelenting pressure of ever-evolving cyberattacks is causing cybersecurity professionals to experience burnout.
A recent Sophos report found that 88% of cybersecurity professionals in Singapore are affected by cybersecurity burnout and fatigue.
This is a real problem. This level of fatigue can lead to decreased vigilance, creating an opening for cybercriminals to exploit. In fact, 32% of respondents in a Sophos survey said that burnout and fatigue make them less engaged in their jobs, and 23% of respondents identified this as a contributing factor to cybersecurity breaches. Masu.
The cost of cybersecurity burnout
Cybersecurity professionals are under constant pressure to keep up with the ever-increasing volume and sophistication of cyber threats.
Even the best-resourced teams are bombarded with alerts, struggle to keep up with the latest patches, and are under relentless pressure to thwart attacks that can cripple their organizations. and are under threat of being blamed in the event of a successful attack.
As a result, turnover in the cybersecurity sector is rising in Singapore, indicating that the never-ending workload is starting to become unsustainable for cybersecurity professionals.
Meanwhile, employers are struggling with a talent shortage in the industry. Compounding the problem is that some skilled professionals are leaving the field altogether, despite good pay and benefits.
MSP: Cavalry arrives.
Managed service providers (MSPs) have a unique opportunity to address cybersecurity burnout. Not only is there a strong demand for cybersecurity services, but there are also profits to be made.
According to Mordor Intelligence, the global managed security services market is expected to nearly double from USD 36.05 billion to USD 76.09 billion by 2028, with APAC being the fastest growing market.
The opportunity for MSPs is to implement systems that can be applied across many organizations to effectively manage cybersecurity workloads. for example:
Security monitoring and threat detection: MSPs can monitor your organization's network for security threats 24/7, leveraging their expertise and resources to investigate suspicious activity and potential threats.
Responding to security incidents: When a cyberattack occurs, an MSP can help your organization contain the breach, repair the damage, and recover your systems.
Patch management: MSPs can automate the process of patching vulnerabilities in an organization's systems. This helps you quickly apply important security updates.
Security awareness training: MSPs can provide security awareness training to their organization's employees. This training helps employees identify and avoid phishing scams and other social engineering attacks.
As MSP customers begin leveraging MSP expertise, in-house IT security teams can focus on more strategic initiatives.
The rise of the managed security services market
The managed security services market is expected to grow significantly in the coming years.
Asia Pacific is expected to be the fastest growing market, with Singapore experiencing a compound annual growth rate (CAGR) of over 10%.
Why Sophos is the ideal partner for MSPs
Sophos is a leader in the cybersecurity market, offering a portfolio, platforms and programs that help MSPs build cyber trust to scale their security practices.
Importantly, Sophos takes a channel-first approach and understands the importance of profitable and sustainable business growth.
With extensive experience working with MSPs, Sophos provides tools, resources, and programs to help MPSs grow their businesses and compete effectively.
Sophos offers a comprehensive portfolio of security solutions that can be delivered through the MSP channel. These solutions include advanced endpoint protection against a wide range of cyber threats such as ransomware, malware, and zero-day attacks, as well as an integrated platform for managing security and managed threat response.
Sophos helps MSPs increase their profits with resources such as marketing support, lead generation, and co-branded tools, making it easy to enter cybersecurity.
By partnering with Sophos, MSPs become a trusted cybersecurity advisor to their customers, ensuring they have the security solutions and services they need to combat cybersecurity burnout and protect their valuable data.
Grow your business with Sophos
Learn more about how to use Sophos MSP Connect Flex to build a successful and profitable cybersecurity operation.
