Unfortunately, while the security and regulatory compliance threats and mandates affect all companies, it’s the mid-sized and small businesses that often don’t have the right staff or budget necessary to cost-effectively fight the threats and maintain compliance. Consider a report from Applied Research published by Symantec) that shows that small and mid-sized businesses spend two-third of their IT management time and $51,000 annually focused on security concerns. That’s twice the amount of time and 27.5 percent more budget spent than they spend on other areas of computing. That’s simply too high a price for security. When speaking with customers and listening to their experience, we hear a similar story. We heard about how too much time is wasted on installing, maintaining, and managing the software and the hardware behind those security efforts. This paper will detail how businesses – without deep pockets or experienced experts on staff – can reduce risk and attain regulatory compliance in a simple, reliable, and cost-effective way. Avoiding the cost and the complexity of traditional software is one of the reasons why so many companies are investing in cloud and Software-as-a-Service (SaaS) solutions.
One of the key distinguishing features of cloud-based security is the lack of equipment or software that must be deployed – the SaaS provider within secure data centers hosts those resources.