What Is The Value of a vCISO and How Does It Work?
The starting point for a vCISO engagement is a security assessment. Service providers will evaluate current business needs and assign a vCISO with matching skills and expertise.
Next, companies select the number of service hours they prefer. Hours can be purchased weekly, biweekly or monthly depending on customer needs, and they can be used in whatever way works best for businesses.
For example, a company could choose to meet its vCISO for an hour per day or several hours each week. Meetings typically happen by phone or via tools such as Webex or Teams. Depending on proximity, vCISOs may also provide onsite services.
Using a vCISO offers multiple benefits for SMBs, including:
- Industry expertise. Virtual CISOs have extensive industry knowledge and expertise. As a result, they can provide high-level strategic guidance and recommend specific actions tailored to business needs and risk profiles.
- Expense management. CISOs are in-demand professionals, and full-time security officers often cost upward of $200,000 per year. In addition, SMBs must spend time and money to find, interview and onboard these executives. Under a vCISO model, small businesses can access security expertise on-demand without paying full-time salaries or benefits.
- Risk management. In-depth experience allows vCISOs to evaluate SMB security posture from the perspective of an outsider. This enables them to spot potential problems, identify effective solutions and prioritize key actions.
- Strategy development. Partnering with a vCISO also helps small businesses create both short- and long-term security strategies. Over the short term, vCISOs can pinpoint IT weaknesses that must be addressed immediately. In the long term, they can help create incident response and disaster recovery plans that help companies navigate emerging issues.
Virtual CISOs offer real benefits for SMBs, from reduced costs to improved risk management and strategy development. Opting for expertise on-demand can help small businesses keep pace and stay profitable across evolving global markets.
This article is part of BizTech's AgilITy blog series. Please join the discussion on X (formerly Twitter).