SYDNEY, Australia--(BUSINESS WIRE)--#asx--Comprehensive cyber protection for SMBs has emerged as the next great revenue driver for IT service providers, with 60% of SMBs looking to outsource cybersecurity to a third party, according to a new report by Frost & Sullivan.

The report, commissioned by global cybersecurity company FirstWave Cloud Technology, showed SMBs were in �urgent� need of comprehensive cyber protection and were increasingly relying on managed service providers to deliver threat remediation.

�Security, though a priority, often slips through the cracks, making it difficult to intentionally and continuously establish a security-forward organisational stance from their IT service providers,� the report said.

To fill this gap, FirstWave developed the CyberCision� Open Security Management Platform (OSMP). Designed to equip FirstWave�s service provider partnerss with low-cost, high-revenue security services for their end clients, the platform enables SMB customers to benefit from an enterprise-grade Cybersecurity-as-a-Service solution.

FirstWave CEO Danny Maher said it was no secret that cybersecurity had become one of the most pressing issue for SMBs and this presented a huge opportunity for their IT service providers.

�With high-profile data breaches making headlines on an almost weekly basis, it is clear that traditional security measures are no longer enough to protect organisations from sophisticated cyber attacks,� he said.

�As a result, more and more businesses are turning to outsourcing as a way to improve their cybersecurity posture and service providers need to have a solution ready for their customers.�

�By adding cybersecurity to their existing services, SMBs can bolster existing connectivity assets with the critical protections they need, all through a single provider.�

For many service providers delivering cybersecurity solutions to their customers can involve significant cost and complexity. FirstWave�s world-first OSMP, CyberCision�, was explicitly designed to address this problem.

�CyberCision� enables service providers to provision enterprise-grade security services to enterprise and SMB customers at scale, opening the door to new revenue opportunities with a lower cost-to-serve,� the Frost & Sullivan report said.

�With CyberCision�, service providers can build as-a-service cybersecurity packages of enterprise-grade, including a range of management and operational services such as multi-tenanting, billing, and provisioning that enable them to streamline the sales and delivery process at a minimal cost.�

Contacts

Media:

Ben Ready

+61 415 743 838

[email protected]