Consolidating Cybersecurity Tools for Peak Cost Savings

Consolidating Cybersecurity Tools for Peak Cost Savings

The cyber threat environment is constantly changing, with new threats emerging and threat actors growing in sophistication. To keep pace, businesses need to be just as dynamic in their approach to building a high-quality cybersecurity toolset 

This cyber arms race can lead businesses to adopt a wide swath of cybersecurity solutions that are potentially expensive and lacking in coordination and interoperability. In these cases, consolidating cybersecurity tools into a unified suite can provide both cost savings and enhanced security. 

Still, some companies may feel hesitant to begin consolidation, especially if their current tools seem to be working well enough. They may feel pressure — often driven by factors external to the cybersecurity realm, such as vendor relationships and concerns surrounding employee training — to maintain the status quoWith the right plan of action and partners to support the process, companies can overcome these hesitations and reap the benefits of consolidating their cybersecurity tools, including: 

  • Cost optimization: In many cases, companies could be paying for unnecessaryoutdated or extraneous features or services. Consolidating tools allows organizations to trim away these functions, saving funds without compromising security.  

  • Simplified architecture: Cost savings are not mutually exclusive with better threat detection — they can go hand in hand thanks to a simplified tools architecture. Reduced complexity means easier use and management, more interoperability and less chance of a mistake or other misuse that creates a cyber vulnerabilitySimplified architecture and greater ease of use can also improve employee experience by allowing for more targeted and impactful work. 

  • Faster detection and eradication times: consolidated toolset can also lead to faster detection and eradication times for threats and intrusions. A suite of tools that communicates and works well together can help catch threats that decentralized, isolated tools would otherwise miss. Teams can also spend less time chasing dead ends.  

  • Increased effectiveness of AI tools: Consolidation can help centralize data and accelerate integration processes, thereby enhancing the overall effectiveness of AI tools. This is an especially important gain, as threat actors are moving quickly to leverage AI for their own purposes. Companies need to take full advantage of AI in their cybersecurity strategies to stay secure. 

  • Simpler integration in M&A scenarios: A consolidated, efficient suite of cybersecurity tools can also help streamline M&A integrationCombining a pair of consolidated suites requires less effort than puzzling together potentially disconnected functions, resulting in a quicker and more secure integration process.  

Roadblocks to Consolidation 

The benefits of consolidating cybersecurity tools can ultimately enhance cyber resilience — the end goal of any cybersecurity strategy. Still, many companies may feel some degree of inertia around beginning the consolidation process. 

In many cases, budgets and other agreements with existing tools vendors are already approved for preset amounts of time. Cybersecurity staff may feel reluctant to alter an agreement that has already been set or reallocate funds that have already been appropriated. They may also worry about potentially jeopardizing relationships with vendors if consolidation requires phasing out certain features or services in favor of others. 

Adding to this inertia are concerns around internal capabilities. New tools may require new training and other staff support, especially during the early stages of adoption. Companies might see new or consolidated tools as a risk in and of themselves, with the potential for downtime or mistakes made during a big transition to introduce more vulnerability. 

Given these apprehensions, it’s understandable that many cybersecurity teams would adopt a mentality of, “If it isn’t broken, don’t fix it.” However, ithe fast-changing cyber threat landscape, that mentality might not afford a sufficient level of protection. Rather than waiting for a critical failure to prompt a reevaluation, companies should begin preparing for the consolidation process now. 

Navigating the Consolidation Process 

With clear benefits and a pressing need, the case for consolidating cybersecurity tools is strong — and doing so need not be as disruptive as some might anticipate. Tools consolidation is a planned, step-by-step process, not an all-at-once overhaul. Existing contracts, for instance, do not necessarily have to be vacated immediately. The precise steps will vary depending on the business, but there are several key junctures along the way: 

Step 1 

The process of consolidating cybersecurity tools should begin with a readiness assessment to determine the overall state of the company’s security posture. What are the strengths? What is missing? Where are there gaps and redundancies? These questions can help inform the progression of consolidation efforts. 

Step 2 

Next, companies should build a business case for consolidation. Based on the findings of the readiness assessment, cybersecurity staff should define their goals, timeline and priority areas. They should also identify risks to mitigate during the process, which could include coordinating with other areas of the business to plan for downtimes or policy changes.  

Step 3

The following step is a cost assessment. Security and IT staff should survey existing tools and determine how much the company is paying for each one, paying special attention to tools that have a high cost relative to their security value — organizations can likely cut these tools with minimal risk. As part of this step, teams should map out present contracts and make note of when they end, to build these dates into the consolidation timeline. 

Step 4

Once consolidation is underway, companies should develop plans and procedures for continual assessments. Teams should establish performance benchmarks to test the effectiveness of new and legacy tools, prepare to make further changes if the need arises and prioritize interoperability when implementing additional tools to help maintain consolidation going forward. 


How BDO Digital Can Help 

For companies interested in consolidating their cybersecurity toolsets, partnering with a knowledgeable third party may prove beneficial. BDO Digital can provide help and guidance at any step along the way. Our professionals can help maximize existing investmentsintegrate both old and new tools into a best-of-suiteand assist with designing ongoing assessments to measure how well your cybersecurity stack can detect, mitigate and prevent cyber threats.

Looking to Consolidate Your Cybersecurity Toolsets?

Companies looking to identify areas for improvement or consolidation in their cybersecurity toolsets can schedule a complimentary BDO Digital Active Insights health check to uncover immediate savings and risk reduction opportunities to achieve a more secure cyber posture.  

Want to Put Your Cybersecurity Stack to the Test? 

Schedule a complimentary BDO Digital Active Assure attack simulation to identify security blind spots and weaknesses within existing controls, processes and tooling before adversaries exploit them.