Top Benefits of Hiring an Offshore Software Development Company

There’s a constant uptick in security breaches of companies around the world. It’s a never-ending concern for security professionals, especially since countless organizations are not giving it much attention.

A study by IBM Security/Ponemon Institute conducted in 2019 concluded that the average cost of a data breach is $3.92 million. This raises an important question, "What can companies do to safeguard themselves from these attacks and potential losses?"

How do software vulnerabilities affect businesses?

Software vulnerabilities are flaws or weaknesses in software that compromise the security of a company’s system. These issues can be critical for businesses as a data breach or system attack can easily cost millions of dollars in compromised files, operational challenges, and system maintenance.

How to prevent security vulnerabilities

Data breaches show no signs of letting up; therefore, having secure software is vital to every organization. Although not all attacks can be fully anticipated, many can still be avoided by following the tips below.

Define Security Requirements

You must ensure that security requirements are clearly identified and observed during the entire software development life cycle. This includes business objectives, company policies, risk management programs, and applicable laws and regulations.

Be Mindful of Third-Party Software

Minimize the risks of being exposed to vulnerabilities by managing the use of unsafe third-party components. If using third-party software is inevitable, only use those with Code Signing Certificates to guarantee its authenticity, effectiveness, and trustworthiness.

Consistently Identify Vulnerabilities

Limit an attacker’s window of opportunity by regularly checking your systems for vulnerabilities. Assess and test the software's code to identify new risks. Establish an efficient response program to ensure security researchers can log weaknesses as soon as possible. 

Get Help from the Experts

Since developing innovative, functional, and secure software is what software development companies focus on, they have a strict and consistent process and guideline that they follow for every execution. In a nutshell, they’re the experts who can effectively help your company with your infrastructure.

Why hire an offshore software development company?

To help businesses decide how software development vendors can help with their system security, we’ve broken down the top benefits of hiring an offshore software development company.

Guaranteed Security

Trusted software development vendors are experts in their industry, especially with system security. They are knowledgeable about the dangers that companies can face and how to mitigate them. Partnering with the right firm means you’ll have access to professionals that would turn your business and security requirements into a reliable product.

Cost-Saving

Outsourcing your development project is a more efficient and financially sound choice since you won’t have to hire and train an entire team to create software. You can use the money you save for the betterment of your company.

Reduced Liabilities

A software development process requires a lot of valuable time and resources. It demands full attention on the core objective, from the inception phase to the deployment of the solution. 

To maintain the project, you must have a dedicated team to handle the task and acquire the tools for development. These obligations can be expensive for companies, especially for small and medium-sized businesses trying to minimize liabilities while maximizing the efficiency of available resources.

Faster Development Time

Competition is tight in today’s market, so producing secure and functional software in a short time will benefit a company. In-house development requires hiring software developers and researching rigorously on the best tools needed. Without the technical know-how, this can take a lot of time and delay the entire process and compromise quality.

Utilize The Top Resources And Technologies

The technology landscape is rapidly evolving, with technologies such as artificial intelligence, blockchain, natural language processing, and many more changing how industries operate. Different resources are being utilized in offshore development, which enhances the development life cycle and their ability to create powerful software that influences innovative technologies.

Offshore development offers a simpler course to expanding your business and leveraging the decade’s technological advancements. Not to mention the security and peace of mind that it can offer your company. Ensure seamless business continuity and growth with these insights.