Defined in its simplest form, Cyber Security Consulting Services encompass an array of solutions designed to protect an organization's digital infrastructure from diverse threats. They provide strategic insight, tactical guidance, and hands-on implementation of protection measures, to fortify the digital workspace from potential cyber-attacks.

The first part of the equation revolves around understanding the concept of cyber threats. Cyber threats, in the broadest sense, are potential attacks on an organization's digital information system. They can originate from various sources, ranging from disgruntled employees to state-sponsored attackers, and their scale and sophistication vary accordingly. An alarming increase in the number of cyber threats has led to the proliferation of cyber security consulting services.

A cyber-security consulting service provider operates as an external entity that brings specialized knowledge and expertise to an organization's digital defense arsenal. These cyber knights, if you may, help to identify, assess, and manage digital risks, providing a holistic approach to cyber security. They are often backed by years of experience in dealing with various cyber threats and have a deep understanding of the digital threat landscape.

The function of these services start with a comprehensive risk assessment. This is a systematic process of understanding the potential threats to an organization, and the vulnerabilities of its system. It involves a deep dive into the organization's digital infrastructure, assessing its systems, applications, networks, data handling processes, and security policies. This assessment allows for the identification of potential vulnerabilities that could be exploited by malicious elements.

The next step involves the development of a robust security strategy. This entails setting up defense mechanisms against identified vulnerabilities, which might include firewalls, intrusion detection systems (IDS), and data encryption. It also involves the formulation of policies and procedures that govern an organization's digital practices. These can include data handling procedures, incident response plans, and staff training programs.

Furthermore, cyber security consulting services can provide proactive monitoring and maintenance of an organization's security systems. This involves regularly updating security protocols to keep up with evolving threats, and continuously monitoring the system for any signs of breaches. In case of an attack, they can provide incident response services, limiting the damage and facilitating recovery.

The merits of employing such services are manifold. For one, they allow an organization to access specialized expertise that might not be available in-house. This can prove especially beneficial for small and medium businesses, who might not have the resources to maintain a full-fledged cyber security team. Secondly, they provide an unbiased perspective on an organization's security posture, which can be invaluable in identifying blind spots.

Nevertheless, there are certain caveats to the use of these services. For one, they require a certain level of trust in the service provider, as they will have access to sensitive company information. They can also be costly, especially for bespoke services. Therefore, it is critical for an organization to ensure due diligence in the selection of a service provider.

All things considered, in today's digital age, cyber security is not a mere option, but a necessity. As threats become more sophisticated, having robust security measures in place is critical to the survival and success of any business. While cyber security consulting services come with a price tag, the potential cost of a cyber breach - both in terms of financial loss and reputational damage - far outweighs the investment. In the grand scheme of things, such services are not just about protecting a business, but about ensuring its long-term resilience and competitiveness.