Now, more than ever, businesses are looking to strengthen their security against cyber threats and attacks. There are several bases that need to be covered when it comes to defending against cyber attacks. Small and mid-sized businesses (SMBs), in particular, are at a significant risk since they don’t usually have the expertise and resources at hand to build a strong line of defence.
We’ve already looked at some cybersecurity trends for 2018. With the evolving and emerging threat of cyberattacks, it is increasingly important for businesses to set aside sufficient budget for cyber security initiatives. According to recent reports, many businesses set aside about 10% of their total IT budget for cybersecurity.
In 2017, even large Fortune 500 enterprises weren't safe from cyber attacks, but they also weren’t the only target. The 2017 Internet Security Threat Report (ISTR) states that “43% of cyber attacks against businesses worldwide target small companies.” However, only 14% of small businesses rate their ability to mitigate cyber risks, vulnerabilities, and attacks as highly effective. This lack of planning for risk mitigation explains why about 60% of small companies go out of business within six months of a cyber attack.
Ransomware is malware that infects computers (as well as mobile devices) and restricts their access to files, and the attacker usually threatens permanent data destruction unless a ransom is paid. Users are given instructions for how to pay the ransom in return for the decryption key to get back their data. The ransom can range from few hundreds to thousands of dollars, payable to the cybercriminals via cryptocurrency such as Bitcoin. Ransomware attacks have grown into epidemic proportions globally and are notorious as the “go-to method of attack” for cybercriminals.
A managed service agreement is more than a vendor simply delivering a service to you; it’s a partnership built on a unified vision of success. After hiring a Managed Services Provider (MSP) for your business, there will be a significant transition that affects not only your internal IT department, but also your end-users and your organization as a whole—both day-to-day and long term. It takes time to build trust in any business relationship, but it is the key to the success of the relationship.
We've addressed how the managed services model can be beneficial for small and mid-sized companies by handling functions, such as application support, network monitoring, and data center management, thus allowing internal IT teams to concentrate on more strategic and higher-level business initiatives.
So, you’ve decided that your business could use some outside help on the technology side and you’re thinking about bringing in a managed services provider (MSP). Your reasons for looking at hiring an MSP may vary.
Another year has just gone by. It's always a great idea to review the year that has passed and look for ways to improve in this year. Were you unable to meet your business goals for the year? Did you or your team spend more time and energy dealing with IT than they should have? Did you face any network outages and system downtime? If your answer to these questions is Yes, then it may be worthwhile considering whether working with a managed services provider (MSP) could help you approach 2018 more confidently and effectively. Here are 5 reasons why you should work with an MSP in 2018.
“Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other.” – Bill Gates
With technology such an integral part of business in this day and age, the success of a business is hinged on the quality of its IT infrastructure and management.
We’ve discussed the benefits of a managed IT services provider for organizations and businesses. But do IT managers have any reason to benefit from an MSP?