The Importance of Cyber Liability Insurance for Your Business Many businesses assume that once they’ve purchased a business owner’s policy (BOP) or commercial general liability (CGL) insurance, they’re well shielded from all possible risks their business may face. What they fail to account for is the cybersecurity risks their businesses may be facing that can…
7 Ways Employees can Invite Hackers into Your Network The threat of a cyberattack for businesses is growing by the day. According to research, the rate of attacks on businesses has increased from an attack every 14 seconds to an attempt every 11 seconds. It’s estimated that these attacks cost businesses about $20 billion. The…
Complying with Cyber Liability Insurance Requirements More businesses are facing growing cybersecurity threats. Data shows that in 2022, cyberattacks were the biggest concerns for companies, exceeding natural disasters and business and supply chain disruptions. That’s because the cost of a cyberattack can be expensive and financially damaging for most organizations. Research shows that 83% of…
Business Growth Through IT Infrastructure for Medium-Sized Enterprises Robust IT infrastructure is becoming increasingly crucial in running modern businesses. Data shows that companies that persistently invest in technology enjoy 2.6 times more returns than their peers. The advantages that these businesses enjoy that promote business growth include more value to the customer, data-driven decision-making, less…
Security Risks Can Be Reduced in 6 Ways by Managed Detection and Response (MDR) Today, the world is more connected than ever before. As a result, the opportunities for cyberattacks are growing too. Security risks can be found in countless places, from fraud to sabotage and espionage. The Verge states that businesses risk “catastrophic losses”…
What are the Differences Between IT Managed Services and Traditional IT Support? How organizations handle IT support is rapidly evolving. As per recent statistics, 59% of businesses have transitioned their IT services from the traditional break-fix model to managed IT services. So what’s informing this shift? Managed IT services are the new way of effectively…
A Step-by-Step Guide to Creating a Cyber Security Incident Report Cybersecurity is becoming an important topic in most major organizations. The escalating incidences of cyberattacks cost businesses money, time, and reputation. According to Gartner, the financial costs of cyber-physical system (CPS) attacks on organizations will exceed $50 billion in 2023. Cybersecurity is equally about responding…
The Importance of Penetration Testing A data breach is one of the most expensive attacks on an organization. According to a study from IBM, the cost of a data breach rose from $3.86 million to $4.24 million, marking a 17-year record high. Moreover, the risk and expense of a cyberattack are getting higher due to the…
6 Reasons for Investing in Network Security Consulting Modern organizations are more tech-enabled as businesses transition to using current systems and means of trade such as the cloud and social media. However, while this has enabled massive growth, it has also brought security challenges. According to statistics, 50% of all cyberattacks target SMBs. On average,…
Here Are 7 Ways to Strengthen Cybersecurity in A Post-Pandemic World The world changed dramatically after the COVID-19 pandemic struck. One of the most affected industries was tech, with cyberattack incidences shooting through the roof. According to reports, 2021 was one of the most challenging periods in cybersecurity. During this period, 96% of businesses reported falling…
