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The Ultimate Guide to Success in Managed IT Services

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Making Money with Layered Security: Challenges and Opportunities in a Shifting Threat Landscape

Posted by George Anderson on October 9, 2018

Making Money with Layered Security: Challenges and Opportunities in a Shifting Threat Landscape

A shifting cyber threat landscape is putting increased pressure on MSPs entrusted with security services. In addition to protecting clients from an ever-diversifying range of threats, it’s often falling on MSPs to explain to their customers why simple endpoint security solutions alone are no longer a sufficient cyber security stack.

User error is quickly turning into one of the most promising avenues of attack for cybercriminals, something no endpoint solution can remedy. Additionally, attacks based on outbound web traffic—preventable at the network-level and often enabled by irresponsible browsing habits—continue to endanger businesses, especially at the network level. 

Rather than viewing these shifting circumstances as a net negative, MSP owners should recognize that the increased need for effective security offers real opportunities in terms of their offerings. Layering the cyber security protection MSPs provide their clients is the way to efficient protection and increased profitability. It simply makes sense that, as threats diversify, MSPs should expect greater compensation by offering greater protection.

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Topics: Cybersecurity and Threat Management, Security Awareness Training

5 Security Threats to Your Business and How to Protect Your Assets and Customers

Posted by Ryan Gould on August 28, 2018

5 Security Threats to Your Business and How to Protect Your Assets and Customers

Criminals will always try to find ways to make money without having to do any of the work. This occurs offline as well as online, and B2B organizations are under constant threat of cyber attacks. Some of these threats come from sophisticated hackers intent on straight-up theft. Others are focused on a Purge-like effort to create mayhem, and then there are the threats like hacktivism and identity theft that can threaten the people within the organization as opposed to the company itself.

It’s said that 53 percent of companies are experiencing an increase in cyber-attacks and Gartner estimated that global spending on cybersecurity is predicted to reach $93 billion this year. To further highlight the seriousness of the issue, The World Economic Forum’s 2018 Global Risks Report pointed to cyber security as the third largest risk in terms of livelihood apart from extreme weather and natural disasters, and—after all—it’s people who make up B2B companies.

Cyber attackers are becoming more sophisticated with each passing year, and data breaches have cost organizations $50 billion in the last five years. That means that protecting your network, company, personnel, and assets should become a top priority if it’s not already.

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Topics: Cybersecurity and Threat Management, Information Security, Security Awareness Training

How to Break Bad IT Security Habits

Posted by Meaghan Moraes on August 7, 2018

How to Break Bad IT Security Habits

It seems like there’s always that one employee who’s not only careless when it comes to IT security, but also resistant to changing their habits—that inevitable hole in your systems that could easily crash your business. As an IT provider offering managed security, you have quite the undertaking to assume the responsibility of minimizing human error and strengthening your clients’ security posture. The question is, what does it take to break the bad security habits that have been embedded in countless SMBs?

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Topics: Cybersecurity and Threat Management, Security Awareness Training

5 Tips for MSPs Selling Security Awareness Training

Posted by George Anderson on May 22, 2018

5 Tips for MSPs Selling Security Awareness Training

In the past year, global ransomware debilitated entire sectors of some countries’ economies. Equifax was breached, exposing more than 140 million records. Yahoo owned up to losing control of 3 million users’ data. So, it’s no surprise that the cost of cybercrime has steadily risen each year for the past two years, to an average cost of $11.7 million per business.

According to the research firm Gartner, untrained users click 90 percent of links within emails from addresses outside the enterprise, resulting in 10,000 malware infections. By their calculations, the infections led to an overall productivity loss of 15,000 hours per year, which, at a cost of 15,000 times $85 (average wage), equals $1,275,000 in losses.  Verizon's annual Data Breach Investigation Report backs up Gartner's findings, pinning 90 percent of successful network breaches on users taking the bait in phishing attacks. 

But cybercrime and its associated costs can be reduced when end users are trained to be their employers’ first line of defense. Security awareness training results in reduced risk, businesses that are better protected against breaches, and more profitable MSPs.

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Topics: Cybersecurity and Threat Management, Information Security, Security Awareness Training

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