Source: TeamLogic IT
Cybersecurity remains among the highest priorities for businesses around the globe as financial damages from cybercrime escalate.
Quantifiable costs like those associated with recovering from data breaches surpassed $6 trillion in 2021 and are expected to continue growing 15% annually, hitting $10.5 trillion by 2025. Moreover, the impact of a company’s reputation being tarnished by losing customer trust is immeasurable.
In sum, falling victim to cybercrime can cripple an organization of any size or type. But the issue is especially vexing for small- to medium-sized businesses (SMBs)—a segment that’s under increasing cyber assault.
Consider these figures from last year’s Comcast SMB cybersecurity report about one-day last year:
- Comcast’s SMB customers were threatened by more than 70 million instances of malicious bot activity
- During the same period, SMBs weathered 30 million phishing forays
- Attempts to implant malware exceeded 20 million
Lacking the deep pockets of large enterprises, the challenge for SMBs is mounting an adequate cyber defense with limited budgets and fewer expert resources. That’s why tech analyst Gartner expects that firms of all kinds will increasingly turn to managed IT services in 2023 as a cybersecurity strategy.
As a top-tier managed services provider (MSP), we take a holistic approach to protecting your business and its data that reaches beyond deflecting assaults alone. We assess the readiness of all systems and your entire network, including the status of HIPAA and PCI/DSS compliance, among other regulatory requirements.
Need a hand fortifying and optimizing cyber defenses? Call us for a cybersecurity assessment.
