Technology Trends for 2017

It’s that time of year when many businesses are setting goals and budgets for next year. This is a good time to reflect on the impact technology can have on your business. While Cloud Computing adoption remains strong, companies will increase migration from Public to Private Cloud and even migrate back “on premise.” Cloud adoption, digital transformation and streaming media will increase the demand for bulletproof networking. New technologies including SD-WAN will hit mainstream in 2017 to improve network performance in support of business requirements. Cyber threats will continue to keep business owners up at night with increased intrusions from ransomware and unplanned downtime from DDoS attacks. Here are a few takeaways to consider for your 2017 plan. More Choices for Cloud Computing In a recent study by the Computing Technology Industry Association’s (CompTIA), 43% of those using Public Cloud are expected to migrate to another Public Cloud Provider. For example, companies using Hosted Exchange may find themselves adopting Office 365 or Google for Work to keep current on the latest version of these communications and collaborations applications. The CompTIA “Trends in Cloud Computing” research also revealed 21% of Cloud usage will move from Public Cloud to Private Clouds. This scenario is driven by the need for compliance with industry regulations, including HIPAA regulations for health care and SOX compliance for Financial Services, among other business requirements. Digital Transformation Will Emerge as Competitive Advantage for Business of All Sizes Businesses will adopt new strategies for reaching new customers and servicing existing customers in 2017. These new strategies will fuel the need for digital transformation. Reaching new buyers through digital...

Costs of Data Breaches Up 23% from Last Year

A new report from the Ponemon Institute, an organization that publishes the annual “Global Report on the Cost of Cyber Crime,” recently announced that the cost of a data breach has jumped 23% from last year. Here’s what your small to medium sized business needs to know about being prepared in case of a data breach. The Data Breach by the Numbers The report revealed that a data breach will cost a large company about $640,000. This price tag includes hefty costs, such as business disruption, information loss, and detection. The report also revealed that it takes a company an average of 31 days to recover, yet experts advise that the time to remediate from a breach should only be less than one week. Interestingly, small organizations have a higher per-capita cost than large organizations. So, what can your business do to be more prepared? Have a Data Breach Incident Response Plan An Incident Response is an organized approach to responding to and managing the aftermath of a security breach or attack. The goal of such a plan is to limit damage and reduce recovery time and costs. An Incident Recovery plan should include a clear-cut definition of what your company constitutes as an incident and a subsequent step-by-step process that should be followed carefully after an incident occurs. Consider Hiring an Information Security Firm If you contact an Information Security firm after a data breach occurs, your organization will have to pay more money and wait longer to recover. You may not be prepared to remediate and respond in time. Knowing who to call helps your organization avoid...

Cyber Attacks in the News (Again)

Cyber Attacks are in the news again. Last week domain registrar Network Solutions suffered a denial of service attempt impacting the websites of their customers. Cyber attacks like this are high profile and always in the news. This raises the questions, are small business vulnerable to cyber attacks? Small business are Targets of Cyber Attacks Cyber Attacks are as likely, or more likely to occur on small businesses. Cyber attackers know small businesses may have less protection, thus making them easier targets for cyber attacks. Larger companies may have entire departments dedicated to cyber security. Harder to hack and quicker to detect, larger organizations may be tougher to penetrate and exploit with a cyber attack. Meanwhile, small businesses may have less protection against a cyber attack, leaving them more exposed and less likely to detect a cyber attack. Small Businesses may be Less Resilient from Cyber Threats Larger organizations not only are likely to respond quicker to a cyber attack, but have stronger brands and deeper pockets to withstand the impact of a cyber attack. When a cyber attack occurs there may be financial penalties for non compliance with industry regulations (e.g. PCI regulations). What’s more, the impact of a cyber attack may also cause loss of brand equity as a result of the negative publicity related to a cyber threat. In most cases a cyber attack may be too much for a small business to recover. How do I Protect my Business from a Cyber Attack? Consider contacting your IT Service & Support specialist to conduct an IT security assessment.  By performing an IT Security assessment you will...