Technology Trends you Will Hear About in 2018

Technology Trends you Will Hear About in 2018

According to technology research firm Gartner Group, technology spending is expected to grow to $3.7 Trillion dollars in 2018. Communications Services ($1.387 billion) and IT Services ($931 billion) make up the majority of spending. In contrast, Enterprise Software and Data Center Systems are the smallest categories of spending expected for next year. Shifts in IT spending from Data Centric to Cloud Computing change the landscape for buyers, vendors and technology solution providers alike. Here are top Technology Trends you will hear about in 2018. Cybersecurity 2017 was a year full of data breaches and ransomware. According to a 2017 Cost of Data Breach Study by the Ponemon institute, the average cost of a data breach in 2017 was $141 per record lost. Consider how many customer, prospect, employee, member or supplier records you may have within your organization. With the risks so high, expect Cybersecurity to be top of the list of Technology Trends for most companies next year. Cloud Computing According to Forbes, 80% of IT budgets will be committed to the Cloud. Software as a Service (SaaS) solutions will help line-of-business managers from Sales, Marketing, HR and Finance become more productive. Communications and Collaboration applications including Email, VoIP and Web conferencing solutions will connect employees across companies and supply chains. Infrastructure as a Service (IaaS) will host a range of solutions including websites, online backup and more. The utility model, or paying for usage, appeals to businesses replacing technology capital expense (CapEx) for subscription-based operating expense. Managed Services As the “everything as a service” model gains in popularity, more companies will adopt fixed- priced managed services contracts....

How to Avoid Being a Ransomware Hostage

Ransomware, spyware, phishing schemes, and other Cyber attacks are commonplace in today’s world of technology. According to a recent article in Forbes, ransomware attacks grew at an accelerated pace in 2016 with reports of 638 million attacks, almost 200 times more than the number of ransomware attacks in 2015. Most experts agree that Ransomware attacks will continue to occur–so what can you do to avoid being a ransomware hostage? Not All Ransomware is Created Equal Before you panic, find out what type of Ransomware you are up against. Scareware is a type of Ransomware that tricks you into thinking you have a bigger problem. A simple scan may quickly remove the pop from your browser cache and get you back on your way. Some ransomware is truly nasty — your entire system may be encrypted, meaning you will need to wipe your system and start over if you have a good backup. Otherwise, you may find yourself hostage to the cybercriminals to unlock your data. An Ounce of Protection is Worth a Pound of Ransom Data protection is an important element in minimizing the impact of Ransomware. Make sure your network security is fully compliant. Backup your data, update your antivirus definitions and make sure your security patches are up to date. Consider using Cloud Backup, Security as a Service, and Managed IT services to keep your network up to date. Having a strong offense to avoid ransomware is your best defense. Don’t Forget the Human Element Train your employees on a regular basis on the importance of staying vigilant against Cyberattacks and how to avoid being a hostage....

Cyber Threats You Should Protect Against

Defending against Cyber threats is no easy task. Understanding the risks and designing a defense strategy are important steps in protecting yourself from Malicious actors and Cybercriminals. Staying current on Operating System and Application Patches, Restricting Network Access, and maintaining antivirus and malware protection are known ways to protect your network. Employee awareness and education on how to identify threats, and the importance of adhering to policies, also bolster your defense against cyber attack. If you’re not convinced, review the following Cyber threats you need to protect against.   How Malicious Software (Malware) Works Malware is self-propagating software designed to infiltrate your network. This software can come in the form of a worm that will infect your network via your router via your Internet Protocol (IP) address. If it doesn’t find a hole in your network it may automatically update to scan for the next sequential IP Address, infiltrating and corrupting networks as it goes along. Avoid Malware by proactively scanning your network and keeping your network in compliance.   Why Phishing Could Put You Out of Business Every year, millions of SPAM emails are sent to unwary recipients with the hope of collecting private and personal information including, account/password, privacy data and other information that can be exploited for profit. What’s more, Phishing is a popular way for Cybercriminals to distribute Ransomware, a form of malware that holds your systems hostage in exchange for payment. In the event of a data breach, your company may need to disclose the impact to customers and other stakeholders. In addition to ransom and legal fees, your company’s reputation may be on...

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...
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