Save Time and Money in 2020

October 31, 2019

It’s the fourth quarter and that means most organizations are busy finalizing 2020 budgets. Partnering with a Managed Service Provider (MSP) may seem like an unnecessary line item when compared to expenses like toilet paper and coffee for the office, but considering the ever-evolving cyberterror landscape, this service is arguably just as essential, based on these top five reasons:

  1. Ransomware: This cyber attack, in which malicious programs encrypt and “ransom” files or servers until a payment (typically in bitcoin) is issued, on average cost companies $5 million (in 2018). Without monitoring services, it took companies an average of 191 days to identify a data breach. MSPs can save organizations priceless time and financial resources by locking down these types of threats.
  2. Cloud Security: With nearly 90 percent of companies using cloud storage to save sensitive data, there’s no reason to overlook secure cloud storage systems with an MSP.
  3. Backup and Disaster Recovery: According to Mozy Online, 140,000 hard drives crash every week in the United States. The DC-based National Archives and Records Administration found that 93 percent of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year.  
  4. Employee Security: The best protection against threats often begins at one’s own office doors. A Continuum survey identified 81 percent of data compromises start with negligent or careless employees who do not follow safety protocols.
  5. Cryptomining: New cybersecurity threats continue to emerge, including this new trend that hijacks company computers. Hackers launch malicious JavaScript files that harness the hacked machine’s processing power to mine for cryptocurrency. By early 2018, 90 percent of all remote code execution attacks were associated with cryptomining.

What if you could prevent these threats from affecting your company’s bottom line? TechAdvisors has the solution! Contact us today to learn more about how we can be your MSP and first line of defense.

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