Tag Archives: cybersecurity

Why Cybersecurity Insurance Matters

Cybersecurity Insurance
Cybersecurity, Security, Technology, , , , ,

As businesses move forward into a digital environment, cybersecurity insurance becomes even more crucial as online threats grow more advanced. Before, hackers only targeted large, high-revenue corporations since they had the money and the valuable information. But statistics show that over 40% of recent cyberattacks target small businesses. But what’s even more alarming is that only 14% of these small businesses are prepared for such an attack.

Cybersecurity Insurance is a Wise and Necessary Investment

Organizations are already taking more stringent measures to protect their businesses against online threats. Despite these efforts, malware and ransomware can still make their way into your system, and data breaches can still happen. To protect your business from the many ramifications of these attacks, you must invest in a good cybersecurity insurance plan.

While cybersecurity insurance cannot prevent or undo cybercrime, there are many ways that it can help your business recover in case an online attack takes place.

Reduce Financial Setbacks

Dealing with the consequences of a cyberattack can be expensive. Depending on the severity of the attack, it can set your business back by millions of dollars! You will pay for legal services, IT support, damage control, and more. A comprehensive plan can cover all these expenses and much more.

Cover Downtime Losses

Getting your business back on its feet can take a long time, again depending on the gravity of the situation. During rebuilding or while operations are on hold, insurance can tide you over until your business is fully recovered.

Fill the Gap Liability Insurance

When purchasing a general liability insurance plan, many business owners assume that this covers cyberattacks, which is typically not the case. Standard policies might offer coverage to some extent, but it is rarely enough. A separate cybersecurity insurance policy will give you the widest possible coverage to protect your business.

Recovery Assistance

Many cybersecurity insurance plans today offer so much more than just financial help. Many providers offer a complete recovery package that includes legal services, PR damage control, and IT forensics. You can get all these services from separate providers, but why stress yourself when you can get them all in one place?

Competitive Rates for Robust Security

Insurance carriers usually offer very competitive rates to clients with a robust cybersecurity system in place. This is to encourage companies to prioritize cybersecurity and implement better strategies. If you wish to avail discounted rates, it would be a good idea to level up your protection as early as now.

Best Practices for Improving Cybersecurity Insurance

There are many ways to boost cybersecurity in the workplace, as many of us know by now. For starters, you must train your employees regularly, as lack of awareness still ranks at the top of how hackers break into systems. You must also secure your networks, constantly update your anti-malware tools, and implement multi-factor authentication.

Bring Your Own Device Policy

Another excellent way to improve your company’s cybersecurity is to implement a sound Bring Your Own Device or BYOD policy in the workplace. The policy should clearly define the responsibilities of the company and the employee when using their personally owned devices to access company data and other uses of the device within the workplace.

To guarantee that you include all the vital elements in your company’s BYOD policy, you can use our BYOD Policy template, which you can download by clicking right here. You can customize it any way you need to make it align with your organization’s operations and goals.

Final Thoughts on Cybersecurity Insurance

A business needs to do everything necessary to boost cybersecurity. But no matter how strong your defenses might be, one must never be complacent. Investing in a good cybersecurity insurance plan is one of the best things you can do to protect your business. Call us now so we can help you with any questions you may have about cybersecurity insurance.

Business Cloud Migration, The Best Move to Make Today

Business cloud migration
Cybersecurity, Security, Technology, , , , ,

The past few years have been all about business cloud migration. As the needs of businesses continue to grow, it has become more tedious and expensive to keep up if you rely only on your on-site business resources. But thanks to cloud technology, you can outsource many business processes to cloud-based providers. This freedom means you can grow your business with less effort and expense!

Why Some Business Owners Are Reluctant to Migrate

The more courageous business owners have immediately leaped since the cloud was first introduced in 2019, while many others have gradually followed suit. But to this day, many businesses still stick with their on-premises resources for their operations. Why is this so? It’s because of fears about the cloud, many of which are unfounded.

The most common fear is that the business cloud migration might put security and privacy at risk. Many business owners think the cloud is a public domain where hackers roam freely. While there are cybercriminals everywhere, cloud providers have tight security measures to help keep you and your data protected.

Other business owners hesitate because they fear cloud services will be costly to maintain or too confusing to use. Again, these fears are speculative. Cloud solutions are much less expensive than investing in on-premises equipment and services. Most of it is very easy to navigate, particularly when you work with a reliable MSP.

What Businesses Can Gain from the Cloud

Once you get past your fears, you will see the wealth of opportunities you can gain from business cloud migration. For many who have already migrated, the number one advantage is scalability. Scaling your business up or down is so much easier with the cloud. Because of the flexibility of the cloud options, you won’t have to worry about having insufficient funds or resources.

There is also the matter of cutting back on significant spending. A cloud service provider will typically charge you for the services that you use. You won’t end up paying for a whole package, most of which you don’t even need, which is what often happens with conventional operations.

Also, there is perpetual access to the latest software, hardware, and infrastructure. When a new version comes out, you can ask your provider to upgrade you, and you don’t even have to pay extra fees. In addition, the cloud also gives you better data and network security, more efficiency for your business, and improved overall business performance.

How to Go About Business Cloud Migration

Cloud migration is moving all your company’s digital resources, applications, databases, and servers into the cloud. Yes, it can be a colossal operation, especially if you go for a full migration. But the good news is that you don’t have to do it alone. If you have a trusted MSP, you can sit back and let them complete the process for you. That is exactly what we can do for you.

Whether you want to go the whole nine yards and do a full cloud migration, or just partially, we will help you with the transition in a way that meets all your business needs.


To learn more about the cloud and find out more details on how it can benefit your business, download our FREE Infographic, “5 Fears and 5 Benefits of the Cloud.” Are you afraid of the Cloud, or are you open to cloud solutions and how to use them to grow your business?

Why Are Business Owners Afraid to Move to the Cloud?

move to the cloud
Cybersecurity, Technology, , ,

It has been years since cloud technology was released. While thousands of businesses all over the world have eagerly upgraded their operations with cloud solutions. Thousands more still remain wary of this new technology to move to the cloud. Many people are still reluctant, despite the many proven benefits of the cloud for business. Why is this so? That is what we are going to talk about today.

Reasons for Holding Back to Move to the Cloud

We’ve asked around and come across some common concerns from hesitant business owners about why they are still holding back, even though there is now insurmountable evidence that the cloud presents many viable opportunities for business growth. Here are the reasons for holding back to move to the cloud.

Security

With the continued rise in cyberattacks and data breaches, it makes sense to be highly concerned about security. These attacks are rampant, even on in-house servers and data storage. How much more would there be if you stored the data in a cloud, outside of your company’s security controls? Won’t the data and the entire company be more at risk of being infiltrated by hackers? If any information gets into the wrong hands, there’s no telling what kind of damage your company will face.

Privacy If You Move to the Cloud

In the same way, companies fear the loss of data privacy. This fear is a specific concern for businesses in industries that collect and store confidential information. Health and medical records of patients, financial transactions that contain bank accounts and statements, and even personal data of clients and employees are examples of sensitive data that are frequent targets of online attackers. Putting these in cloud storage might seem risky in the minds of many.

Reliability

Another fear owners have about when they move to the cloud is that it might not always be reliable. What if the internet connection is too slow or erratic? What if the cloud provider experiences a period of downtime on their side? Surely, these events could be highly detrimental to business operations.

Cost If You Move to the Cloud

Cloud technology these days is very high-tech and diverse, which causes many business owners to think these services are expensive. Because of this assumption, they choose to stick to conventional systems rather than take a chance on modern cloud solutions, which can ironically pave the way for massive financial savings.

Complexity

There has always been a historical fear of new things, especially related to technology. When computers first became popular, many people were afraid to even touch them because they seemed too complex. It happened again a few years later when email and online messaging became popular. Now, the same fear of complexity applies to the cloud. Companies are worried they might not see the benefit to their operations.

The 5 Benefits of the Cloud

These fears make sense and are all perfectly valid. But the good news is that the cloud technology we have today has these issues covered. So if your hesitation to move to the cloud is based on any of these reasons, we can ease your mind.

We invite you to download our Free Infographic on the Cloud. You’ll discover a wealth of information, including the vast benefits of moving to the cloud and how the migration can be made simpler with the help of a reliable MSP.

A whole new world is waiting in the cloud for businesses, and we are very excited for you to take control of it. Call us anytime! We will guide you in transitioning so you can finally enjoy all the benefits and opportunities this new technology has in store for your company.

The Importance of a Reliable BDR Plan for Business

Reliable BDR
Cybersecurity, Data Backup, Security, , , , , ,

In every business, there is an element of risk involved. In addition to operational risks, there may be hidden threats that can arise suddenly. One of the best defenses a business can wield in these situations is a reliable bdr plan.

In the last few weeks, we have been covering BDR solutions. What BDR solutions are, what they can do for your business. Talked about how to gauge the quality of a particular BDR plan. Indeed, it’s worth all the discussion because we can never overemphasize the importance of a reliable BDR plan for your business, your employees, and your clients.

Benefits of Having a Reliable BDR Strategy

what Is BDR

Our series of blog posts on backup and disaster recovery began with an article called “What Is BDR and How Does It Impact Business?“. In this first week, we covered the key benefits businesses gain from a good BDR strategy.

A good BDR strategy will give you protection against data loss and damage. Specifically, the data backup component of the BDR will safeguard your information in the face of a data breach, a system failure, a natural disaster, and so on.

A secure data backup system with the most innovative security measures and encryption tools offers better security, which is another significant benefit. With such a system, all your business information will remain safe and untouched. Also, a sound BDR will ensure higher customer retention even after a disaster.

Why is a BDR a Necessity?

BDR Plan

In week 2, we published a blog post on the “Top 5 Ways Your Business Can Be Impacted Without a BDR Plan.“

This blog talks about what could happen to your business if you operate without a reliable BDR strategy.

There are more events that can cause the collapse of a business than most business owners realize. Other than the publicized cyberattacks, factors like cloud-based threats, the increasing number of remote employees, and any natural disaster can damage an unprotected one.

Most of these are events that no one can predict or prevent. Using a robust BDR solution is the only way to keep your data secure from current external threats.

Signs of a Reliable BDR Solution

solid BDR plan

By now, we have established the importance of having a backup and disaster recovery plan for any business. But then, not all BDR plans are equal. How do you know if the one you have will work for you? In week 3, we tackle this concern in our blog post called “How Do You Know If Your IT Provider Has a Solid BDR Plan for You?“.

If you have a reliable IT provider, there’s a chance they have designed a great BDR solution for your company. But if you want to know how effective your BDR strategy is, check if it includes the five vital components: proactive measures for disaster recovery, priority for critical functions, emergency response procedures, secure data backup, and routine testing.

How a Managed IT Provider Can Help with a Reliable BDR Plan

Now that it’s clear how crucial a BDR plan is for your business, the only thing left is to bring in the right IT provider. So that they can design and implement a suitable plan. We have provided reliable backups and disaster recovery strategies for small and midsize businesses for years.

If you want a system that will give you the most protection, call us, and we will set you up! And don’t forget to download our FREE BDR infographic. It’s full of tips to help you learn about the BDR solution we offer.