security

Will “insider threats” be the downfall of your cybersecurity strategy?

insider-threatsWhen security incidents originate within the organization, whether through malicious intent or negligence, these incidents are considered as coming from “insider threats.” A recent IBM Security Study, “The Cost of Insider Threats,” indicated that 77% of these threats are related to employees accidentally sharing information (either through negligence or theft). The study included 204 companies with 4,716 insider incidents and placed an average annualized cost of $7.37 million on these incidents. While these costs, may not reflect what a small or medium-sized business might experience, the bottom line is these incidents result in significant expenses to the companies that are attacked.

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Ransomware Attack: 3 tips for protecting your business

blog_ransomware“Ransomware damages are predicted to cost the world $11.5 billion in 2019, and $20 billion in 2021” according to ”Cyber Security Ventures 2019 Official Annual Cybercrime Report”. They go on to say that they predict that “a company will fall victim every 14 seconds by 2019, and every 11 seconds by 2021”. What many don’t realize is that these threats aren’t focused solely on large enterprises that can pay big ransoms, but instead take broad aim and seek to collect smaller ransoms from lots of companies. This focus on small to medium sized companies by hackers is often due to the fact that they have fewer security resources than their larger counterparts.

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Colocation: The Who, What, and Why of this Data Security Option

Carl Miller on Jul 8, 2019 10:58:00 AM Security, Colocation, Data Center

colocationblog
As a business, it can be challenging to predict where a company's infrastructure will be five years down the road. That's why many companies are choosing to partner with a colocation provider.

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What Recent Ransomware Attacks Have Taught Us

Carl Miller on Jun 24, 2019 12:41:00 PM Security, Managed IT Services, Backup

racksquared_ransomware_blog_img_0619_2IT systems these days are so critical to the success of any business, but even with the conveniences afforded by technological advancements, many companies don’t have a disaster recovery plan in place should they experience unplanned downtime. According to the State of Global Disaster Recovery Preparedness Annual Report, 57% of IT professionals surveyed have had at least one system outage in the past three months and 60% of companies don’t have a fully documented disaster recovery plan. Organizations need to prepare for everything from natural disasters to cyber-attacks.

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