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Is Your Company Already on a Hacker’s Watchlist?
/in Blog /by Chris HigginsAs a business owner, you are already aware that your company might be vulnerable to attacks by hackers. Your concern is justified because 65% of cyber-attacks are aimed at small businesses. There is a good chance a hacker is using sophisticated software to try and hack your network right now.
Even if hackers haven’t found a way into your system yet, you can be sure that they are trying to find a way to:
Did you know that it takes an average of six months for businesses to realize that they have been, or are being, hacked?
After the hack is discovered, it can weeks 6 – 8 weeks disable and remove all the threads of the attack. The attack is removed, but the damage has been done. How long does it take to restore a damaged reputation, or to be trusted again by a vendor or customer who was affected by your hack?
So, why do hackers target small businesses? Some of the reasons are obvious, and some may surprise you.
Here are 4 reasons why small businesses get hacked:
Under the Radar
Not every hacker wants to be famous. Most don’t care about getting their conquests splashed all over the news.
Hackers attack small businesses because these companies are less likely to report security breaches and more likely to pay the ransom.
Reporting a breach is damaging to the company’s reputation. A company might prefer to deal with the damage or pay the ransom rather than go public. In fact, in one study, 53% of companies paid the ransom immediately. In addition, what many companies find out is that, even if they report the breach to the police, law enforcement agencies are not cybersecurity experts and can’t be of much help.
Complacency
Every business has to prioritize spending. Initiatives that grow the company’s revenue and profitability are the priority. IT upgrades and advanced cybersecurity services and tools aren’t an immediate need so they don’t make the top of the list.
Unfortunately, the reality is that your old security software is not “good enough” to stand up to today’s sophisticated cyber-attacks. “Good enough” makes you an easy target.
Employees inviting viruses and hackers
This one is shocking. Research from Stanford University found that 88% of ALL data breaches are caused by employees. Here are a few of the most common ways employees invite trouble:
Small companies don’t have the advanced skills required and training happens rarely, if ever.
You’ve been hacked before
Hackers are like sharks: they can smell blood in the water from miles away. Once the word gets out that you’ve been hacked, and that you’ve paid the ransom, you’ll have hackers lined up around the block. Like a lot of criminals, hackers are looking for the path of least resistance. Once they hear you’re an easy target you’d better prepare yourself for all kinds of cyberattacks.
Take Action
It takes work to be ready in today’s cyber landscape. The steps include:
Almost every day there are news stories about companies getting hacked, big companies paying millions in ransom. Companies like Apple, Amazon, Target, and Facebook can afford the best security available, yet they still get hacked.
What you don’t hear about is the small businesses shutting down because they’ve been crippled by a cyber-security breach. A shocking 60% of small businesses that are crippled by a cyberattack will not recover.
Make cybersecurity a priority for your business and you’ll increase your chances of staying off a hacker’s watchlist.
Information technology is a tool. If we can help you navigate your way to a more productive, efficient and safe operations, accounting and/or IT system, then you can focus on growing your business.
If you’re serious about protecting your company from being crippled by a cyberattack, check out our website or contact us. Ask for Tim Adornetto to get your no-cost, no-obligation system analysis.
IT Benefits and Threats – A Quick Guide to Being Prepared
/in Blog /by Chris HigginsTechnology is changing at a rapid pace and technology threats are coming fast and furious.
How well is your company doing to keep up with these changes and challenges – especially the threats that you don’t even know about yet? Some threats to your IT well-being are simply failures to identify the warning signs. Other threats are more severe. You may already have malware inside your IT system and you may not even know it.
For example:
Even if you are a small business, your IT network is the lifeblood of your business. It’s not recommended to put your network in the hands of an employee who has had to learn how to add users or change passwords. The safety and security of your network is at risk.
Even if you have an IT team maintaining your systems, when is the last time they did a training session? Six months ago? 2 years ago? Can’t remember?
Because the technology and the risks are changing constantly, IT people need regular training on security, networking, server operations, desktop operations, software, etc. Very few IT people have the capability of absorbing and mastering all of the different specialties. Just like you don’t expect a foot doctor to perform brain surgery, you don’t hire a desktop person to secure your network.
There is a Better Way
Consider using a Managed Services Partner (MSP). There are many benefits:
At first glance, an all-inclusive MSP agreement looks expensive. However, consider what you already pay for less service, the costs for your IT system to be down for one day – or three days and the expense to fix what is broken. And, if you get breached, the costs will multiply.
A fixed fee, all-inclusive MSP agreement is friendly to your budget and it provides peace of mind. You have a knowledgeable IT partner making sure your IT assets are healthy and protected.
At CCS, we don’t want to benefit from your business pain. We want to share in your increased productivity, profitability and your success. If you are looking for an IT partner and not just the low-cost computer fixer, check out our website.
In the meantime, check out our latest video below (1 minute, 17 seconds) for a quick look at the benefits of finding the right managed service partner.
Are You Happy With The ROI of Your Information Technology Person/Team/Provider?
/in Blog /by Chris HigginsOne of our clients (for the sake of privacy we’ll call them Acme Distribution) started with a “break-fix” IT strategy. Acme had computer equipment, a network and some knowledge about how to fix simple issues (resetting passwords, adding a user, etc.).
However, when more complex issues came up (e-mail not working, printers not printing, hardware failures, viruses and network issues), Acme paid service providers to fix those issues. Some months the cost was minimal. Some months the cost was tens of thousands of dollars.
One month a relatively new computer virus cost the company $28,000 because all but a few computers were infected, including their server. Their systems were down for 3 days and only partially working for 3 more days. The costs of system downtime, lost productivity and customer dissatisfaction was in addition to the $28,000 in fees paid to fix the problem. Acme estimated their total cost for this incident was more than $70,000.
There is a Better Way– But Beware!
Acme wanted to find a way for their IT expenses to be stable and predictable. They looked into managed services contracts. They interviewed three companies and entered into an agreement with a provider at what they thought was a reasonable price.
Unfortunately, what they found out was that managed services providers provide two levels of service. In the fine print of their agreement, they discovered they had entered into a network “monitoring” agreement.
Acme’s provider “monitored” their network and provided support up to five hours per month. In the third month of their agreement, after a problem that involved both hardware and a network problem, Acme received an invoice for $18,134 for support above and beyond their “fixed price” agreement.
Beware of the low-priced managed services “monitoring” agreement.
In the following few months, Acme considered hiring two IT employees because they believed it might be less expensive than paying an outside provider. However, they soon realized that their internal solution would be expensive and limited to the knowledge of their two IT employees.
Acme’s CFO attended a webinar about managed services agreements that were truly flat fee, no-surprises agreements. He asked for a proposal and experienced sticker shock when reviewing the proposal. The agreement included everything including hardware replacement for a flat monthly fee – guaranteed.
As he read the proposal, he was shocked to discover that the network assessment done on their IT systems by the professional level managed services provider showed:
• Out of date virus software
• a Trojan horse virus that had given hackers remote access to their accounting system.
• 4 viruses (not yet active) that got into the network by employees copying files from flash drives
• Three network hard drives that were sending alerts about their imminent failure (all at least five years old)
• a cloud-backup solution that had stopped working
If there was any good news, Acme was lucky their system had not (yet) been attacked by ransomware. Ransomware locks and encrypts the company’s data and then demands payment to unlock and decrypt the data.
In the end, after adding up all the costs, lost productivity, risks and likely future issues/costs, Acme found that an all-inclusive, flat fee professional level managed services agreement was far less expensive than any other solution. In addition, it’s a much better solution than relying on the current knowledge of two IT employees with limited knowledge.
Consider your options:
• With “break-fix” agreements, you get low cost, but you take all the risks
• With a “monitoring” agreement, it’s no different than the CHECK ENGINE light on your car’s dashboard
• When you consider:
o the risks, potential downtime, data loss and lost productivity
o along with the assurance that you IT system is always protected and up to date
o AND the peace of mind you’ll have instead of wondering what will go wrong next
a fixed price, no surprises managed services agreement is probably the most cost effective route to go.
If you’re interested in exploring your options, contact us. We would be happy to help.