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Cybercrime is the greatest threat to every company in the world.” During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and 60% of network users are behind in their cyber security. Municipalities, small Governments and MSP's are among the most vulnerable..... 
 
How can Abadata help? Call us at 989 883 3411 and ask for help. We can offer a range of services designed to to take the worry out of your business, leaving you to engage in your area of expertise whilst we take care of the IT!
 
The cybersecurity industry is rapidly growing every day. Although more resources are being deployed to counter cyber attacks, the nature of the industry still has a long way to go before we can, as a whole, catch up with these threats. It’s important for us to define what the current information security and cybersecurity industry looks like with these alarming 15 Cyber Security Facts and Stats.
 

1. 95% of breached records came from only three industries in 2016

Government, retail, and technology. The reason isn’t necessarily because those industries are less diligent in their protection of customer records. They’re just very popular targets because of the high level of personal identifying information contained in their records.

 

2. There is a hacker attack every 39 seconds

A Clark School study at the University of Maryland is one of the first to quantify the near-constant rate of hacker attacks of computers with Internet access— every 39 seconds on average, affecting one in three Americans every year —and the non-secure usernames and passwords we use that give attackers more chance of success.

 

3. 43% of cyber attacks target small business

64% of companies have experienced web-based attacks.  62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks.

 

4. The average cost of a data breach in 2020 will exceed $150 million

As more business infrastructure gets connected, Juniper Research data suggests that cybercrime will cost businesses over $2 trillion total in 2019.

 

5. In 2018 hackers stole half a billion personal records

This was a 126% jump from 2017. Since 2013 there are approximately 3,809,448 records stolen from breaches every day.. 158,727 per hour, 2,645 per minute and 44 every second of every day reports Cybersecurity Ventures.

 

6. Over 75% of healthcare industry has been infected with malware over last year

The study examined 700 healthcare organizations including medical treatment facilities, health insurance agencies and healthcare manufacturing companies.

 

7. Large-scale DDoS attacks increase in size by 500%

According to the Q2 2018 Threat ReportNexusguard’s quarterly report, the average distributed denial-of-service (DDoS) attack grew to more than 26Gbps, increasing in size by 500%.

 

8. Approximately $6 trillion is expected to be spent globally on cybersecurity by 2021

Organizations need to make a fundamental change in their approach to cybersecurity and reprioritize budgets to align with this newly defined reality of our modern society.

 

9. By 2020 there will be roughly 200 billion connected devices

The risk is real with IoT and its growing. According to figures compiled within a recent Symantec Internet Security Threat Report, there are 25 connected devices per 100 inhabitants in the US.

 

10. Unfilled cybersecurity jobs worldwide will reach 3.5 million by 2021

More than 300,000 cybersecurity jobs in the U.S. are unfilled, and postings are up 74% over the past five years.

 

11. 95% of cybersecurity breaches are due to human error

Cyber-criminals and hackers will infiltrate your company through your weakest link, which is almost never in the IT department.

 

12. More than 77% of organizations do not have a Cyber Security Incident Response plan

What’s worse? An estimated 54% of companies say they have experienced one or more attacks in the last 12 months.

 

13. Most companies take nearly 6 months to detect a data breach, even major ones

Equifax, Capital One, and Facebook just to name a few. Information such as passwords, credit card details, and social security numbers may already be compromised by the time you’re notified.

 

14. 46% of all Bitcoin transactions involve illegal online activity

Cryptocurrency is becoming one of the largest unregulated markets in the world. A recent study shows that around $76 billion in cryptocurrency is used in criminal activity every year.

 

15. Total cost for cybercrime committed globally has added up to over $1 trillion dollars in  2018

Don’t think that all that money comes from hackers targeting corporations, banks or wealthy celebrities. Individual users like you and me are also targets. As long as you’re connected to the Internet, you can become a victim of cyber attacks.

 

What does it all mean?

Ginni Rometty, IBM’s chairman, president and CEO, said: “Cybercrime is the greatest threat to every company in the world.” And she was right. During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and we are behind in security.

 
Understanding the cyber terminology, threats and opportunities is critical for every person in every business across all industries. By providing advanced cyber training and education solutions in all departments of your business, from marketing and sales to IT and InfoSec, you are investing in your company’s protection against cyber threats.
 
 
Article reproduced courtesy of Cybint (Cyber Solutions) written by Devon Milkovich September 23rd 2019......

 

Eight Reasons Why Small and Mid-Sized Businesses Need Managed IT Sevices
 
Dave Wineman of Abadata Describes Why This Solution Is in High Demand.
 
MICHIGAN – October 22, 2012 – Managed IT services is rapidly becoming one of the hottest solutions in business today because it dramatically improves an organization’s profitability, frees up internal resources, and offers a unique competitive advantage. Simply put, managed IT services are designed to assist companies in maintaining and supporting their network and IT infrastructure with the assistance of an outsourced managed services provider (MSP). Types of services may include remote network monitoring, programming and reporting (24/7), firewall monitoring, intrusion detection, preventative tasks, disaster recovery, data backup and help desk support. There are eight critical reasons why small to midsized businesses (SMBs) need managed IT services now and throughout the life cycle of their business.
 
Dependence On IT
Almost all businesses have become more dependent on computer technologies in the past few years. And, it’s a rapidly changing environment. Every business has become dependent on its IT infrastructure to perform at a high level, while effectively delivering its products or services. As a result, it has become more difficult to maintain the expertise to properly deploy, manage, and monitor this new technology, especially as a business evolves.
 
Complexity
The fact that this new technology is new makes it more difficult for the average employee to understand and use effectively. The level of
demand and sophistication from today’s businesses are driving up complexity. Distinct disciplines or specialties are emerging in a variety of technology related areas such as telephony, desktop, network, application and database support. The breadth and depth of technology an organization requires immediately places the resources at a small to mid-sized businesses (SMBs) at a distinct disadvantage.
 
Insufficient Solutions
Traditional support options such as a one man IT consultant, or a one or two person in-house IT department cannot effectively handle the occasional network breakdowns that are bound to occur. This is especially true when compared to a team of external resources that proactively monitor the SMB’s installed technology at all times.
 
Lack of Process
An IDC study reinforces the notion of lack of process, showing that 78% of all IT downtime is caused by change. If you could simply eliminate change from the computing environment, you would substantially decrease the risk. Unfortunately, most SMBs lack the procedures, documentation standards, and scope of work, which often results in major disruption and downtime.
 
Increased Use of Technology
Increasing use of computers, new software and procedures, often leads to increased complaints and loss of productivity. Typically, when network or desktop problems arise and escalate inside a company, the response time of the one man shop or internal staff is quite slow. This dramatically increases employee complaints and lowers productivity. In many situations employees have to wait in line to receive help. As a result the downtime and morale will impact the organization’s bottom line as well as their ability to meet their customers’ needs. By implementing a managed IT services program, the demand on internal IT resources are lessened, and they can now be utilized for other purposes such as directly supporting strategic business objectives rather than becoming bogged down in frequent break/fix issues.
 
Controlling Costs
During these challenging times, the IT budget is frequently reduced. In a recent survey of nearly 950 IT managers at companies in North America and Europe; nearly half of the U.S. respondents said they have already cut their IT spending budgets. Unfortunately, a cut in IT spending doesn’t mean there is a cut in demand for services. This adds tremendous stress and pressure on internal departments to support the same amount of work with fewer resources.
 
Technology Erosion
Computer systems must be maintained just like any other systems used within the business.Vehicle fleets, manufacturing equipment, and the physical plant, have all moved to a preventative approach. If a company does not implement this preventative maintenance strategy for its technology components, disaster might be the unpleasant and unprofitable result.
 

Compliance

Finally, the technology utilized within an organization in most cases must meet specific compliance standards. For example, a company’s business processes supported by technology may need to comply with Sarbanes- Oxely, Health Insurance Portability and Accountability Act (HIPPA), Gramm-Leach-Bliley Act (GLBA) and other requirements. Most companies don’t have the resources to fully understand and comply with all the detailed requirements of these regulations.

 
All of the above issues are driving the popularity of partnering with a managed IT services firm. Companies that have made the transition already answered this question. If deploying, managing and monitoring my IT infrastructure has absolutely nothing to do with the core competency of my business, why wouldn’t I outsource it to an expert? This is a fairly easy question to answer and these organizations have reaped the rewards of increased profitability and a competitive advantage.
 

 

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