Cybersecurity is a sensitive topic that many companies feel they have a handle on, until they don't. The average costs of data breaches increased 2.6% from USD 4.24 million in 2021 to USD 4.35 million in 2022. The average cost has climbed 12.7% from USD 3.86 million in the 2020 report. (IBM)
While this is certainly not the case for all businesses, there are many mitigating factors that are often overlooked. The loss of productivity while systems are unavailable and being restored, as well as the cleanup fees are obvious costs, however they are not the only ones. Brand reputation can suffer and in some cases, data breaches cause expensive lawsuits. Not to mention additional marketing expenses in trying to recoup the lost business for years down the road. Depending on the severity, you may even be required to provide credit monitoring for your clients at your cost.
IBT incorporates a proactive methodology to cybersecurity. By taking advantage of our vendor relationships and adding products to your service plans from industry leading cybersecurity platforms, you can help avoid these costs for a few dollars per month, per user. By utilizing these platforms, you can have a quick overview of the issues that are trying to infiltrate your devices from a centralized single interface, to help you react to threats quicker. We have partnerships with backup software companies with integrated threat detection, Anti-virus/Anti-Malware/Anti-Spam Endpoint protection, secure remote connections and remote monitoring, which all help to divert threats. IBT feels that this is cornerstone to proactive security and is including base Endpoint protection to the Integrity+ Inclusive contract at no additional cost to your business.
Another avenue that is often overlooked is having a solid security plan; not only for mitigation, but for prevention. Central to this is user education, in addition to mandatory password policies to enforce requirements to the business security are met. Everyone loathes changing passwords but a surprising number of attacks are completed by easily guessed or reused passwords. Regular security and system updates to all devices connected to the network is paramount. Having a good password manager helps with not only remembering passwords, but generation of random passwords to increase the overall security.
While you can never have an entirely foolproof plan, there are many choices you can make to mitigate many low-level threats. Reach out today for your free assessment to determine your risk level today.
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