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Is It Worth Waiting for Something Bad to Happen?

Is It Worth Waiting for Something Bad to Happen

“It won’t happen to me.”

“My company isn’t a target.” 

“I don’t want to spend money on cybersecurity when we may not even suffer a cyber-attack.”

These are some of the common reasons why SMB business owners choose not to invest in cybersecurity protection. While it is tempting to bury one’s head in the sand about looming cyber threats, or convince yourself that your organization will never be targeted, this is simply unwise.

In today’s digitized and data-driven world, cyber-attacks and data breaches are a case of when, not if. Whether it’s a phishing attack, cloud misconfiguration or supply chain security incident, your organization will be exposed to security risks at some point or another. 

When this happens, your approach to security could be the difference between a thwarted attack or a successful catastrophic breach. 

Every Organization Is Vulnerable 

To exemplify just how frequent cyber attacks are in business, consider these statistics: 

  • According to the FBI’s annual Internet Crime report, there were an astounding 847,376 complaints of cybercrime reported by the public in 2021.
  • SMBs lost $212,000 in 2021 due to supply chain cybersecurity incidents.
  • Research from Cybersecurity Ventures predicts that cybercrime costs will reach $10.5 trillion annually by 2025.
  • It takes companies about 212 days to identify a data breach after the incident. 

These stats highlight just how much of a threat cyber-attacks are. They can be crippling to your bottom line, leading to lost customer loyalty, compliance fines and IT downtime that harms customer service and employee productivity. 

Because the risks are so high, no organization can afford the luxury of waiting until the worst happens. If they do, they could go out of business for good. 

Of course, SMBs don’t typically have the same budgets as large organizations to spend on cybersecurity – but something is definitely better than nothing. Moreover, when you work with a managed IT provider, you can get the expertise of a whole security team for the fraction of the cost of hiring one IT professional full-time. 

A Holistic Approach to Security: Proactive Measures and Incident Response 

Here’s how a good security partner can help you defend against and respond to security threats. 

24/7 Threat Detection

Your MSP will use the best-in-breed security tools out there, offering you 24/7 threat detection and mitigation without you having to lift a finger! You can focus on running your business, while our security experts manage cybersecurity for you and prevent data breaches. 

Incident Response Expertise

When a cyber-attack hits your network, it doesn’t have to be game over. The incident response process is all about discovering, containing, eradicating and recovering from cybersecurity while minimizing business disruption and loss.

The thing is, incident response is complex. It requires specialist security skills and know-how that SMBs often don’t have. When you work with an MSP with security expertise, you overcome this hurdle. They build and manage your incident response capability for you, reducing the likelihood of you suffering a devastating security incident. 

In-demand Skills

It’s no secret that experienced security professionals are hard to come by. These jobs are in high demand but there’s short supply. You’d likely have to spend upwards of $50,000 to hire a full-time security administrator – and that’s just one person!

On the other hand, when you work with us, you benefit from a whole team of experienced IT and security professionals, all of whom will work to keep your business safe from malicious actors. 

An Excellent Security Stack

There are tons of security vendors out there, each using marketing and advertising to entice organizations into buying their products. This makes it difficult for companies to know what security protections to buy and which ones they actually need. Given that security solutions can be expensive, no CEO wants to waste precious company money on a redundant tool.

Luckily, when you work with us, you won’t need to worry about investing in security tools. We have already invested in next-generation security solutions, which we deploy for our clients as part of a fixed monthly fee with no hidden costs. 

Lower Cyber Insurance Premiums 

For companies that want to procure cyber insurance, having the right security tools in place is a surefire way to lower your insurance premiums. Increasingly, insurers won’t even offer cover to organizations unless they can prove they’ve proactively invested in security. By partnering with us, you can show potential insurers you take security seriously, leading to lower prices for protection. 

Improve Your Security & Reduce Risk with GEEK911

Cyber attackers may be getting sneakier, but defense solutions are also getting more sophisticated. GEEK911 can help your Silicon Valley area business put advanced security techniques in place to reduce your risk.

Schedule a consultation by calling 1-866-433-5411 or reach us online.

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