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FYI

Did you know?

Ransomware attacks every 10 seconds

There is a ransomware attack on a US business every 10 seconds. No one is safe. Even the NSA and FBI have been hacked. Cyber attacks on small buisness are on the rise as they are less protected and easy to breach. The U.S. Congressional Small Business Committee found that 71 percent of cyber-attacks happened at businesses with less than 100 employees.

Human Error causes 95% of all security breaches

According to a study by IBM, human error is the main cause of 95% of cyber security breaches. Human error means unintentional actions or lack of action by employees and users that cause, spread or allow a security breach to take place.

These errors could be the failure to install software security updates, having weak passwords, clicking the wrong link, responding to a phishing email.

Much of human error results from end-users simply not knowing what the right course of action is in the first place.

Outdated technology costs businesses more than it saves

A 2016 survey found that U.S. businesses lose up to $1.8 billion each year in wasted productivity due to obsolete technology. As devices age, they run more slowly, freeze more often, and require more maintenance, resulting in additional downtime. They also lack the power needed for new, efficient software programs that can help increase business productivity.

5x Increase in Phishing Attack due to Corvid-19

Businesses have rapidly changed operations to promote access and availability of services during the pandemic. Threat actors are exploiting the latent security vulnerabilities and widespread fears to increase their attack. 90% of ransomware attacks originate from phishing attempts and it is getting worse every year.

Cloud adoption by orgs increases to 90%

According to a recent survey from O’Reilly, cloud adoption is steadily rising across industries, with 90% of organizations using cloud computing. Around 50 percent of all corporate data is stored in the cloud, as of 2020.

 While large organizations have successfully implemented specific software-as-a-service (SaaS) solutions or adopted a cloud-first strategy for new systems, many are struggling to get the full value of moving the bulk of their enterprise systems to the cloud.

The full value of cloud comes from not simply moving existing systems or applications into the cloud but changing the way they work in order to reap the full benefit.

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December 6, 2022