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FinTech Trends Newsletter Week 10th April-13th April 2017
Overcoming cybersecurity challenges with managed IT services
If there is one thing we can be certain about when it comes to cybersecurity, it’s that the landscape will remain dynamic and turbulent over the coming years. Today, news headlines are dominated by cyberattacks and breaches that span across all industries – causing security to be top of mind for almost all business- es. However, these headlines don’t seem to be slowing down, which means that businesses are still struggling to keep up with the rapidly evolving threat land- scape.
So, what are the biggest obstacles businesses face in achieving a stronger cyber- security posture, and how are MSPs best suited to help clients and prospects overcome these obstacles?
Cybersecurity Trends Report 2017 recently uncovered that lack of skilled em- ployees, lack of budget and lack of security awareness among employees are the three biggest cybersecurity challenges for businesses.
Lack of skill – Finding qualified talent remains an ongoing challenge in the business world, specifically when it comes to IT security. It’s clear that cyber- security is a rising concern today, but why is it still so difficult for businesses to find and retain security talent? This can be attributed to the lack of train- ing, certification, or even hands-on experience, conventional education and policies simply can’t meet demand.
To address this skills gap, SMBs can leverage a managed services providers, like Storm IT Financial, who deploy the appropriate technol- ogy, level of skill, experience and understanding of IT systems for the financial sector. Our clients won’t have to worry about learning curves or lacking the right IT skills because they’ll have access to our team of highly-trained technicians. With 24x7x365 monitoring and support, any issues that arise will be promptly be remediated and taken care of.
Lack of budget – No matter the issue, lack of financial resources always seems to be a major roadblock for businesses. Although
we’re seeing a slow increase in the investment of cybersecurity, SMB’s still list lack of budget as the next major obstacle to achieving stronger cybersecurity. The problem is that cybersecurity spending is still not at a level that matches the changing threat landscape.
One of the biggest values of managed services, like what Storm IT Financial provide, is greater cost savings. Instead of spending money on security hardware and software, our clients can leverage our technology, services and expertise – all at a fixed monthly cost. Also, when SMBs outsource their IT security needs to an MSP, they won’t have to deal with the added costs of onboarding new employees, training processes or paying for their benefits. By handing off some of these needs to a trusted technology partner, like Storm IT Finan- cial, Firms can free up time to concentrate on their business needs, which, in turn, increases profitability. Overall, an MSP can provide businesses with scalable IT services that can be customised to their needs, fit within their budget and keep them protected against cur- rent and future threats.
Lack of security awareness – Sometimes the greatest vulnerabilities are created by employees who did not receive proper security awareness training. We all know that human error has been responsible for some of the worst data breaches, and this happens mostly when security training is an afterthought.
It’s in an MSPs nature to stay up-to-date on today’s threats so that they can provide the security awareness education employees need to guard against cyber attacks. In working with an MSP, clients will have continuous support for not only their IT systems, but also their security-related planning, procedures and protocol.
All in all, leveraging the knowledge and expertise of an MSP (Managed Service Provider) can allow businesses to close the security awareness gap and ensure that they’re well-equipped to face the cybersecurity landscape now and for the future.
Need additional help or if you have any Hedge Fund/Alternative Investment security or technology query ? Contact Storm IT Financial.
Storm IT Financial FinTech News & Trends picks: Week 10th April – 13th April 2017
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https://azure.microsoft.com/en-us/blog/networking-to-and-within-the-azure-cloud/
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Bank of England governor Mark Carney: Fintech can promote financial stability
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http://www.cityam.com/262834/bank-england-governor-mark-carney-fintech-can-promote
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The human factor will always be business’s vulnerable spot unless we continually educate, re-educate and correct misinformation…:
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Qualcomm announced a collaboration with Microsoft to accelerate next-generation cloud services
http://www.technewsworld.com/story/84359.html
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