5 Ways an MSP can protect your organization from cyber threats
Cybersecurity threats are a growing concern for Canadian businesses as technology continues to play an increasingly important role in driving business success. According to the 2021 Canadian Internet Registration Authority's Cybersecurity Survey, 40% of Canadian businesses experienced a cybersecurity incident in the past year, and the cost of these incidents can be staggering. In fact, a recent report by IBM found that the average cost of a data breach in Canada is $6.35 million CAD, with the average cost per record being $278 CAD. As businesses continue to store more and more sensitive information electronically, the cost and frequency of cybersecurity incidents is expected to increase.
That's where managed service providers (MSPs) come in. By providing a range of proactive cybersecurity services, MSPs can help protect Canadian businesses from the growing threat of cyberattacks. Here are 5 ways an MSP can help protect your business:
Assess
An MSP can conduct initial assessments to identify vulnerabilities in your IT infrastructure. This proactive approach can help prevent cyberattacks before they occur, saving your business potentially millions of dollars in damages.
Advise
Once vulnerabilities have been identified, an MSP can provide advice and recommendations on how to remediate them. This can include everything from implementing new security measures to updating existing software and hardware, potentially saving your business from costly security breaches.
Monitor
An MSP can monitor your IT infrastructure, endpoints, and firewalls using AI and behavioral analysis, and can actively hunt down security threats and identify risks in real-time. This can help pinpoint potential security threats before they become major issues, allowing for proactive measures to be taken to prevent data breaches that could cost your business millions.
Test
After prevention measures have been recommended, an MSP can help test and implement these measures. This can include everything from setting up firewalls to configuring anti-virus software, providing your business with an added layer of protection against cyber threats.
Respond
In the event of a cybersecurity incident, an MSP can provide incident response assistance, including negotiations with attackers. This can help minimize the impact of the incident and help your business get back up and running as quickly as possible, saving you time and money.
Conclusion
Cybersecurity threats are a major concern for Canadian businesses, with the cost of a single security breach potentially costing millions of dollars. However, working with an MSP can help protect your business against these threats in a proactive and effective manner. Don't wait until it's too late - take action today to protect your business and avoid the potentially devastating impact of a cybersecurity incident.
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