In recent years, good network security has become more important than ever before. Target, JP Morgan Chase, and even Equifax have joined the club of security breaches due to inadequate network security. The repercussions of a security breach can last for years and even result in the loss of millions of dollars, as was the case with Yahoo after three billion user accounts were victimized by the largest data breach in history. This epic fail knocked an estimated $350 million off Yahoo’s sale price to Verizon in 2017. Leaked Social Security numbers, birth dates, addresses, and even driver licenses leave existing and potential customers worrying about whether future business with a breached company is worth the risk – and they may even consider a lawsuit.
Small and mid-sized businesses aren’t immune to the risk of network security breaches, either. Regardless of the size of your company, network security should be a priority in today’s world. So if you are thinking of improving your network security, here are five reasons why you need a good network security company:
1. Ensure Your Team Can Work Safely, Anywhere
Telecommuting employees are the rule today, not the exception. In fact, according to a Global Workplace Analytics survey in 2017, 50 percent of the U.S. workforce is at least partially telecommuting and approximately 20 to 25 percent of the workforce telecommutes with some frequency. While telecommuting can save companies a tremendous amount of money on office resources, it also puts companies at greater risk for security breaches.
A survey published in Network World shows that such risks include leaving a work device in an unsecured environment, installation of non-work related programs, and the ability to access work-related documents through an unprotected personal computer. Although these risks are serious, only about 20 percent of the organizations that responded to the survey said they conduct periodic inspections of telecommuter remote-work environments. While the frequency of such inspections grew among organization with more telecommuters, this number is still extremely low, suggesting that organizations don’t take these risks seriously enough. Engaging a good network security company to protect your business and your clients will help prevent breaches.
2. Minimize Downtime
Consider a scenario where your business is hacked due to lack of good network security, with the result that employees have no access to perform their work while the issue is being fixed. The cost of this downtime? According to a recent article from Network World, downtime costs small and mid-sized businesses between $8,000 and $74,000 per hour. The fact is that network security hacks result in lots of downtime. And downtime costs money – real money.
3. Proactive Is Better Than Reactive
A good network security company should get out in front of technology problems that can strangle your workflow and devastate your company. They should take the time to understand your business, and employ technology as a tool to support your business goals, rather than stand in the way of them. A good network security company will develop a blueprint for success, showing you how they will fix problems that currently exist and put systems in place that will make them less likely to occur in the future.
4. Increase Client Confidence
With data breaches happening at a record pace, consumers and business executives alike are more nervous than ever about whether a company can offer the security that they need. Your customers want to know that their information is safe with you, and will go out of their way to work with you over a competitor who cannot properly address this. Taking network security seriously will speak to your current and potential customers just as loudly as any service or product offerings.
5. Comply with Government Regulations
Making sure that you have the best possible network security can be even more important when government regulation is required. Whether it’s HIPAA, PCI, FINRA, or SOX, regulatory compliance is crucial. Ignoring these regulations can put your company’s reputation at serious risk and can cost you millions. Want an example? Consider this incident from 2014 involving New York Presbyterian Hospital and Columbia University Medical Center. Six-thousand eight-hundred patient records containing sensitive health information – electronic Protected Health Information (ePHI) – became accessible to Internet search engines when a physician attempted to deactivate a personally owned computer server that was on the hospital’s internal network. The investigation that followed uncovered several other violations and forced the companies to settle for $4.8 million.
A good network security company like Certus Technologies can help. Need help or have questions? Call me personally at 973-944-5000 or e-mail me at EBerk@CertusTechnologies.com.
About The Author
Evan Berk is Managing Partner at Certus Technologies, an IT Managed and Cloud Services firm that specializes in helping clients dramatically improve their business productivity.
Evan is passionate about simplifying and demystifying complex Information Technology systems and believes that the best IT systems should make our lives easier and more productive, both in the workplace and at home. He can be contacted at EBerk@CertusTechnologies.com or at 973-944-5000.