Data security is a critical focus for businesses today. This is especially true for solutions partners who have access to other businesses’ sensitive data. Businesses rely on these companies to protect their data at all costs.
Many companies are opting to outsource their business functions today, whether it’s a small business with a lack of resources or a corporation looking to cut costs. The upsides of outsourcing are becoming more evident with time.
In every B2C company, you have to always ask yourself: “what’s my unique selling point that keeps customers coming back to me?” This way, you can see what customers really want beyond your products and services.
Closing the cybersecurity skills gap is critical in today’s technology-driven business environment.
But what exactly is the cybersecurity skills gap?
Without a doubt, Information Technology has become one of the most important aspects of business operations in various industries. The dire importance of technology has fuelled and sustained innovation in order to cater to the ever-changing needs of different organizations and consumers. The rate of innovation, however, highlights the current shortage in graduates that specialize in software design and testing or even Information Technology (IT) in general. Gartner projects that there will be 1.4 million job openings for computer specialists by 2020, but universities can only supply at most 420,000 graduates who are qualified for these positions. One way to avert from these issues presented by the global IT skills shortage in the future is to consolidate an effective internal training program for their IT specialists. Although this may be effective in the long-run, the most potent solution to the global IT skills shortage is IT Outsourcing (ITO).
In today’s digital age, almost all successful organizations rely heavily on data. Data transfer, storage, and data collection all play integral roles in allowing businesses to earn profit and maintain solid working relationships with suppliers and affiliates. Data also heavily impacts most organizations as most social, governmental, and economic activities are carried out online. This information has the potential to dictate the flow of life of any organization. This is why if your company is looking to thrive in its specific industry, now is the time to be vigilant about web and data security.
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Whether you’re a small or medium business owner, the threat of cybersecurity breaches is a serious concern for your company. Not having experienced, well-trained professionals prevent and address such attacks will cost your company more in terms of expenses, reputation, and profit. No customer or client wants to deal with a brand that doesn’t have the means to prioritize their data security. At the same time, it’s also important for your company to protect its own confidential information and other assets. But does your company need to go beyond budget and increase costs with an in-house team? No, because information technology (IT) support outsourcing is a more affordable and effective solution.
According to the Computer Economics IT Outsourcing Statistics of 2016/2017, the majority of the surveyed IT departments plan to increase the outsourcing load for IT security. Vice president of research for Computer Economics, David Wagner states that no organizations plan to decrease the outsourced amount, as sophisticated threats require specialized skills. He adds that organizations acknowledge that threat detection requires a different skill set and IT support outsourcing offers a bigger variety of specialized skills. The indicated study also reports that outsourcing is an attractive option for smaller organizations and are employing these services at the same level as bigger companies. If you haven’t caught up to this cost-effective, scalable IT solution, here are five essential functions you can outsource to keep the company protected and profitable.
Web applications have become an integral part of our lives. We use them to order food, to book a ride to work, to find a date, to buy clothes and makeup, to monitor our diet and water consumption, and so much more. We’ve become so used to depending on apps that we’ve ignored the amount of information entered with every login, swipe, and sale. It is crucial for web application developers to ensure the security of their product. Web application security testing analyzes and reports the level of security in the said product.
Security testing is especially crucial in today’s technology industry. Web apps are one of the main causes of data breaches. Veracode’s 2017 State of Software Security Report says that 77 percent of web applications have a minimum of one security vulnerability. In 2016, there were 728 data breaches occurring in the US out of the 974 reported for that year.
Of course all companies should prioritize its website’s security. Whether you’re a startup tech company, a small town e-commerce site, or a major player in the retail business, a violation of your business’ web security has serious, costly consequences. A data breach can result in $4 million from your company’s coffers, on top of the clients and customers you could potentially lose from the incident. This is especially damaging for small and medium businesses that are still establishing their reputations in the industry, not to mention the incredible liability. But more importantly, a security breach can cause significant damage to your clients who have sent and stored private information on the website. Cases of stolen identities and fraud via stolen credit card data will instantly remove any brand loyalty a customer ever had.
Cloud Accounting is one of the most exciting developments in the industry that has made accounting a whole lot easier. The term “cloud” is a metaphor for wireless computing, which refers to all records and files stored remotely and accessible through the internet. This has enabled both business owners and accountants to access and collaborate on the same data anytime from anywhere.