Technology is changing at a rapid rate, and with the advancement of this technology businesses are facing new demands to keep up. Many in-house IT teams are struggling with the demands of upgrading to new technologies and keeping meeting customers’ needs at the same time. When managing IT resources gets in the way of day-to-day tasks, many companies can save time by hiring the right managed services provider. According to MarketsandMarkets the global Managed Services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period, to reach USD 354.8 billion by 2026 from USD 242.9 billion in 2021
In terms of security and adapting to new operating practices, the year 2020 was a major challenge for organizations and individuals. It is also not surprising that there will be more security challenges in the year 2021. The sudden and unexpected global disruption caused by COVID-19 left organizations struggling to ensure security and business continuity as new threats emerged and they shifted to a remote workforce. With this, businesses were forced to adopt new technology efforts, work practices, and maximize their ability to prevent, detect, and overcome security breaches.
Endpoint devices are often the first point of entry into a company’s network. A 2020 study by Ponemon discovered that 68% of organizations have experienced an endpoint attack that compromised data. Endpoint security seeks to secure end-user devices such as desktops, laptops, and mobile devices and defend the company’s perimeter against cyber-attacks and data theft.
A successful cyber-attack can negatively impact your business in several ways including financial loss, loss of customers and a damaged reputation.
Most organizations have multiple security controls to detect suspicious behavior and identify security threats. But these mechanisms often work in isolation, making it difficult to get a comprehensive view of the network environment. As cyber-attacks become more sophisticated, isolated security controls will prove inadequate for monitoring and protecting a distributed network.
Thanks to the current coronavirus pandemic (COVID-19), we’re all living in a new normal where masks, hand sanitizer, and social distancing have become a part of our daily routines, but the pandemic not only changed the way we live and socialize. It has also changed the way we work in major ways.
Cybersecurity innovations are continuously introduced to combat the ever-increasing attacks that countless organizations face each year. Corporate data breaches enabled by phishing attempts, ransomware, and malicious software are the plague of big business, and year over year the stakes get higher. Many organizations take advantage of these cybersecurity innovations and are increasing efforts to combat new threats as technology advances, but when the global coronavirus pandemic came knocking at the end of Q1 it brought an onslaught of new challenges for 2020. From the beta-like remote work model to new demands in the finance and healthcare sectors, the demand for new cybersecurity innovations has spiked, and as the year draws to a close with numerous cyber casualties reported, many have begun to speculate on cybersecurity trends for 2021 and how they will alter the overall landscape of advanced digital security.
The Covid-19 pandemic has not only caused anxiety to everyday persons, as worry about personal health and the health of our loved ones cloud our thoughts. But it has also caused increasing headaches for chief information security officers and IT professionals who now have to consider the additional data security threats and challenges involved in moving to a remote workforce.
Digital hacking continues to become a more advanced problem as the age of the internet progresses and new technologies are introduced. From the theft of credit card information all the way up to wide-scale corporate data theft, hackers have contributed heavily to the fear and danger that many experience when using the internet. In recent years, hackers have breached network security in an attempt to steal or damage everything from financial data to election tallies, and organizations in the business world around the globe have been negatively affected as a result. 2020 has hosted entirely new challenges for businesses as the world strives to cope with a global pandemic that many hackers seek to exploit. Churning out spam email with bitcoin ransom demands, these hackers have created new problems that even the World Health Organization has had to endure, and those businesses with employees working from home are now susceptible to a new breed of data theft making the need for cybersecurity solutions tantamount to the success of their organizations.