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Showing posts from May, 2021

Why It Is Important for Financial Institutions to Have Strong Cybersecurity in Place

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 Cybersecurity is critical for both for-profit and non-profit organizations. Banks and other financial institutions store sensitive information about their customers, which attackers are aware of, so it is critical for banks and financial institutions to have strong cybersecurity in place.Here are a few reasons why cybersecurity is important for financial institutions: A Breach Can Harm A Bank's Reputation Data breaches are serious issues for banks because they cause public distrust and customer insecurity. It happens as a result of a faulty cybersecurity strategy, and recovery is difficult. It is the bank's responsibility to inform their customers about cybersecurity and other precautions they should take to protect their personal data and private information. It is critical for a bank to have a strong cybersecurity plan in place in order to gain the trust of customers. Banks May Face Penalties If They Fail to Comply with the FDIC Penalties for noncompliance can be severe for

IT Service Provider Can Do More Than Just Protecting Against Network Threats

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 Many small businesses choose to forego IT Service Provider, they instead try to manage it on their own without the assistance of dedicated cybersecurity professionals just by utilizing basic antivirus software and informing employees on how to evade cyber threats like phishing emails and malware. However, this logic is flawed for a multitude of reasons. For starters, there are so many cyber threats and ways for them to infiltrate your network that antivirus software and employee cybersecurity training cannot fully protect against them all. Hackers, for example, can gain access to your network by exploiting open ports on network-connected devices. Because the average person does not know how to secure their network's ports, security gaps may exist that you cannot close. However, network security is not a one-time task that can be completed and then forgotten about. It is a continuous process that evolves with cybercriminal tactics, which is why paying someone to secure your networ

What Is Business Intelligence & Analytics and Why It Is Important for Businesses?

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In the current scenario of big data, many business owners find themselves surrounded by large volumes of data. They are trying to figure out ways to develop a better understanding and control of this information in order to derive the best value for their business. Business intelligence &analytics is a blend of tools, technologies, applications, and best practices that help businesses gather, integrate, analyze and present raw data into easy-to-understand, thoughtful business data to improve and optimize decision-making and productivity. Why Do You Need to Consider Business Intelligence and Data Analytics for Your Business? In small businesses, spreadsheets and other ad hoc tools are often enough to do the job. However, as companies grow, the number of information decision-makers need to understand grows as well. New products and services, new markets and possibilities, expenditure on operations, sales, marketing, and other growth-enhancing systems. As a consequence, most people ne

IT Service Provider Can Do More Than Just Protecting Against Network Threats

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 Many small businesses choose to forego IT Service Provider , they instead try to manage it on their own without the assistance of dedicated cybersecurity professionals just by utilizing basic antivirus software and informing employees on how to evade cyber threats like phishing emails and malware. However, this logic is flawed for a multitude of reasons. For starters, there are so many cyber threats and ways for them to infiltrate your network that antivirus software and employee cybersecurity training cannot fully protect against them all. Hackers, for example, can gain access to your network by exploiting open ports on network-connected devices. Because the average person does not know how to secure their network's ports, security gaps may exist that you cannot close. However, network security is not a one-time task that can be completed and then forgotten about. It is a continuous process that evolves with cybercriminal tactics, which is why paying someone to secure your networ