Monday, May 2, 2022

5 Benefits of Using IT Lifecycle Management Services

5 Benefits of Using IT Lifecycle Management Services

by Robert Blake

 

Technology plays a key role in any workplace, but it can eventually get outdated and work less efficiently. Investing in new tech for your business is a wise choice that offers a wide range of benefits. However, finding the best equipment for your business is often a time-consuming and difficult task. Using IT lifecycle management from a managed service provider is a great way to remain proactive while helping you avoid many long-term issues.

 

Here are a few of the benefits of using IT asset lifecycle management for your organization.

 

1) Enhance IT Security

 

Cyber threats are a major issue facing all types of businesses. Older hardware and software are highly vulnerable to these threats, especially if they are no longer receiving updates from their manufacturer. Upgrading your IT infrastructure at least every three to five years is recommended to limit the chance of your company becoming the next victim of these cyber attacks.

 

2) Boost Employee Productivity

 

Another reason to consider IT asset lifecycle management is that it helps to improve productivity for your employees. Older computers run less efficiently, and they are more prone to crashes. Constantly waiting on a computer to load an application is always frustrating, and it limits the productivity of your employees. Staying proactive by investing in new hardware every few years is a great way to avoid this problem.

 

3) Minimize Downtime

 

Unexpected downtime can derail any project and lead to substantial costs. Constantly reaching out to tech support takes up a lot of time while making it challenging for your team to meet deadlines. On the other hand, IT lifecycle management allows your business to use much newer equipment to decrease your chance of experiencing any significant periods of downtime.

 

4) Meet Compliance Requirements

 

Many industries must meet strict guidelines involving data security to avoid compliance violations. These fines can be very expensive while also hurting your reputation with customers. Using outdated technology increases the risk of a data breach due to the lesser amount of security. Following an IT lifecycle management plan is key to staying in compliance while maximizing data security with modern technology.

 

5) Access to Latest Tech

 

An additional benefit of IT lifecycle management is that it gives your business access to the latest tech. New computers and devices will operate more quickly while making the jobs of your employees much easier. You can often gain a big edge over your competitors by keeping your technology up to date. A managed service provider will discuss which upgrades make the most sense for your business.

 

Closing Thoughts

 

The role of technology will continue to increase in the workplace. Keeping your equipment up to date is key to staying proactive. However, many businesses don't have the time to find and purchase new equipment by themselves, as a managed IT service provider can handle these duties. These IT professionals will create an inventory list while developing a detailed plan on the best time to make upgrades to ensure your business operates as efficiently as possible.


Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831

Monday, April 4, 2022

How Managed IT Services Can Benefit Accounting Firms

How Managed IT Services Can Benefit Accounting Firms

by Robert Blake

 

Keeping data safe and confidential isn't always easy for accounting firms. One way to overcome this common challenge is to partner with managed IT services. These IT professionals will monitor your network around the clock, and they are always available if you need any assistance. Outsourcing your technical needs with an IT service provider is also a much more cost-effective investment than hiring and training in-house tech employees for your business.

 

Here are a few additional reasons why managed IT services are a great option for accounting firms.

 

Access to the Best Tech

Trying to keep up with the latest tech in the accounting industry is often difficult. Constantly purchasing and trying to learn new software is expensive, and it often results in a major learning curve. An IT service provider can play a critical role in finding the right technology to best meet the needs of your accounting firm. A managed service provider can also train your employees on how to best use these applications, which significantly reduces the learning process.

 

Professional Expertise

Tech issues can arise at the most inopportune times. Trying to resolve these issues on your own can often be stressful, and it can lead to hours of downtime. Working with an IT service provider is an excellent way to gain access to professional IT technicians that can quickly resolve any issues. You can also reach out to these IT experts at any time, whether it's late in the evening or it's during the middle of the day.

 

Improve IT Security

Cyber threats are always evolving, as staying a step ahead of these attacks isn't easy. A managed IT service provider can train each one of your employees on how to avoid making mistakes that can lead to a cybersecurity incident. Keeping your software up to date with the latest patches, creating data backups, and network monitoring services are also just a few of the many ways an IT service provider can improve cybersecurity for your accounting firm.

 

Predictable Costs

Another reason to consider working with a managed service provider is that you don't have to worry about any unpredictable costs. Instead, you will usually pay a flat fee each month. On the other hand, the costs of an in-house IT team can often be unpredictable, whether it's the cost of training new employees or paying hours of overtime. The predictable costs of an IT service provider make it easier for accounting firms to plan their budget for the entire year without any unpleasant surprises.

 

Final Thoughts

Technology will continue to play a big role for accounting firms. Partnering with managed IT services helps your company fully take advantage of the latest tech while also giving you access to professional experts if you ever have any questions or need help. The fixed costs of a managed IT service provider also make it much easier to plan your budget. Ultimately, an IT service provider can play an active role in helping your accounting firm reach its full potential in today's digital work environment.


Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831

Wednesday, March 16, 2022

Do You Fax On Premise or in the Cloud?

Webinar Showcase 2022

rsz_currency-options-trading

 

Do You Fax On Premise or in the Cloud?

Alternative Next Gen Cloud Platforms Take Flight

 

Wednesday, April 6, 2022

1:00 – 1:15 p.m. EST

 

After years of managing their own servers, clients are now embracing cloud options for faxing. Whether part of their overall technology strategy or for cost and productivity gains, they are moving their RightFax infrastructure to public and private clouds in record numbers.

 

Are you ready to make the move?

 

Please join us for an informative mini-webinar where we take you through fax deployment options. We’ll cover conventional on premise fax infrastructure andcloud solutions while explaining the exodus away from traditional fax platforms and help you figure out if the move is best for your business.

 

Whether you are looking to make a move in 2022 or want to learn a little more about your options, we think you will find this time well-spent.

 

You will learn:

  • How to determine which option is best for you
  • How to maximize whichever option you choose
  • Primary differences between various fax platforms
  • Cost benefits of on premise alternatives
  • Hidden cost of aging fax servers
  • The various options for enterprise faxing

We hope you can join us!

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Bit by Bit, 115 West 29th Street, 4th floor, New York, NY 10001


 


Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831

Friday, March 11, 2022

Why Financial Firms Need to Partner with Managed IT Services


By Robert Blake

 

Financial firms work with a diverse range of clients to help plan for retirement, manage wealth, and create long-term strategies. Unfortunately, all of this financial data is extremely valuable for cybercriminals. Taking additional steps to keep this information secure is critical to protecting your clients’ assets. However, most financial firms don't have the in-house capabilities to provide adequate data security, so using a managed IT service provider is a wise choice that offers many benefits.

 

Here are a few of the key reasons a managed IT service provider is a valuable partner for financial firms.

 

Access to Document Management Software

 

Keeping track of all the different financial documents for each client is necessary for financial advisors. One misplaced document can lead to many wasted hours and severely impact productivity. One way to avoid this problem is to use document management software. This information is available in one place and can be accessed from any device. An IT service provider can train your team on how to fully use this software, which will make the job of each financial advisor that much easier.

 

Improve Data Protection

 

Data security is a top priority in the financial industry. One data breach doesn't only damage the reputation of your firm but can also lead to significant fines due to a lack of compliance. A managed service provider will use various methods to boost data security, whether it's patch management, IT security training for employees, network monitoring, or creating a strong password policy. Of course, cyber threats are constantly changing, so the primary role of an IT service provider is to stay a step ahead of these criminals.

 

Around the Clock Tech Support

 

One problem with a computer or software program can make it impossible for a financial advisor to perform even the simplest tasks. Trying to figure out these issues often requires time and technical expertise. Reaching out to IT support is a great way to receive immediate help from trained technicians who can quickly figure out any technical problems. Using tech support is a great way to avoid downtime, and it will also give financial advisors peace of mind knowing they can reach out for assistance at any time.

 

Use of Automation Services

 

Automation can help streamline a wide range of tasks while allowing your employees to focus on other jobs. A managed service provider allows your firm to take advantage of automation in numerous ways, whether through network monitoring, data backups, account management, or security upgrades. These different services are designed to allow your financial firm to operate as efficiently as possible with the help of the latest technology.

 

Closing Thoughts

 

Technology plays a crucial role in allowing financial firms to serve their clients better. While technology offers immense benefits, it also creates numerous risks because cybercriminals find new ways to steal confidential data. Partnering with an IT service provider will give your financial firm much-needed IT security while also helping your company take advantage of the newest software programs in the industry. Tech support is also available at any time, which reduces downtime and helps to keep stress to a minimum. Ultimately, a managed IT support company partnership is an excellent option for financial firms.


Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831

Tuesday, March 1, 2022

Fraudulent First American Email

https://bitxbit.dubb.com/v/vvx6KK




Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831

Thursday, February 24, 2022

n a Nation-State Cyberattack Hit Your Business?

Can a Nation-State Cyberattack Hit Your Business?


Nation-state cybercrime isn’t just a problem for government agencies and the military anymore. Threat actors have been branching out to hit companies in industries that have never been in the crosshairs before in a variety of industries, serving notice that every business is at risk of trouble.  

An estimated 90% of nation-state cybercrime groups regularly attack organizations outside of the government or critical infrastructure sectors. Sometimes they’re looking for information or back doors into high-profile targets that those organizations might serve or do business with. Sometimes they just want to make money. But they’re always out to cause problems for businesses caught up in the tide. 

Nation-state threat actors use a common technique to hit their targets: phishing. Reducing your phishing risk is a great way to reduce your company’s risk from that source. That’s why it’s essential to your company’s success that you conduct regular phishing resistance training using a comprehensive solution like BullPhish ID. Arm your employees with knowledge to reduce the chance that they’ll be tricked by the bad guys.  


Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831

Week in Breach - 02-16-202

OpenSea’s phishing flood just keeps getting worse, Britain’s NHS is ensnared in a new data exposure drama thanks to a supply chain snafu and Baltimore officials fall for a BEC trap plus how nation-state cybercrime is threatening your clients right now.  





Meyer Manufacturing Co. Ltd.

https://www.securityweek.com/cookware-distribution-giant-meyer-discloses-data-breach

Exploit: Ransomware

Meyer Manufacturing Co. Ltd.: Cookware Manufacturing & Distribution

cybersecurity news represented by agauge showing severe risk

Risk to Business: 2.177= Severe

Meyer Manufacturing Co. Ltd recently filed a data breach notification disclosing a ransomware attack that impacted employees of its distribution arm. Bleeping Computer reports that this attack is the work of the Conti ransomware group. In its disclosure, Meyer said the initial incident occurred in October 2021 but was not discovered until December 2021. The attack affected Meyer and its subsidiaries, including Hestan Commercial Corp., Hestan Smart Cooking, Hestan Vineyards and Blue Mountain Enterprises LLC.

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.919= Severe

Employee personal information was snatched in this incident including their first and last name, address, date of birth, gender, race or ethnicity, Social Security number, health insurance information, medical information, driver’s license, passport or government-issued identification number, and Permanent Resident Card and information regarding immigration status. 

Customers Impacted: Unknown

How It Could Affect Your Business: Data that can be used to falsify identities is a valuable commodity on the dark web and cybercriminals never stop looking for soft targets that enable them to steal it.



The City of Baltimore

https://www.infosecurity-magazine.com/news/baltimore-conned-out-of-375k/

Exploit: Business Email Compromise

The City of Baltimore: Municipality

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.251=Extreme

Buckle up because this is a saga. A report just released by the Office of the Inspector General (OIG) details a business email compromise disaster that ended up costing the city of Baltimore more than $375,000. In this incident, bad actors managed to change the bank details kept on file for a vendor who had an agreement with Baltimore’s Mayor’s Office of Children and Family Success (MOCFS). The cybercriminals contacted both MOCFS and Baltimore’s Bureau of Accounting and Payroll Services (BAPS) asking to have the vendor’s banking information updated to send payments to a different bank account at another financial institution. BAPS ultimately complied with the fraudster’s change request, then began sending electronic payments to the new address. You know how this one ends up. Ultimately, cybercriminals made off with $376,213.10. The vendor was not named, but the report noted that cybercriminals had gained access to the vendor’s email accounts through a phishing attack. 

Customers Impacted: Unknown

How It Could Affect Your Business Business email compromise is the most dangerous cybercrime according to FBI IC3, 64x worse than ransomware. This is why.



The Internet Society (ISOC)

https://thecyberwire.com/newsletters/privacy-briefing/4/33

Exploit: Misconfiguration

The Internet Society (ISOC): Non-Profit

cybersecurity news represented by a gauge indicating moderate risk

Risk to Business: 2.776 = Moderate

Cybersecurity researchers recently announced the discovery of a trove of information belonging to ISOC in an unsecured Microsoft Azure blob. The blob was reported to contain contained millions of files with personal and login details belonging to ISOC members. ISOC has secured the blob but there’s no telling how long that data was exposed for or who may have seen it.

cybersecurity news represented by a gauge indicating moderate risk

Risk to Business: 1.282= Moderate

The member data exposed includes members’ full names, preferred language, the account ID, donation history, login credentials, social media tokens, email and street addresses, genders and similar personal information.

Customers Impacted: Unknown

How It Could Affect Your Business: Human error aka employee negligence is the biggest cause of a data breach because it’s what makes things like this happen.



Expeditors International

https://www.bleepingcomputer.com/news/security/expeditors-shuts-down-global-operations-after-likely-ransomware-attack/ 

Exploit: Ransomware

Expeditors International: Logistics & Freight Forwarding

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.364 = Extreme

Expeditors International was hit by a ransomware attack over the President’s Day holiday weekend that has resulted in the company being forced to shut down most of its operations worldwide. First announced by the company on Sunday night, Expeditors International warned that services and systems may be offline until they can restore them from backups. The incident could snarl supply chains globally. Expeditors International handles warehousing and distribution, transportation, customs and compliance at 350 locations worldwide.

Customers Impacted: Unknown

How it Could Affect Your Business Supply chain disruption has been the name of the game for cybercriminals and freight forwarders on land and on the sea have been constantly targetted lately



OpenSea

 https://www.cnbc.com/2022/02/20/nft-marketplace-opensea-is-investigating-a-phishing-hack.html

Exploit: Phishing

OpenSea: NFT Trading Marketplace

cybersecurity news gauge indicating extreme risk

Risk to Business: 1.282=Extreme

Online NFT marketplace OpenSea has been embroiled in controversy after a cyberattack cost investors their NFT. There’s been a lot of back-and-forth on this one. A phishing attack perpetrated on the platform’s users is purportedly to blame for the incident that has so far left more than 30 of its users unable to access their NFTs, although some claims have been made on Twitter pointing to a flaw in the platform’s code. Reports say that the attacker has made somewhere between $1.7 – 2 million in Ethereum from selling some of the stolen NFTs. An estimated 254 tokens were stolen over three hours.

Individual Impact: No information about consumer/employee PII, PHI or financial data exposure was available at press time.

Customers Impacted: Unknown

How it Could Affect Your Business Phishing is a danger to any business in any industry, and it can do massive damage as well as cost a fortune.







United Kingdom – National Health Service (NHS)

https://www.dailymail.co.uk/news/article-10531637/Tens-thousands-NHS-patients-private-medical-information-leaked-shocking-data-breach.html 

Exploit: Third-Party Data Breach

National Health Service (NHS): National Healthcare Agency

cybersecurity news gauge indicating extreme risk

Risk to Business: 2.919 = Moderate

A shocking report from the Daily Mail details the exposure of all sorts of sensitive data for thousands of patients served by the NHS. The information was exposed by an NHS service provider, PSL Print Management. Reports say that the exposed confidential files include hospital appointment letters for women’s health emergencies, test results of cervical screening and letters to parents of children needing urgent surgery. The information dates back as far as 2015, a huge no-no under data protection rules. The incident is under investigation.  

Individual Impact: No information about consumer/employee PII, PHI or financial data exposure was available at press time.

Customers Impacted: Unknown

How it Could Affect Your Business Third-party risk is a problem that will only continue growing worse for organizations as they increasingly farm out work to smaller specialty service providers.

Switzerland – The University of Neuchâtel

https://www.swissinfo.ch/eng/university-of-neuch%C3%A2tel-hit-by-cyberattack/47360432

Exploit: Ransomware

The University of Neuchâtel: Institution of Higher Learning 

cybersecurity news represented by a gauge indicating moderate risk

Risk to Business: 2.775 = Moderate

Swiss college The University of Neuchâtel is back online after a cyberattack that is likely ransomware knocked its systems out last week. The attack encrypted some systems making it impossible for students or employees to access materials and systems related to classwork. The university is unable to confirm if any data was stolen. Operations have since been restored.

Customers Impacted: Unknown

How it Could Affect Your Business Schools at every level have been battered by cybercrime since the start of the global pandemic. 




Japan – Mizuno

https://www.bleepingcomputer.com/news/security/sports-brand-mizuno-hit-with-ransomware-attack-delaying-orders/

Exploit: Ransomware

Mizuno: Sports Equipment and Sportswear Manufacturer

cybersecurity news represented by agauge showing severe risk

Risk to Business: 2.227 = Severe

Japanese brand Mizuno has experienced some business disruption after a ransomware attack on its US-based operations corporate network. The incident left the company facing phone outages and order delays as systems are restored. Customers have been left unable to place new orders or track orders in progress as well. No word on an expected timeline for restoration.  

No information about consumer/employee PII, PHI or financial data exposure was available at press time. 

Customers Impacted: Unknown

How it Could Affect Your Business Retailers have been experiencing a serious increase in ransomware attacks in the last 12 months.






1 – 1.5 = Extreme Risk

1.51 – 2.49 = Severe Risk

2.5 – 3 = Moderate Risk

Risk scores for The Week in Breach are calculated using a formula that considers a wide range of factors related to the assessed breach.




Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831