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Cybersecurity Risk Assessments- Why your Business must have one


The growing dependency on technology has resulted in a increasing number of cyber security threats. As the cyber security landscape changes, it is becoming more important than ever for business owners to look at and understand cyber security, as well as their business risks, vulnerability and how it can affect their business should they be attacked. Understanding the business risks, will help businesses make informed decisions on data and asset protection, as well as how exposed their business is. Harry Brelsford of SMB Nation sits down with John Hill writer of Why Your Business Must Have Cybersecurity Risk Assessments: Learn the Reasons WHY From 14 Cybersecurity Experts to discuss the importance of Cybersecurity Risk Assessments.

Network Management

Network Monitoring is the practice of identifying components within the network that are in need of help or problem solving. These components can include but are not limited to components, availability, latency and reachability in the network. By monitoring your network using a monitoring software it can provide real time information to the network administrator to help the network run optimally, proactively determine needs, and optimize efficiencies.

Microsoft New Commerce Experience

You may have already heard the general release of Microsoft’s New Commerce Experience (NCE) which expanded to include M365, Dynamics 365, Windows 365, and Power Platform, took place earlier this year. This is the third phase of a multi-stage transformation to offer a unified experience to both partners and customers. In this third phase of the journey Microsoft focused on delivering a new experience in the Partner Center to provide partners with more flexibility and growth.

Worrisome trends in Cybersecurity

Although cyberattacks have been around for years, in the last year we have seen a new era of cyberattacks. These attacks are more sophisticated and have cost companies billions in recovery expenses, fines and lost revenue. As companies look to protect themselves with technology, employee training, and cyber insurance, they might not be as protected as they think. Unlike traditional insurance cyber insurance does not have a standard template for insurance. Each insurance policy is significantly different, and are currently becoming harder and harder to use.

As attacks surge, Cyber Insurance Premiums hit new highs

We are seeing a major shift in cyber insurance as premiums have increased between 30% and 110%. One school district even reported a 334% increase in their cybersecurity policy. As more and more big names are breached or hit with nasty ransomware strains, many are realizing the consequences and financial stresses this can have on their company. Most experts agree its not if your company will get hit its when. As cyber-attacks ramp up threatening data and privacy, cyber insurance companies have had to raise their rates partially due to claim frequency, the severity of claims and the uncertainty of what’s to come.