How to Strengthen Your Business Defenses

Cyberattacks are already an alarming reality today, and with a 38% increase in cyber-attacks in 2023, it’s a matter of WHEN, not IF, you experience a breach. Cyber resilience is quickly becoming standard practice because this trend is expected to continue growing. Given the rise in supply chain-related cyberattacks and the fact that almost one-fifth of breaches result from a breach in a company’s supply chain partners, it should come as no surprise that company leadership and investors are demanding that all facets of their business be protected and that any organization, they do business with, is also cyber secure.

Because they can devote enormous amounts of resources, personnel, and money to surviving a cyber crisis, large companies’ stock prices may temporarily decline but quickly recover. However, small businesses with much tighter budgets and startups can be completely destroyed by a cyber breach. And the price of breaches is going up. The annual Cost of a Data Breach report from IBM states that the average cost of a data breach worldwide in 2022 was $4.35 million, which was the highest amount ever.

So, what can companies that lack the resources of their larger counterparts do to protect themselves? What can businesses that don’t have the same financial capabilities as their bigger competitors do to safeguard themselves?

As the digital landscape evolves, your business needs a cybersecurity partner that goes beyond the basics. In this blog, we’ll guide you through the crucial steps of selecting the right MSSP or MSP, ensuring you establish a robust and tailored cybersecurity program that effectively defends against an ever-changing threat landscape. Let’s get started on your journey towards enhanced cybersecurity resilience.

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