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Shadow IT is a catch-all term that includes any IT solution (i.e.: applications, software, devices, etc.) that’s not expressly approved by or known to your IT team. This often includes personal computers, smart phones and applications that your employees use on a regular basis to get their work done. With the switch to remote work,…

We’ve been using term “Digital Transformation” for years — using digital technologies to modernize existing business processes, culture, and customer experiences to meet changing business and market requirements. Pre pandemic, digital transformation initiatives were recognized as an eventual necessity but were contingent on available resources. Since the surge in remote work, cyber attacks and ransomware, and a…

A breach will affect productivity & revenueWhen a security breach occurs, companies have to hit pause, losing precious time and revenue. Lost business costs accounts for nearly 40% of the average total cost of a data breach. Significant revenue loss as a result of a cybersecurity breach is common. Studies show that 29% of businesses…

Data is essential for every business, so why are businesses failing to establish effective security postures? The cost of data breaches can be far-reaching and even permanently damage a company’s reputation or cause a business to close. Businesses must construct stronger cybersecurity strategies, and build a solid foundation for protecting the data that is critical to…

The Securities and Exchange Commission has sanctioned eight firms for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm. The firms firms agreed to pay hundreds of thousands of dollars in penalties to settle charges. All were Commission-registered…

Cybersecurity – a complex subject made simple. This blog series was created to help businesses develop a better understanding of cybersecurity from a broad perspective. In Part 3 of this 3-part series about cybersecurity essentials, we review the solutions, tools and vendors that support a robust cybersecurity program. Given the ever-changing cybersecurity landscape and the…

Cybersecurity – a complex subject made simple. This blog series was developed to help businesses develop a better understanding of cybersecurity from a broad perspective. In Part 2 of this 3-part series about cybersecurity essentials, we review the cybersecurity threats and challenges that SMBs face. Cyber threats take many forms and change at a rapid…

Cybersecurity – a complex subject made simple. In this 3-part series, we discuss the basics of cybersecurity. This series will explore the following topics to help businesses develop a better understanding of cybersecurity from a broad perspective. Why is cybersecurity important? What are the top cybersecurity threats and challenges? (Part 2) What are the tools…

Ever since the start of the COVID-19 pandemic, the concept of Disaster Recovery (DR) has received unprecedented attention. Most businesses have realized the importance of bouncing back quickly from a disruptive event. In 2020, about 80% of SMBs reported having a recovery plan in place. But are you sure your business’ data is 100% recoverable? …

Returning for their 12th year, the HFM US Services Awards celebrate providers of services and solutions to the US hedge fund industry that have demonstrated exceptional innovation, customer service and business performance over the past 12 months. The announcement of the nomination for Best IT Managed Service Provider follows a successful year for ACE IT Solutions and emphasizes the company’s…