Always prepared - Data Backup and Recovery - Data Center | Toronto

Beware of the Beast

You’re cautious. You engage in proper internet security protocols. But if there's anything over the years you’ve learned, its always good to have insurance

Your clients' safety and security rest in your hands as an MSP but yet…you STILL rely on traditional security and backup providers. Relying on a traditional service provider and data backup provider is like playing Russian roulette with your client’s sensitive information. The internet has grown to be a giant forest full of wonder and information, but be careful – There might just be a Bear in there.

That Beast is lurking in the background – out of sight and out of mind.

It might rear its head as a Trojan or as a ransomware package but nonetheless. It’s out there and it’s hungry…hungry for your client’s data AND their wallets. That Bear might be a random lone attacker or it could even be a State sponsored attack but regardless, that Bear is on the hunt and he has his eye on you.

You’ll most likely never see it coming. That Bear will wait for your guard to drop and when it does; it will cost you and your clients dearly. How much exactly? It’s still hard to lay down exact figures since some entities don’t report cyber-attacks due to losing client confidence etc, but; according to experts who track the havoc that ransomware and cyber-attacks create the estimated global loss from cybercrime skyrocketed to nearly 1 trillion dollars in 2020.

Yes, we are serious. Say it with me: ONE. TRILLION. DOLLARS.

Remember, ransomware targets small and medium sized company for two major reasons – lack of security and economies of scale. Sure, the options are endless when it comes to cheap, budget low cost “security solutions” but what are you really getting and who are you really getting it from?

That’s why even though 38% of small business consider cyber security as their top priority, the fact remains that 60 % of all small business had suffer from cyber-attack in 2020. With the average cost to remediate a successful attack is $505,827.

The Beast is patient. Quietly stalking you and your clients, waiting for you to drop your guard down.

But make no mistake — it will strike, and it will strike hard.

In terms of scaling, UK's National Cyber Security Centre (NCSC) has state that the automated nature of ransomware makes them profitable through economies of scale, rather than extorting large amounts from targeted victim.

To put it in another way, hackers don't care about the size of your company. They care only about the quantity and ease of breaking in. This is a numbers game, and if they can break into more companies then they will increase their profit. As criminals continues to push the technical boundaries of ransomware, making it more sophisticated in the coming years.

Fortunately, there is insurance. When all else fails, you need a secure fallback policy

89% of small business with cyber insurance were covered by their policy.

Cyber security insurance protects your business against attacks aiming to steal your data and impact your ability to operate. From first party liability such as fund transfer frauds, and social engineering to third party liability such as privacy media liability and even property damage; a comprehensive policy protects against data breach, cyber extortion and even cover business interruption. With the average annual cost of 1K – 7K per $1M in coverage the ROI is excellent.

However, as ransomware become more rampant, the requirement for comprehensive coverage is becoming a focus.

Wait... Requirements?What are they?

Of course, requirement varies between companies, but they essentially boil down to these four questions:

  1. Do you have multi-factor authentication?
  2. Do you provide off-site, air-gapped facility for your backup?
  3. Is your backup less than 1 month old?
  4. Can you recover all of your business-critical data and systems in 10 days?

Another way to view these questions is this:

Do you frequently backup your data to a secure cloud location that have multiple authentication function?

Well, remember the traditional service provider we mentioned in the beginning? They might not fit the bill. Its time to look into something more comprehensive and holistic.

Storage Guardian’s offering with Veeam.
Our core features is defined by…

  • Events

    Everything that happens on your devices is defined as an Event. Some events are normal and expected - others are anomalies that may require attention.

  • Incidents

    Incidents are more than just anomalies. Sometimes incidents are raised as a consequence of an ensemble of events that somehow correlate to a possible issue.

  • Compliance with SOC

    Retaining logs for an extended period of time is necessary for compliance reasons. By just having the NBSIEM+, you would be in compliance.

  • MFA & Compliance

    Storage Guardian provides multi-factor authentication native to their portal. Additionally, we provide end-to-end encryption to your data that meets industry regulations such as HIPAA, SSAE 16 SOC 2, FIPS.

  • Offsite Storage

    Being fully cloud-based, the NBSIEM+ stores offsite backups of all your logs. Logs are retained for 90 days in warm storage and available for immediate analysis via a GUI. After that, they’re moved to cold storage, where retrieval is still available upon request.

  • Customization

    With NBSIEM+, you decide which logs for which devices on your network need to be collected, stored, retained, and for how long. While fully managed, the NBSIEM+ is customizable in that we can add rules which you’ve defined.

Let us show you the difference Storage Guardian will make to your business, with a free consultation and demo.

Cyber security is a scary subject, but it doesn't have to be. Put the beast on notice. Schedule your free demo right now and gain peace of mind that you are covered.



Or call us today at: 1.866.257.6224