Written by Marcel Manning on March 12, 2020 Under Who can you trust with your business technology?

Here is a Look at The Cost of a Data Breach vs. The Cost of Managed IT Services

Your customers trust you with their sensitive information, but nowadays, that trust can quickly be lost if their sensitive information falls into the wrong hands. A data breach refers to an attack on a database resulting in disclosure of and/or unauthorized access to sensitive information, such as:

Personal health information
Credit card information
Social security numbers
Corporate information
Software source code
Trade secrets
Personally identifiable information
And more

Cybercriminals use a range of tactics to infiltrate the network and access this sensitive information – from ransomware to phishing emails to denial of service attacks and everything in between. Unfortunately, cybercrime is on the rise and we’re seeing more and more companies fall victim to attacks.

The World Economic Forum States That Cyber Attacks Are Considered Among the Top Three Risks to Global Stability.

Another cyber attack happens every 39 seconds. It’s no surprise that the World Economic Forum stated that cyber attacks are considered among the top three risks to global stability. If you haven’t been breached yet, statistically speaking, it’s only a matter of time. There are ways to prevent the occurrence, such as investing in a proactive form of technology management wherein an MSP takes responsibility for the monitoring, maintenance, and support of your infrastructure.

This is known as managed IT services. You pay a flat-rate monthly fee for all of the services and support necessary to ensure less technology issues and/or downtime occur as the MSP focuses on preventing problems from occurring in the first place. They also implement a range of cybersecurity solutions to keep your network safe against any sort of attacks.

How Much Do Managed IT Services Cost? And Is It Worth the Price to Avoid the Cost of a Data Breach?

Sure, you’re paying a flat-rate monthly fee. But that flat-rate monthly fee can vary depending on a range of factors, such as which MSP you’re working with, how complex your infrastructure is, and more. As a general rule of thumb, you can expect to pay anywhere between $75 per user, per month to $200 per user, per month. On the lower end, you’ll find basic plans including monitoring, maintenance, and a few hours of support. On the higher end, you’ll find more all-inclusive plans that give you data backup, cloud services, cybersecurity, and more.

In virtually all cases, the price is entirely worth it to avoid the cost of a data breach. The Ponemon Institute’s Annual “Cost of a Data Breach’ report from 2019 found that the average cost of a data breach is $3.9 million – up 1.5% from the year prior. Companies spend approximately $150 per record lost in a data breach. Naturally, this is MUCH higher than paying for managed IT services.

Where Can You Find IT Support Leesburg Businesses Trust to Help Them Avoid a Data Breach?

Nexgentec offers the IT support Leesburg businesses trust to help them avoid a data breach. We provide managed IT services that let you rest assured knowing we’re taking the right measures to protect you against a range of cyber attacks. We offer:

Comprehensive cybersecurity solutions, including anti-virus software, firewalls, web content filtering, intrusion detection software, and more.
Around-the-clock monitoring and regular maintenance of systems, which ensures you’re never running outdated hardware or software that can be exploited.
Training for your team members to give them the knowledge they need to detect and respond to threats of all types.

Contact Nexgentec: Your Florida Cybersecurity Experts. Call (352) 234-8648

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