A cyberattack and data breach can have massive consequences for your small business, and you may not really understand its potential economic and non-economic costs for your company.
What Are the Economic Costs of a Cyberattack on a Business?
An insurance survey indicates that there's a major disconnect between what many business owners think a cyberattack on their IT system will cost them and what it actually does. Fully 40% of small companies think they might lose $1,000 as a result of a cyberattack, but the real figure runs between $15,000 and $25,000.
If you own a chain of restaurants that all operate under the same business name, the use of a multi-site reporting app will help you monitor how many sales are conducted at each venue. A reporting app will provide full access to each of the business operations that are executed at each restaurant.
The Value Of Clear Records
If you usually perform an individual analysis of each restaurant's records, you may not be provided with a clear picture of how your business is doing as a whole.
Managed IT services refer to when an outside third party takes over some specific tasks for the business. There are many reasons why a company may decide to have some of their tasks handled by a third party. There are also plenty of advantages to going this route. The information below will cover some of the possible advantages of managed IT services. This may help you determine whether this is the best route for you to take with regard to your own business.