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Why Two-Factor Authentication is Better Than Single-Factor Authentication

As companies plan their cyber security with managed IT services providers in Toronto, many wonder why two-factor authentication is better than single-factor authentication at protecting their business.

A key aspect of network security is the verification of user authentication activity. Government agencies, small and medium-sized businesses, and big organizations must hold it in high regard. Having a solid user authentication system protects your business and network infrastructure (database, records, software and hardware, computers, etc.) from potential threats.

To prevent unauthorized network access, it’s usually imperative to implement authentication systems. One of the most popular authentication methods has been Single-Factor Authentication (SFA). As a result of technological advancement, which has both positive and negative effects, it has become more vulnerable. Thus, we examine SFA loopholes as well as other alternatives you can consider.

We will cover in this article why two-factor authentication is better than single-factor authentication at protecting their business as a Managed IT Services in Toronto.

Why Two-Factor Authentication is Better Than Single-Factor Authentication 3

How does Single-Factor Authentication (SFA) work?

Security methods such as Single-Factor Authentication (SFA) are typically used to control and secure network access. Using one category of credentials for verification, the method identifies and ensures that the party seeking access is authorized to do so.

In Single-Factor Authentication (SFA), passwords are the most common authentication method. In this method, users are required to enter the right username and password to gain access. In this method, the user or network administrator needs to be diligent in creating a strong password and ensuring it remains secure and unknown to unauthorized parties.

According to CISA (Cyber-security & Infrastructure Security Agency), Single-Factor Authentication (SFA) is a vulnerable authentication method. The Single-Factor Authentication (SFA) system has been vulnerable to phishing, social engineering, network sniffing, and keylogging techniques.

Businesses that use it as the main network security method are vulnerable to network compromises and other security threats. I will provide more information about Single-Factor Authentication (SFA) risks in this article, but first let’s examine the alternatives. A Managed IT Services can help select the proper security.

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How does Two-Factor Authentication (2FA) work?

In some cases, this authentication method is called two-step verification or dual-factor authentication. To perform a proper identification or verification process, a user or system administrator must provide two distinct authentication factors.

Cyber security professionals are rapidly replacing Single-Factor Authentication (SFA) with this much-improved method. By restricting access to your business network, data, and other essential resources, two-factor authentication (2FA) increases security. SFA requires only a username and password (the only factor), whereas 2FA requires a second (different) factor, such as a code (security token), fingerprint, or facial scan (biometric factors).

By making it difficult for unauthorized personnel to access the system or network, the method adds another layer of security to the verification process. As a result, a compromised password does not leave the system vulnerable since the attacker must still scale through a second factor to identify and verify themselves. Using Cyber Security Training and Dark Web Monitoring would be beneficial to help your employees.

Why Two-Factor Authentication is Better Than Single-Factor Authentication 1

How does multi-factor authentication (MFA) work?

Multi-factor authentication (MFA) is a type of two-factor authentication (2FA). Before accessing a system or network, users must provide more than one authentication factor. In addition to Single-Factor Authentication (SFA), multi-factor authentication encompasses other authentication methods.

MFA is now used by most businesses, especially for sensitive information and highly valuable data. Most password decryption methods, such as phishing, social engineering, and malware fraud, are rendered ineffective by the method’s complex security layers. Even though Multi-Factor Authentication (MFA) is not a permanent solution to these attacks, it helps mitigate them and makes it harder for unauthorized users to access the network.

How does single-factor authentication (SFA) affect security?

Single-Factor Authentication (SFA) still exposes businesses to certain risks, which can cause valuable data to be lost, compromised, or inaccessible. Single-Factor Authentication (SFA) can be used for financial accounts, company networks, databases, and computer systems.

Therefore two-factor authentication is better than single-factor authentication at protecting their business.

Is single-factor authentication (SFA) prone to cyberattacks?

With Single-Factor Authentication (SFA), attackers will have an easier time gaining unauthorized access and breaching data. Data breaches are continuously causing businesses to lose money. Your business could lose millions if you use the SFA method for your network security.

Using phishing and other methods, Single-Factor Authentication (SFA) can be easily compromised using a single factor (password or pin code). Data breaches caused by compromised or stolen credentials accounted for 19 percent of breaches in IBM‘s cost of data breach report 2022, while phishing caused 16 percent. The ease with which attackers can bypass SFA puts your business at risk of these attacks.

If you forget or misplace the required factor without any means of recovering it, Single-Factor Authentication (SFA) could result in permanent loss of access.

The Multiple Factor Authentication (MFA) process provides an alternative method of gaining access to a system or network if the single factor authentication method is not possible. Using MFA over Single-Factor Authentication (SFA) is another way to protect yourself.

Do you need assistance with multi-factor authentication?

It is crucial for businesses to move beyond Single-Factor Authentication (SFA) and move towards Multi-Factor Authentication (MFA) to avoid easy attacks and data breaches that could cost them millions.

Your business’s network security should not be compromised by not integrating a Multi-Factor Authentication (MFA) solution. Now that you know why two-factor authentication is better than single-factor authentication at protecting their business, let a managed IT services provider in Toronto help using an award-winning IT Support Services and IT Outsourcing Services with real world experience.

365 iT SOLUTIONS  is a CyberSecure Canada certified and offers many other services including Business continuity and disaster recovery (BCDR)Managed Security ServicesTech Support Services, and Cloud Services.

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Cybersecurity Is Failing and Hackers Are Winning

Ask any cyber security professional or managed IT services provider and they will all tell you that cybersecurity is failing and hackers are winning their attacks against businesses.

There has been a massive exponential growth in the cybersecurity industry over the last 20 years since the turn of the century. It has been predicted that the value of cybersecurity will nearly double again soon, according to well-known cybersecurity experts and cyber security companies. There is no question that technology, IT infrastructure, and cloud services are less secure than they have ever been resulting in a higher rate of cyberattacks from hackers and cyber criminals.

The number of hacks that occur on a regular basis has gone up alarmingly in the last few years based on managed IT services providers.  This ranges in size and scope from ransomware attacks carried out by novice cybercriminals to sophisticated cyber security breaches perpetrated by state-sponsored hackers in China, Russia, and the United States.

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There is a growing number of cyber security professionals who believe that despite the rapid increase in dollars spent on cybersecurity, it is more difficult than ever for them to determine whether it is even possible to stop all cyber attackers.

There are several other companies that publish reports identifying new hacking groups, including Kaspersky, Trend Micro, Palo Alto, Fidelis, and CrowdStrike. These all show that cybersecurity is failing, and hackers are winning. Despite this, the reports are rarely attributed to a specific country or group, mainly because modern technology makes it almost impossible to identify who is behind most cyberattacks according to cybersecurity professionals.

Many business leaders believe that cybersecurity is failing, and hackers are winning, which is a clear sign of the industry’s importance. In order to hold a successful cyber security conference, cybersecurity companies need to hire former army generals, just as defense companies need former army generals as well as look into Cyber Security Training and Dark Web Monitoring.

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Many cybersecurity products and advice are available through managed IT services Toronto, but businesses do not know what to buy because there are so many options. There is a boom in cybersecurity companies now, and the industry is experiencing a lot of growth. Symantec, Kaspersky, McAfee, and Trend Micro, some of the biggest cybersecurity companies, had to admit last year that some of the products they sold to their own customers contained vulnerabilities that could be exploited by hackers. Another example is that cybersecurity is failing, and hackers are winning. Good news is managed IT services in Toronto are proactively managing cyber security.

In North America, over 50 percent of the population does not use the internet due to security and privacy concerns.

In the opinion of a large cybersecurity company and 365 iT SOLUTIONS, internet users face several problems that go unaddressed. As a result, there are several top minds in the cybersecurity field who work for the government on programs that identify vulnerabilities in systems, which are then exploited by intelligence agencies to gather information from them. It is the zero-day vulnerabilities that are the most valuable. They allow a hacker or cybercriminal to gain access to any system then can penetrate.

As far as hacker and cyber criminals are concerned, there is no doubt that they are winning the battle against IT departments. The good guys such as Managed IT Services Toronto, IT Outsourcing Services, and IT departments are in the dark for a number of reasons, whether it is because the government is keeping what it knows to itself, or the companies are hoarding what they know. Knowledge sharing is an issue in cyber security industry. There are a lot of hackers and cybercriminals who trade ransomware on the dark net as well as tips. This resulted from cybersecurity is failing and hackers are winning resulting in an ongoing battle for Managed Security Services and Tech Support Services,

It is estimated that in just a few years from now, the millions made through ransomware will be funneled back into criminal organizations looking for ever more sophisticated ways to hack into computers. Business continuity and disaster recovery (BCDR)IT Support Services, and Cloud Services are crucial to protecting any organization.

365 iT SOLUTIONS is a CyberSecure Canada certified award-winning managed IT services provider in Toronto and offer qualified companies a complimentary data breach scan that will scan the darkweb for your compromised credentials by hackers and cybercriminals.

As a boutique Toronto IT consulting firm, We Make IT Simple!

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Data Protection and Data Privacy is Good Business

Business reputation comes with responsibility because data protection and data privacy is good for business and vital to business growth.

Data protection and data privacy are causing significant delays for up to 65 percent of businesses worldwide based on the report from Cisco Privacy Maturity Benchmark Study.

Based on Cisco Privacy Maturity Benchmark Study comparison to 39 percent of privacy-mature organizations, 74 percent of privacy-immature organizations lost more than $500,000.

Data privacy maturity and data privacy effects on business were assessed by nearly 3000 global IT security professionals, IT Outsourcing Services, and Tech Support Services across 25 countries. Data privacy delays organizations by 7.8 weeks according to 77 percent of respondents.

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Customers are increasingly concerned about the level of privacy protection provided by the products and services they purchase. Managed IT services and Managed Security Services providers understand data protection and data privacy is good business.

The survey asked respondents to rate their current privacy maturity level which is defined in five levels:

  1. Ad hoc privacy maturity level
  2. Repeatable privacy maturity level
  3. Defined privacy maturity level
  4. Managed privacy maturity level
  5. Optimized privacy maturity level

Based on the Cisco Privacy Maturity Benchmark study:

Companies with lower privacy maturity levels experienced an average delay of 16.8 weeks, while businesses with higher privacy maturity levels experienced a decrease.

Businesses with optimized privacy processes reported 3.4 weeks of delays compared with ad hoc organizations.

Geographical and industry factors seem to affect delay length.

Considering these widespread and significant delays, every company should assess its own situation to determine where customer privacy concerns may cause delays. Depending on their potential revenue effects, companies should assess the return on investment of privacy process improvements, as well as the benefits of implementing such measures on sales. This is an excellent conversation with your managed IT services provider as they understand data protection and data privacy is good business especially using Cloud Services.

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Despite growing organizational awareness, online hackers and cyber criminals continue to compromise sensitive financial and personal information. Unusual behavior may appear normal at first, making it harder to detect. There are many industry regulations to give greater control over your data. data protection and data privacy is good business hence why you need employee Cyber Security Training and Dark Web Monitoring including training as it is crucial.

Estimate revenue lost due to data protection and data privacy.

Customer service issues, inaccessible corporate policies, and IT infrastructure design issues can all cause problems. An organization must understand the cause of the problem before determining a solution. Working with your IT department, IT Support Services, or  Managed IT Services provider can help build a plan.

More mature privacy processes could have prevented data breaches.

Policy and protocol development should take place if there is no such plan already in place.

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Human behavior must be understood in addition to technical knowledge. Work with sensitive data every day, access company information on the go, and carry everything with them. Proactive employee cybersecurity awareness and practices must go beyond IT departments.

Organizations should not overlook the importance of investing in new technologies such as analytics or artificial intelligence. Business continuity and disaster recovery (BCDR) plus combining these tools with comprehensive training programs is the best way to protect organizations and customers. To drive this dual approach, we need trusted partners with deep cyber security expertise and executional skills.

365 iT SOLUTIONS is a boutique CyberSecure Canada certified award-winning managed IT services provider and Toronto IT consulting provider.

Does the darkweb have your compromised credentials, our complimentary data breach scan will check if compromised by hackers and cybercriminals.

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Most Businesses That Think They Are Secure Get Hacked

In a recent study from several cyber security professionals, most businesses that think they are secure get hacked by cyber criminals.

Approximately 75 percent of businesses have been attacked with cyber-attacks however they claim to be secure. Even though half of the organizations have experienced a cyber-attack in the past, three quarters of them feel that they are secure from cyber-attacks. A new study conducted by Juniper Research has examined the practices of cyber-security firms around the world.

Most Businesses That Think They Are Secure Get Hacked - Outsourced IT Support Toronto

Most organizations resulting in 86 percent believe that they are doing enough to mitigate cyber-attacks, which, according to 33 percent of respondents, is solely the responsibility of their managed IT services providers and IT departments when it comes to protecting their networks.

In addition, the report suggests that the real problem is not the managed IT services providers and IT departments, but rather a lack of overall organization, cyber security training and dark web monitoring planning and execution on the part of the organization.

There are more than three quarters of organizations that have a board of directors that participate in cyber-security preparedness assessments. In most companies, there is only one security executive per quarter. There are fewer than half of organizations with secure practices guidelines, but almost nine out of ten of them have continuity plans resulting in 87 percent.

In North American businesses, managed security services and cyber security is not lacking, but it is inconsistently applied, and it is not reinforced, which is one of the biggest problems faced by managed IT services providers and IT departments.

Most Businesses That Think They Are Secure Get Hacked - Managed IT Support Toronto

Most people resulting in 90 percent believe that they are safe from digital threats, but a small number of 56 percent believe that they need a plan in case their data is compromised. This is something addressed by IT Support Services.

Every business owner, regardless of the size of their business, is concerned about cyber security, since an attack can cost millions of dollars in lost data, reputation, time, and customer loyalty.

Our study shows that businesses believe they are far more secure than they are, based on their perception of the situation. The fact is that it is impossible for a business to be 100 percent safe nowadays, but there are several steps that can be taken to ensure that a business is as safe as possible and that it can recover as quickly as possible if a cyberattack occurs.

Most Businesses That Think They Are Secure Get Hacked - Managed IT Services Toronto

People are concerned about the information they hold that could be hacked the most

There is a growing concern among businesses over their credit cards and bank statements being compromised, with 78 percent citing this as their top concern. This means that people are most concerned about their credit cards and bank statements being compromised. There is even a higher number of people concerned about their credit cards and bank accounts being hacked, where 85 percent of the residents fear this will happen to them.

Most Businesses That Think They Are Secure Get Hacked - Managed IT Support Toronto

Most businesses that think they are secure get hacked, so what is the risk of being hacked?

As a result of the cyber security study including tech support services, which surveyed more than 2,400 people and it was found that consumers are also very concerned about their financial investment information falling into the hands of hackers and cybercriminals, according to the study. People are worried about this issue to the tune of 56 percent.

There are 46 percent of respondents in the US who are worried that this information will be hacked. Europe is the country with the highest concern about cyber security of this information, with 48 percent of Europeans reporting that they are concerned about the security of this information.

An international survey found that 44 percent of US consumers, 41 percent of UK consumers, and 43 percent of German consumers are concerned about the possibility of their family information falling into the hands of hackers and cybercriminals.

Among the hacks consumers are least concerned about are those that pertain to their criminal histories, web browsing histories, and dating profiles. There is a good chance that most people will not find this information embarrassing since there is a significant percentage of people who do not find it embarrassing.

Additionally, the study found that even when consumers’ personal information has been compromised, they might not always be notified directly if the data has been compromised. In each country, approximately half of the respondents who were victims of a hack said that they learned about the hack from the news that they had been hacked. Due to social media, young adults are more likely to hear about hacks like these as they use it as a source of information.

Most Businesses That Think They Are Secure Get Hacked - IT Outsourcing Toronto

Do most businesses that think they are secure get hacked and results in security breaches?

The survey found that consumers do not take adequate measures to protect their personal information, despite the increasing media spotlight on high profile hacks resulting from breaches of personal information. There is a quarter of people who change their passwords at least once a month. It has been reported that one quarter of people and 33 percent of consumers change their passwords once a year, less or never at all.

There is no doubt that the vulnerability of consumers to attacks is increasing, which is a striking trend. There is a study which suggests that more than half of people do the majority or all their banking online. Another 33 percent do most or all their shopping online as well.

Enhancing your cyber security by taking the following steps:

There is a great deal of enthusiasm among consumers to improve their online habits, which is a good thing. People who have had their personal information hacked in the past and those who shop online regularly are more likely to change their passwords than those who do not change their passwords often.

A further result of the survey was that respondents reported that completing security tasks would make them feel safer. Approximately 52 percent are more willing to spend at least 10 minutes on cyber security measures.

Especially when using Cloud Services, most respondents indicated that they would be comfortable using fingerprint ID as one of the top two security measures they would feel comfortable using. You will then be required to enter a four-digit password, an alphanumeric password, as well as a voice ID. A study carried out by the IT outsourcing services found that graphic passwords, GPS locators, and remote data erasure were much less comfortable for users.

365 iT SOLUTIONS  is an award-winning managed IT services Toronto provider and CyberSecure Canada certified.

Try our complimentary data breach scan of the darkweb resulting in compromised by hackers and cybercriminals.

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365 iT SOLUTIONS Interviewed by CBC on Employee Tracking Software

In Cross Country Checkup with Ian Hanomansing, 365 iT SOLUTIONS was interviewed on the use of employee tracking software used by employers.

Due to the pandemic, more businesses are offering hybrid work options to employees as there are questions about employee productivity from management and business owners.

Some organizations are turning toward employee tracking software for multiple reasons including the remote monitoring of remote employees work or something more positive such as controlling workflows and employee resource management.

According to December 2021 survey from Ipsos, 89 percent of people in Ontario believe the workplace has changed permanently due to COVID-19 pandemic resulting in the Ontario government needing to update its employment regulations.

The question in the show was, what are your privacy rights while working remotely?

For the full story from CBC Cross Country Checkup with Ian Hanomansing including podcast, please visit Should your boss track you online?

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There is many employee tracking software on the market for companies to choose from however many have available options that may cross the line of privacy and confidentiality.

What is employee tracking software or employee monitoring software?

Employee tracking software or employee monitoring software includes any electronic monitoring a company can do on its employees including email, scanners, printing, GPS, and website visits to included a few.

What is the best software for monitoring employees?

365 iT SOLUTIONS only recommends ActivTrak as it is an award-winning workforce analytics software designed for the modern workplace including remote users.   The software empowers business owners and management to help employees maintain healthy work habits while optimizing business processes.

365 iT SOLUTIONS Interviewed by CBC on Employee Tracking Software 2

How do you monitor employee activity?

ActivTrak keeps the lines of monitoring extremely clear for the employer and employee. It is very important to share this information with your employees as ActivTrak does not monitor keystroke logging, email monitoring, web camera access, personal device monitoring, and video recording.

Is employee monitoring software legal?

Employee monitoring software is legal in Ontario however employers with 25 or more employees since January 1st, 2022, need to prepare a written electronic monitoring policy by October 11th, 2022, for their employees.  According to the new law, employers must enforce the policy to employees within 30 days.

If an organizations employee count remains below 25 as of January 1st, 2023, they may remove the policy on March 1st, 2023.

365 iT SOLUTIONS Interviewed by CBC on Employee Tracking Software 1

What should a written electronic monitoring policy include?

According to Ontario legal experts and HR consultants, an organizations electronic monitoring policy should include:

  • Is an employer monitoring company owned electronic devices?
  • If so, what is being monitored by the company?
  • Is the company monitoring any personal devices used for business use?
  • Is so, what is being monitored by the company?
  • Organizations must provide details of how they are being monitored.
  • Organizations must provide details of what circumstances employees are being monitored.
  • Organizations must provide details on how the information through electronic monitoring may be used.

How do I tell employees about employee tracking software?

Employee tracking software is a great tool that can be used to bring your business to the next level however it is highly recommended that you offer your employee transparency, so it is not considered micromanagement.

The goal of employee monitoring software is to build open communication and trust.

365 iT SOLUTIONS Interviewed by CBC on Employee Tracking Software 2

Here are some key points on how to address employee monitoring software to your employees:

  • Transparency – Be Open and transparent about your intent with the employee tracking software.
  • Communication – Communicate about implementation and insights. Also accept employee feedback.
  • Ownership – Include your employees in the findings and solutions to find performance improvements.
  • Culture – The top three points build a success company culture for transparency and improvement.

Always reinforce these four key points for employee monitoring software.

365 iT SOLUTIONS  is an award-winning Toronto managed IT services provider and CyberSecure Canada certified.

We are a boutique Toronto IT consulting firm specializes in award winning Managed IT Services, Cyber Security Training and Dark Web Monitoring, Business continuity and disaster recovery (BCDR)IT Support Services IT Outsourcing Services, Managed Security ServicesTech Support Services,  and Cloud Services.

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Ransomware Victims and How to Respond

In this article we will cover ransomware victims and how to respond based on managed IT services providers.

Approximately half of organizations are victims of ransomware attacks more than once, according to a study of over 830 IT professionals worldwide.

  • 80 percent believe cyberattacks are on the rise
  • 40 percent report more than one cyberattacks.
  • 60 percent of unsolicited emails cause initial infection
  • 7 percent of unsolicited emails affect cloud applications.
  • In 70% of cases, multiple devices are infected, emphasizing the importance of speed-to-detection.
  • Detecting such threats takes an average of two hours for 40% of IT departments.
  • The 82% of respondents who have recovered data from backups is encouraging.

Multi-layered cyber security defense is essential to protecting your system from ransomware. Detection and monitoring of cyber threats must be automated. This affects ransomware victims and how to respond.

Data protection protects the bottom line. There’s no surprise that backups are being used to recover from ransomware attacks. Preventative planning can greatly reduce the risk of data recovery, not to mention the impact on business. This should be discussed with your managed IT services provider and IT department.

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What response should you have to ransomware?

Ransomware attacks have increased, and half of businesses have been attacked by ransomware in the past year, according to a recent cyber security study. Organizations must decide whether to pay when suffering a ransomware attack if their managed IT services provider or IT department cannot recover from backups.

What are the demands of ransom viruses?

Cybercrime-as-a-service offerings and world-class customer support make ransomware a business, restoring victims’ files quickly once the ransom is paid. It’s a service business based on bad principles, which would be celebrated as an accomplishment despite its annual revenue approaching $1 billion. The ransomware business involves affiliates redirecting exploit kits for a cut from hacker or cyber criminals.

Cyberattacks must be planned before they occur, detected, and stopped during them, and recovered from afterward.

Here are five steps to combat ransomware. This affects ransomware victims and how to respond.

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Step one. Modernize Cyber Security Defenses

While signature-based anti-virus solutions are good, they cannot prevent sophisticated ransomware attacks. They are considered a reactive approach to cyber security protection compared to next generation antivirus with building artificial intelligence. In addition, next generation firewalls with active firewall security services differ greatly from traditional firewalls. By gaining comprehensive visibility and access to extensive details on how the malware entered the organization’s environment in the first place, organizations can prepare for the possibility of a cyberattack.

Next-generation anti-malware and firewall solutions are essential in a managed IT services provider or IT departments arsenals of tools to stop ransomware attacks from hackers or cybercriminals.

Step two. Structure Your IT infrastructure

Point solutions can sometimes be effective, but not when it comes to ransomware. Ransomware and other pervasive cyberattacks require an organization’s cloud and mobile strategies.

Detection and response solutions that rely on human intervention are not only ineffective but also unaffordable due to today’s automated threats. An architecture that is secure must be automated and orchestrated.

Step three. Proactively Avoid Malware

A hacker or cybercriminal will use malware to spread like a fast-moving cold among airplane passengers if it enters the network. Organizations need to get their managed IT services provider or IT department to compartmentalize data and make malware spread harder. Your organization should use network segmentation strategies as they are crucial to cover ransomware victims and how to respond.

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Step Four. Have a Data Recovery Plan

It is unfortunate that no organization is completely immune to a cyberattack, data breach, or ransomware. When an organization is breached, it is crucial to examine how it will recover. Make sure you are backing up your data first. You must also ensure you have isolated on premises local backups and cloud backups.

Backups are only useful if you can restore them when you need them. Your managed IT services provider or IT department needs to test your backups repeatedly. In addition, file-based recovery might not be enough, so restore the whole system to ensure everything is covered.

Here are some questions to ask yourself about a ransomware attack:

  1. Can you recover from an uncorrupted source immediately if your organization is hit by ransomware?
  2. What are your potential losses or downtime?
  3. What are is the cost of various solutions to protect your organization?

There is no one size fits all solution and different data has different value to hackers, cybercriminals, and your organization.

Step Five. Decide If You Are Going to Pay the Ransom.

Finally, the big question: Should you pay the ransom from the hackers or cybercriminals?

Many organizations have a very hard time addressing this question.  This can include the types of data based on your vertical market like healthcare. Whether it is critical patient-care data that hackers hold hostage or hefty fines imposed when protected patient health information (PHI) is breached because healthcare organizations are prime targets for ransomware attacks. You need to look at the entire picture.

If you do not pay the ransom, any organization should examine its damages.

  1. Can you restore your data from a backup that is undamaged?
  2. Is the business financially and functionally able to function?
  3. Is there a short-term solution to restore rather than pay?

At the end of the day, the decision comes down to how business-critical the compromised data is to the organization. If you do decide to pay, be prepared to negotiate. Generally, you can negotiate the price down, so it may make sense not to pay the first offer.

365 iT SOLUTIONS  is Toronto’s award-winning managed IT services provider that is on of the first CyberSecure Canada certified organizations.

Our complimentary data breach scan will scan the darkweb to see if your company has been compromised by hackers.

We are a boutique Toronto IT consulting firm specializes in award winning Managed IT Services, Business continuity and disaster recovery (BCDR)IT Support Services, IT Outsourcing Services, Managed Security ServicesTech Support Services,  Cyber Security Training and Dark Web Monitoring, and Cloud Services.

We Make IT Simple!

 

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Cyber Security Protection Against Hacker Demands

Businesses continue to increase their cyber security protection against hacker demands in an ongoing battle for protection.

The world’s cyber security vulnerabilities are exploited by hackers and cyber criminals daily. Colonial Pipeline was cyber-attacked by hackers that resulted in disrupting fuel supplies along the East Coast. As part of the deal, the FBI and the company paid hackers Bitcoin to get everything online.

Even big organizations are not safe from hackers and cybercriminals. Millions of dollars were paid by companies to regain data control because of these cyberattacks. When a small or mid-sized business (SMBs) is cyber attacked by a hacker, they cannot afford to pay millions to recover stolen information. These hackers typically target financial records, statements, employees, and customers. When small or mid-sized business (SMBs) are attacked by hackers, they close their doors permanently.

As far as cyber-attacks are concerned, cyber security and cyberthreats are real problems that companies must address with their IT departments and managed IT services provider.

Cyber security practices should be implemented immediately by your IT department or managed IT services provider.

Managed IT Services Make It Easy to Protect from Hackers

There are still a lot of small or mid-sized business (SMBs) owners who believe cyber security measures are unnecessary or too expensive, despite growing awareness over the last five years. Businesses are at risk from cyber-attacks, it’s a fact. You may not need a dedicated IT team to handle your cyber needs. Hiring an MSP is the best way to protect your network.

A managed service provider can benefit any business. Using these programs, IT infrastructure weaknesses can be identified and fixed proactively. Their monthly managed IT services include round-the-clock proactive monitoring, proactive data backup and recovery, proactive firewall management, proactive network protection, proactive real-time threat prevention, and so much more to keep everything protected.  A true managed IT services provider (MSP) team can assist you with your daily IT needs and long-term planning. Managed service providers should be considered by companies even if you have an internal IT department.

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Companies Need to Make Cyber Security Protection a Priority

Cyberattacks are often caused by employee error or misunderstanding. Make sure your employees are aware of cyberattacks. Cyber security training should be provided to all employees especially new employees. Every year, you should remind your current employees to take the course at a minimum or enroll in an automatic monthly online training course.

Proactively educate your employees about phishing emails, malware, social media scams, and password protection. If you have remote employees working, make sure their devices have proactive cyber security measures. When employees are informed about the cybersecurity risks, they are more likely to detect potential cyber security threats. The cybersecure culture must be embraced by your entire team to be effective including management.

Cyber security should always be updated and ensure your cyber security is in force using proactive measures. Cyberattacks reached new heights in 2021, and these numbers are expected to rise even further in the future. Take preventive measures to cyber security protection.

Cyber Security Protection Results in Ransomware Costs

CEO of hospital receives dire warning at midnight. Hacked CT scanners, hospitals, and labs.

The hacker wants money. The hospital’s CEO enlists experts instead of paying the ransom to regain access to the system.

CEOs have a choice, they could pay $17,000 as ransom or put hundreds of patients at risk if he made their medical records and tests inaccessible, preventing doctors and nurses from accessing vital information about patients such as their history and medication dosages.

The problem is ransomware as they are devastating if you do not pay the hackers or cyber criminals.

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Cyber Security Protection and the Growing Threat

To control the entire IT infrastructure of a hospital is not hypothetical. A hospital in Los Angeles experienced this in 2016. Ransomware no longer targets only data centers and desktop computers. These cyberattacks can cripple businesses and public infrastructure.

Most executives know ransomware poses a serious threat. Messages, images, text messages, and videos can contain ransomware codes. Even though ransomware can travel through many pathways, many people do not believe they can be harmed by it, or it won’t happen to them.

Cyber criminals and hackers attack every company, regardless of size. Dental offices, college students, and hospitals can be targeted for ransoms ranging from $50 to tens of thousands of dollars. When it strikes, many executives are unprepared and scramble for a solution.

On top of that, there is unpredictability. The anonymity crypto currencies like Bitcoin attract hackers and cyber criminals. The open market fluctuates wildly. Large price swings may cause some victims to pay more than expected when using crypto currencies.

Cyber Security Protection and Should You Pay a Ransom

Buying bitcoins to pay ransomware is encouraging hackers and cyber criminals to perform more attacks on other businesses. Paying them encourages hackers to adapt to new security measures, so they have the funds for research and development into future ransomware attacks.

The result is more frequent cyberattacks on your business. When you pay, hackers see you as a profitable target. Those who are vulnerable and willing to spend money on recovery are targeted by hackers.

Paying ransomware is never a good idea and not recommended by law enforcement.

The only way to slow ransomware is to stop payments as removing payments will remove their motivation.

Defending against cyberattacks is key to preventing them and can be reduced with backups, regular patching, application updates, whitelisting, and blocking suspicious links.

365 iT SOLUTIONS  is Toronto’s award-winning managed IT services provider and is CyberSecure Canada certified

Our complimentary data breach scan will scan the darkweb to see if your company has been compromised by hackers.

We are a boutique Toronto IT consulting firm specializes in award winning Managed IT Services, Cyber Security Training and Dark Web Monitoring, Business continuity and disaster recovery (BCDR)IT Support Services, IT Outsourcing Services, Managed Security ServicesTech Support Services, and Cloud Services.

We Make IT Simple!

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IT Security IT Solutions Managed IT Services

Cloud Services Support and Business Continuity

Cloud services support and business continuity ensure your company has constant access to your data even if disaster strikes.

Cloud services support improve business continuity and uptime

Most organizations believe that having a copy of their files on an external hard drive or on a separate computer within their office is sufficient. This practice is full of potential pitfalls. In addition to disasters and cyberattacks, these devices are also susceptible to human error and cyberattacks. The business may not be able to access its backups in any of these scenarios.

Cloud backups are accessible whenever you need them. Natural disasters are not a threat to cloud servers. A cloud service provider (CSP) is responsible for keeping their servers up and running 24 hours a day, 7 days a week, 365 days a year. By implementing state-of-the-art cybersecurity measures, they can achieve this goal with redundancies, alternative servers, and alternative power supplies.

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Provisioning resources quickly and ensuring business continuity with cloud services support

To prevent spikes from occurring, cloud service providers (CSPs) will monitor the activity of users. Virtual machines and resources can be allocated as users increase.

Controlling backup frequency for business continuity

You should back up your files regularly because your employees may update them throughout the day. Thus, even in the case of a sudden outage, your files will be always up to date.

Files don’t need to be synced to the cloud. Round-the-clock backups and scheduled backups can be scheduled based on your needs. You will always have up-to-date information if you use a service that creates backups immediately after changes are made.

Flexible work setups and cloud services support

Businesses are becoming more flexible with their working arrangements, making cloud backup storage even more important. Offline storage media, flash drives, and external hard drives are only accessible by office employees. Your business may cease operations during a COVID-19 pandemic, when employees are not able to attend work.

Cloud storage accounts can be accessed from anywhere using a web browser. If your staff has an internet connection, they can access your files from anywhere.

Businesses use cloud technology to ensure their continued operations and support their growth. We can help you protect your business data with a managed cloud backup service.

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What’s next for your Managed IT services provider? Is it time to move on?

Business owners need to choose the right Managed IT services provider if they want to maximize profits.

Choosing the right managed IT services provider is crucial to meeting your IT needs. Here are some basic things you can expect from your IT service provider. Switch Managed IT services providers if you do not receive the following services from your current provider:

Email should be easier with business continuity measures and cloud services support

Prospects and customers should always be able to reach you. Wouldn’t it be unfortunate not to receive an email? Today’s information age requires emails to arrive as soon as possible. You don’t want this in the Information Age. A seamless and effortless email communication is key to success. It is best to upgrade during non-peak hours to avoid downtime.

Managed IT services providers might want to rethink switching your company to Office 365 if they haven’t done so yet. Businesses need a managed IT services providers that use the latest technology. As a result, they show their clients that they are aware of the issue and working towards a solution.

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Cloud services support and continuity

Contact your managed IT services provider as little as possible whenever you have a question. It should be possible to reach them at anytime from anywhere if needed. Slow or unresponsive providers are warning signs. These signs need your attention. An immediate IT problem, such as a ransomware attack, can end up causing more problems.

Implementing the latest hardware and software technologies to ensure business continuity and support cloud services.

For the best results for your business, you should always ensure that your managed IT services provider maintains the latest hardware and software. The number of hacking attempts in the world today is so high that you want to make sure that your server is not at risk because of outdated software or pending security updates. To ensure your business is always as safe as possible, your service provider should provide regular software updates and advice.

cloud services support provides business continuity

When it comes to cloud technology, it is crucial to have the latest software and security measures. Information technology is rapidly growing and expanding and keeping up with it is impossible.

Having a managed IT services provider that can deliver a delightful IT solution is imperative for business owners who find it difficult to manage both their businesses and IT simultaneously. And the good news is, we do just that! To meet a company’s needs and goals in terms of IT, it is the responsibility of a responsive managed service provider to keep them informed about cloud solutions that are suited to their needs and goals.

In terms of technology, your competitors are likely to surpass you in this area, so you can be sure they will surpass you in other areas as well. Don’t let your Managed IT services provider hold you back from moving your business forward if you want it to succeed.

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If your current provider is not providing you with the latest Cloud Technology or the latest server and software updates for your business, then it may be time for you to move on and find someone who can take your business to a whole new level.

365 iT SOLUTIONS  is Toronto’s award-winning managed IT services provider and is CyberSecure Canada certified

Our complimentary data breach scan will scan the darkweb to see if your company has been compromised by hackers.

We are a boutique Toronto IT consulting firm specializes in award winning Managed IT Services, Cyber Security Training and Dark Web Monitoring, Business continuity and disaster recovery (BCDR)IT Support Services, IT Outsourcing Services, Managed Security ServicesTech Support Services, and Cloud Services.

We Make IT Simple!

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IT Security IT Solutions Managed IT Services

Why IT Security Audits are Required

The business landscape has evolved over the years due to rapid advances in technology hence why IT security audits are required to keep your business safe from hackers.

Companies can become vulnerable to cyberthreats and hackers as they build their IT infrastructure. To keep your data secure, your reputation protected, and your uptime maximized, IT security audits are required. Cybercrime and new hacking techniques have steadily increased over the last decade and become a moving target.

How does an IT security audit work?

In an IT security audit, your organization’s cybersecurity measures are thoroughly evaluated by a managed IT services provider (MSP) or managed security services provider (MSSP). By performing a proactive IT security audit, you can actively assess vulnerabilities in your networks. A network penetration test will measure how well your IT infrastructure can defend against various cyberattacks and hacker by scanning for cybersecurity vulnerabilities. The results of these tests will be able to help customize security policies and achieve compliance based on the results of these tests with your IT solutions provider and IT department.

What types of IT security audit are there?

Internal IT security audit

An internal IT security audit is conducted by a company’s IT department or a managed IT services provider with a third-party auditor if in a regulated industry to determine if your cybersecurity policies and procedures are compliant.

External IT security audit

In this type of IT security audit, this is completely conducted by external auditors and managed IT services providers to ensure compliance with industry standards, government regulations, and possible industry specific regulations.

What are the benefits of an IT security audit?

An IT security audit helps your company identify key cybersecurity vulnerabilities within the organization. Your organization will be able to see where it meets and where it does not meet important cybersecurity criteria. For businesses handling sensitive and confidential personal data, IT security audits are essential for risk assessment and prevention.  Proactive cybersecurity management greatly reduces your chances of a data breach.

How does an IT security audit work?

The following areas will be examined during an IT security audit:

Security vulnerabilities in networks

Any network component that has vulnerabilities can be exploited by cybercriminals to access valuable information. Instant messages, emails, and network traffic are all examples of unsecured access points.

Controls for cybersecurity

Managed IT services providers or auditors will check the effectiveness of a company’s cybersecurity controls in this part of the audit. To do this, it is necessary to assess how well existing policies and procedures are being implemented to protect the company’s information and infrastructure as well as to determine if the proper measures are in place and that everyone adheres strictly to the cybersecurity measures.  An auditor may evaluate an organization’s existing cybersecurity policy on data breaches.

Encryption of data

In this way, you will be able to verify whether your company has controls in place to manage the encryption process effectively. When digital data is stored on site, in the cloud, on portable devices, or in transit, it must be protected and kept confidential.

Why IT Security Audits are Required 1

What about perimeter security and hackers?

Cyber security professionals are confident when it comes to perimeter cybersecurity to protect from hackers.

Here are some statistics on cybersecurity:

  • 94 percent of IT professionals feel their cybersecurity policies will keep unauthorized users out.
  • 58 percent reported their data would be secure if there was a data breach.
  • 46 percent report they only use passwords to protect their systems making it easier for hackers.
  • 75 percent of an organizations data was unencrypted by hackers.
  • 8 percent of breached companies report data being encrypted globally.
  • 68 percent report unauthorized users have access to their networks despite cybersecurity policies.
  • 55 percent of companies do not know where sensitive customer data is stored.
  • 33 percent report the do not encrypt payment or customer data.
  • 53 report their organization would not be ready to pass Cybersecure Canada

Why IT Security Audits are Required?

Cybersecurity professional understand that cybersecurity entails physical security and strategy.

365 iT SOLUTIONS  is Toronto’s award-winning managed IT services provider and is CyberSecure Canada certified

Our complimentary data breach scan will scan the darkweb to see if your company has been compromised by hackers.

We are a boutique Toronto IT consulting firm specializes in award winning Managed IT Services, IT Outsourcing Services, Managed Security ServicesTech Support Services,  Cyber Security Training and Dark Web Monitoring, Business continuity and disaster recovery (BCDR)IT Support Services, and Cloud Services.

We Make IT Simple!

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IT Security IT Solutions Managed IT Services

Why Two-Factor Authentication Matters

There is one simple cyber security option for companies to protect themselves and we will cover why two-factor authentication matters at increasing your security.

Why Two-Factor Authentication Matters 5

Here are some questions that will answer why two-factor authentication matters:

  1. How does two-factor authentication (2FA) differ from two-step authentication (2SA)?
  2. Are there better cyber security authentication processes available for your business?

This article on why two-factor authentication matters will explain the differences between two-factor authentication (2FA) versus two-step authentication (2SA) so you can make an informed decision for your business.

Businesses are more concerned about cybersecurity threats from cyber criminals and hackers rather than supply chain disruptions, natural disasters, or the COVID-19 pandemic. Businesses are ramping up their data cyber security measures because of these concerns. Two-factor authentication (2FA) versus two-step authentication (2SA) are some of the ways to cover your business from these cyber security risks. The two terms are often used interchangeable in business terms however they refer to completely different processes.

Why Two-Factor Authentication Matters 4

What is two-factor authentication (2FA)?

Security measures such as two-factor authentication (2FA) ensure that people are who they say they are when trying to access a system. The two-factor authentication (2FA) process requires users to provide two pieces of information to gain access to a system.

If your system uses two-factor authentication (2FA), you will have to provide more than just your password to log in. This may include a PIN or even a security question as your second factor authentication.  Some people use a physical token or a key fob to deliver this cyber security method. The user will be granted access to the system if they have the correct password and the second piece of information. Two-factor authentication (2FA) systems make it difficult for hackers or cyber criminals to penetrate a network because they require additional authentication information.

What is two-step authentication (2SA)?

With two-step authentication (2SA), you are able to add an additional layer of protection to the security of your online accounts. You must enter a password as well as a code that will be sent to your phone or e-mail in order to complete the two-step authentication (2SA) login process.

Adding two-step authentication (2SA) to your online accounts is one of the best things you can do to prevent them from being hacked. Even if hackers know your username and password, they need to have a code sent to their phone or email before they can access your account.

When it comes to setting up two-step authentication (2SA), there are a number of ways in which it can be done. There are some websites, like Facebook and Google, that offer two-factor authentication (2FA), or two-step authentication (2SA), to add additional security measures when users log into their account for the first time. In addition to Dropbox and Twitter, you will also need to create an authentication profile in order to use their apps. If you wish to use two-step authentication (2SA), all you need is your phone number or email address to get started with the process.

What is two-factor authentication (2FA) versus What is two-step authentication (2SA)

If you are relying solely on one-factor authentication to secure your network, then you will not be able to ensure the security of your network. If you make sure that the authentication process is secure, then cybercriminals shouldn’t be able to easily access your network. It is important for your business to consider the security requirements of your company before implementing two-factor authentication. Make sure you get the best cybersecurity advice from the experts today so you don’t have to worry about which method is the best for you.

Using technology effectively within your business can allow your business to scale to new heights and increase productivity as a result of implementing it effectively. Using the latest technology and software, you can transform the way your business operates in a completely new way. The most challenging part of starting a business is getting started. You can rely on our IT consultants to help your business make the most of digital technologies if you are not sure how to take advantage of them properly. It is our job at IT Consultant Toronto to use digital technology to enhance your business and make it more competitive.

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Cyber Security Services Toronto

The course of your business involves the handling of large amounts of valuable data, and a malicious hacker may be able to use this data to gain financial benefit or disrupt your business operations in some way. It is important to protect and secure any digital information that you may have on your systems. If you would like to improve the way your data is stored and protected, our IT consultants can help you identify weaknesses in your cybersecurity strategies.

Utilizing Cloud Services Toronto

Cloud-based services can be much more cost-effective and efficient for businesses than keeping everything in-house since they are much more efficient and cost-effective. As part of the cloud services, you will be able to access servers, storage, analytics, software, and many other things. These services are attractive to businesses of all sizes due to their on-demand availability and based on the amount of usage they generate. With the help of our IT consultants, you can choose, manage, and maximize any cloud-based services your business may need as part of its IT strategy.

Why Two-Factor Authentication Matters 1

Providing IT solutions in Toronto to businesses of all sizes

Whether they are small or large, companies of all sizes have the ability to operate, grow, and expand their businesses with ease thanks to the use of information technology. It is imperative that information technology is integrated with business processes in order to maintain a competitive edge. In order to reap these benefits, you do not need a full-time in-house IT department. Businesses of all sizes can benefit from the IT consulting services we offer. We can assist you with implementing, managing, and troubleshooting your technology solutions regardless of whether you are the owner of a chain of restaurants across the country or a small retail store that has an online presence.

Technical Support Consultants

There are many ways in which technology can help your business run more smoothly, but it can also be a source of headaches and frustration when something goes wrong. Furthermore, IT Consulting Toronto offers on-demand support to its customers in the case of ransomware attacks, disaster recovery, and other issues. Our team of dedicated professionals will respond quickly and provide you with the assistance you need, no matter what time of day or night it is.

Leading IT solutions in Toronto

There is no doubt that we have the best IT consultants in the industry. As a result of their extensive knowledge and passion for everything technological, they are able to provide our clients with the highest level of service and care as a result of their extensive experience and knowledge. Contact us today to schedule an appointment so we can discuss how we can help your business with its IT needs.

365 iT SOLUTIONS  offers award-winning managed IT services Toronto and is CyberSecure Canada certified

Our complimentary data breach scan will scan the darkweb to see if your company has been compromised by hackers.

We are a boutique Toronto IT consulting firm specializes in award winning Managed IT Services, Business continuity and disaster recovery (BCDR)IT Support ServicesIT Outsourcing Services, Managed Security ServicesTech Support Services,  Cyber Security Training and Dark Web Monitoring, and Cloud Services.

We Make IT Simple!