Cybercrime is a growing field for criminals, organized crime syndicates, and corporate espionage agents. In fact, many of the world’s top business leaders, including IBM Corp’s Chairman and CEO Ginni Rometty, point to cybercrime as the greatest threat to today’s businesses.1 Recent cybercrime statistics support that statement. In 2019, the cost of cybercrime and data breaches to the global economy is projected to reach $2.1 trillion.2
With the ongoing threat of hackers, malware, and data breaches still looming over businesses in every industry and operating in all sectors, investment in cybersecurity is at an all-time high and continues to grow.
Research by Gartner points to worldwide spending on cybersecurity to increase by 8.7% to over $124 billion in 2019.1 Still, cybercriminals have continued to carry out successful attacks, hacking into servers, stealing valuable user data, and infecting networks with ransomware.
In today’s data driven economy, it is critical for businesses to ensure their data is protected and easily recoverable in case of emergencies. According to the National Archives and Records Administration, 93 percent of companies that experience data loss and downtime for 10 or more days file for bankruptcy within 12 months.1 It is easy to see why it is important for businesses to back up their data.
More and more businesses are choosing to relocate their company servers and networking hardware out of on-site server rooms and instead are opting for third-party hosting solutions. For many companies, particularly small businesses, these are the more cost-effective options. Owners and IT managers are faced with a choice: colocation vs. cloud.
If you’ve been paying attention to information technology news, you have probably heard the terms The Cloud and The Internet of Things at least once. You may have a basic surface level understanding of what these buzzwords mean, but have you really looked into their official definitions. What about finding out how these two concepts are interconnected? Luckily, you’ve come to the right place!