Newly-Released 2018 Cybersecurity Reports Reveal Shocking Statistics

The Internet Society’s Online Trust Alliance (OTA) recently released its report about cyber crime statistics for 2018. These numbers, while startling, are only expected to continue their upward trend. OTA’s report revealed that $45 billion dollars were stolen in 2018 using various methods, including ransomware, malware and phishing. According to CPO Magazine, the overall number of reported cyber attacks were down, meaning that many of these attacks are targeting specific victims. Here are three important 2018 cyber crime statistics that were revealed in OTA’s report: 1. While the total number of ransomware attacks declined, monetary losses rose by 60%. 2. The loss of money through business email compromises rose by…

The Advantages of Using Hybrid Cloud Computing in Business

Technology changes so quickly that it can be difficult to decide which is most important for your company to invest in today. One significant trend is moving company data to hybrid clouds. According to CloudTech, a hybrid cloud can be defined as: “a mash-up of on-premises and off-premises IT resources.” Since there is no exact ratio for how much information is stored in one cloud or the other, the amount of data in each cloud (public or private) can vary. There are many reasons why companies decide to switch to hybrid cloud computing. Here are three reasons why this system can help your company. 1. Cost savings It can be…

The Threat of WannaCry Ransomware Still Continues Today

  Most people involved in the technology industry remember the destruction WannaCry ransomware brought to companies worldwide May 2017. Many major companies were hit, such as Telefonica, FedEx and Renault. With staff locked out of their files, the National Health Service in the U.K. was shut down, turning patients away.  This attack could have been a lot worse without Marcus Hutchins and Jamie Hankins, who worked around the clock. Hutchins found the answer he was looking for in the malware code; he registered the domain and made a kill switch.  Thankfully, it stood up to attacks and stopped the ransomware in two days.  While the world has not yet experienced…

How Much is Downtime Costing Your Company? The Number May Shock You.

  Though the exact number varies depending upon an organization’s operation, new reports found the average cost of system downtime to be over $8,000 per minute.  System downtime results in lost productivity, opportunities and reputations. When the system is down, it greatly affects the way your employees can conduct business and  create an unfavorable opinion of your operations for clients.  Avoid downtime, data loss, or expensive repair issues with MDL Technology’s 24/7 network monitoring service. Able to detect and report problems before they escalate, our team of experts keep your systems working smoothly through monitoring server traffic and load, hardware integrity and reliability, antivirus protection and more.  Don’t lose money…

Tips to Improve Your Company’s Security

  As technology continues to advance, it is more important now than ever to take all the necessary steps to protect your information — especially when you’re running a business. Making sure your company’s data is secure can help you avoid malware, hacking attempts and improve the overall health of your devices. It’s better to feel protected when dealing with potential financial losses — also relieving you from unnecessary stress in the workplace. Here are a few tips to help your company stay secure.    Provide awareness training Employees’ lack of awareness is often what leads to a security breach. It is vital to educate your employees about any security…