Resources / Blog
Insights on cybersecurity, managed IT, and modern business technology.
Practical guidance from the MYDWARE team — protecting and modernising businesses across the Greater Toronto Area and Simcoe County.
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CybersecurityTen Essential Cybersecurity Insights for Business Owners in 2024
As we approach the end of the year, businesses are busy finalizing plans for 2024. While many aspects of business strategy are being addressed, one crucial area that sometimes gets overlooked is cybersecurity. It's essential to recognize that cybersecurity is not just an IT decision but a business decision that impacts your company's data security and, by extension, your clients' security.
November 21, 2023 3 min -
Cybersecurity4 Things To Do Right Now To Prevent Your Cyber Insurance Claim From Being Denied
“Thank goodness” is probably what manufacturing company ICS thought about having a cyber insurance policy with Travelers Insurance after a data breach in 2022.But after claims investigators pulled out their microscopes, they found that ICS failed to use multi-factor authentication(MFA) across all digital assets, which they had agreed to do in their policy. Travelers sued ICS and won. The policy was rescinded, and so were ICS’s feelings of gratitude, which likely evolved into worried whispers of “Oh, crap.”
September 26, 2023 4 min -
CybersecurityWarning: The Hole In Your Cyber-Insurance Policy That Could Result In Your Claim Being Denied Coverage
You’ve all heard the stats – small businesses are the #1 target for cybercriminals because they’re easy targets, with a recent article in Security Magazine reporting that nearly two-thirds (63%) of small businesses have experienced a cyber-attack and 58% an actual breach. But what many still don’t understand (or simply don’t appreciate) is how much a cyber-attack can cost you.
August 9, 2023 4 min -
CybersecurityIf I’m Going To Get Hacked Anyway, Why Bother Spending Money On Cybersecurity?
In his book The Road Less Stupid, Keith Cunningham makes this correct observation about succeeding in business: “I don’t need to do more smart things. I just need to do fewer dumb things.”
February 23, 2023 4 min -
CybersecurityGive Your Business The Protection It Needs With Cyber Insurance
Being at risk for cyber-attacks is a growing concern among small-business owners. Cybercriminals often target small businesses because they hold sensitive information and have weaker security infrastructures than larger businesses. For this reason and more, it should be no surprise that 88% of small-business owners feel vulnerable to a cyber-attack, according to a recent survey.
January 31, 2023 4 min -
Managed ITHow an IT Service Provider Can Simplify Budgeting for Small Businesses
Do you find budgeting for IT challenging? If so, you aren’t alone.
November 19, 2022 3 min -
Cybersecurity3 Times Businesses Were Denied Cyber Insurance Payouts
Cyber insurance is a type of insurance that protects businesses from financial losses that can result from a cyberattack. While it’s an essential tool for businesses of all sizes, there are some facts you should be aware of before purchasing a policy.
September 2, 2022 4 min -
Cybersecurity3 Types of Cyber Insurance You Need to Know About
As the world becomes more digitized and cybercrime increases, the need for cyber insurance is something businesses should not overlook. If your company handles, transmits or stores sensitive data, you need to know about cyber insurance.
August 29, 2022 3 min -
CybersecurityHow an IT Service Provider Can Help With Cyber Insurance
When looking for cyber insurance for your small business, you may find it hard to navigate technology and insurance jargon. There are even different types of cyber coverage and you might not be sure what you need because you’re not a cybersecurity expert. Plus, once you do have coverage, there’s always the risk of not receiving a payout in the event of an incident if you didn’t meet your policy’s requirements.
August 26, 2022 3 min -
CybersecurityDon't Fall for These Cyber Insurance Myths
As the world increasingly moves online, so do the risks to our businesses. Cyber insurance is one way to help your business recover following a cyber-attack. It covers financial losses caused by events such as data breaches, cyber theft, ransomware and more.
August 26, 2022 3 min -
CybersecurityThe Easiest Way To Disaster-Proof Your Cyber Security
Though no one would dispute the increasing prevalence of cyber-attacks on businesses in recent years, many small-business owners believe themselves and their business to be immune to such attacks. Broadly speaking, many small-business owners are likely to think that cybercriminals will go after the bigger fish. However, the fact of the matter is that cyber-attacks are crimes of opportunity, and small businesses often have access to a good amount of sensitive data without many major safeguards. In other words, they’re low-hanging fruit, ripe for the picking.
November 1, 2021 4 min -
CybersecurityHow Can Cyber Resilience Protect SMBs?
Small and Medium Businesses (SMBs) usually invest less in cybersecurity, making them easier targets for cybercriminals. Close to 30% of businesses experience a cyberattack at least once per week.
May 25, 2021 4 min -
CybersecuritySecurity - Do You Know Your Digital Risk?
Rapid technological advancement and rising global connectivity is reshaping the way the world is functioning. From higher productivity to improved customer satisfaction, technology has played a critical role in the growth of businesses across the world. However, the consequential bad news is that technological advancements have also made organizations increasingly vulnerable to digital risks. However, this does not mean that businesses must compromise on growth and advancement for the sake of security.
December 11, 2020 5 min -
CybersecurityRansomware: Cybersecurity’s Biggest Bully Yet
Can you imagine logging into your system to access your business data and being unable to do so? Talk about your worst nightmare coming true! Unfortunately, an increasing number of businesses around the world are living this nightmare with countless others coming in the line of fire, including yours. Ransomware is growing rapidly and crippling businesses worldwide, making up 27 percent of all malware incidents in 2020.
December 3, 2020 8 min
