Dallas, TX – In light of the recent global outage caused by a CrowdStrike update on Windows devices, ITRemedy is reinforcing its commitment to providing top-tier cybersecurity solutions for small businesses. This incident, which led to significant financial losses for many large companies, serves as a stark reminder of the importance of robust cyber protection and the need for small businesses to reassess their cybersecurity measures.
The recent report by cloud monitoring firm Parametrix Insurance highlighted the direct financial loss among Fortune 500 companies, excluding Microsoft Corp., due to the CrowdStrike outage on July 19, amounting to $5.4 billion. The healthcare sector was the hardest hit, with nearly $2 billion in losses, followed by the banking sector at $1.15 billion. Despite the severity of the incident, only a fraction of these losses—between 10% and 20%—is likely to be covered under existing cyber insurance policies.
While this incident primarily impacted larger companies, it underscores a crucial point for small businesses: the need to revisit and possibly enhance their cybersecurity insurance coverage. As cybersecurity risks continue to evolve, small businesses, which are twice as likely to be targeted by cyberattacks compared to larger enterprises, must ensure they are adequately protected.
Key Takeaways for Small Businesses:
- Enhanced Cybersecurity Measures: Small businesses must prioritize strengthening their cybersecurity infrastructure to safeguard against potential threats. This includes regular updates, comprehensive security protocols, and continuous monitoring.
- Cyber Insurance Coverage: It’s essential for small businesses to review their cyber insurance policies. Adequate coverage not only protects against financial losses but also provides access to experts who can assist with ransom demands, data breach fallout, and other critical issues.
- Expert Support: Smaller businesses often have limited IT resources. Cyber insurance policies typically offer additional services, including expert support to mitigate damage and ensure quicker recovery from cyber incidents.
At ITRemedy, we specialize in providing comprehensive IT and Cybersecurity support tailored to the unique needs of small businesses. Our services ensure that your business operates smoothly, securely, and efficiently, helping you navigate the complexities of modern IT infrastructure.
“Small businesses are at a greater risk for cyberattacks, and the fallout can be devastating,” said Webb Clark, Sr. Sales Manager at ITRemedy. “We are committed to providing our clients with the tools and support they need to protect their operations and recover swiftly from any cyber incidents.”
For more information on how ITRemedy can help protect your business with advanced cybersecurity solutions, please visit our website at www.ITRemedy.net or contact us at 972-424-6024.
About ITRemedy
ITRemedy provides IT and Cybersecurity support services designed to help small to midsized businesses and healthcare organizations operate seamlessly, securely, and efficiently. We specialize in IT support, Cybersecurity, and medical device maintenance, ensuring your technology and devices are always performing at their best. With a focus on innovation, security, and efficiency, ITRemedy helps you navigate the complexities of modern IT, keeping your business and healthcare technologies ahead of the curve.
Contact:
ITRemedy
Phone: 972-424-6024
Website: www.ITRemedy.net
