During the days of low interest rates, some organizations took a scattershot approach to spending. They developed new products and services and piloted a wide range of projects, many involving new technologies. Now, organizations feel the need to take a step back and rationalize their products, processes and operations.

Various studies show that unpatched software vulnerabilities are a primary source of cyberattacks. A recent report from the Ponemon Institute found that unpatched vulnerabilities were directly responsible for 60 percent of all data breaches. Cybercriminals target known software security bugs in operating systems and applications and attack systems that haven’t been patched.

In August 2023, Toyota Motor Corp. was forced to shut down more than a dozen manufacturing facilities in Japan due to a backup failure. The company said an error during server maintenance left insufficient disk space for its production order system. Backup servers replicated the error and could not be accessed.

More technology vendors are bundling managed services with their products. The reasons are clear: Technology products are increasingly complex, and many organizations lack the expertise to adopt and use them effectively. The persistent tech shortage exacerbates these challenges.

Given the incredible speed of innovation in the IT world, it isn’t surprising that most organizations struggle to effectively implement new technologies while continuing to manage their existing ones. That’s why roughly two-thirds of all organizations in the U.S. rely on managed services providers (MSPs) for essential support.

Surging levels of cybercrime cost the global economy more than $8 trillion in 2022 — and most experts think the worst is yet to come.

Ninety-three percent of cybersecurity leaders and 86 percent of business leaders believe that a “far-reaching, catastrophic cyber event” is likely to occur within the next two years, according to the World Economic Forum’s 2023 Global Cybersecurity Outlook.

In the rapidly shifting world of business technology, new workloads, complex network requirements and evolving cyber threats can overwhelm resource-constrained IT organizations. That’s why an estimated two-thirds of U.S. businesses partner with managed services providers (MSPs) to keep their IT environments operating at peak efficiency.

Small to midsized businesses (SMBs) are the bedrock of the global economy, representing 99 percent of all businesses worldwide and generating approximately 70 percent of the global gross domestic product. While they are often the most vulnerable in times of economic uncertainty, most remain committed to making judicious technology investments that build long-term business resilience.

Unprecedented business, economic, social and geopolitical challenges are contributing to a perfect storm of cybersecurity risks, but few organizations have the resources necessary to deal with the fallout. As cybercrime reaches all-time highs, a new study finds that the global cybersecurity workforce must grow by 72 percent to effectively address the crisis.

Network reliability has never been more important. Organizations across all industry sectors are increasingly dependent on their networks to extend connectivity to highly distributed remote workers, cloud services, edge devices and IoT infrastructure. Meeting those demands often requires upgrading legacy hardware-centric networks to more cloud- and software-driven environments to accommodate growing volumes of users, devices and traffic.