Pennyrile Technologies

Cybersecurity insurance is an industry that has seen steady growth over the last few years. Studies show that around 50% of all businesses have an active cybersecurity policy, which is a big boost from 2 years ago when that number was 34%. It’s clear to us now that cybersecurity has become a permanent factor in today’s vulnerable market. But although the rise has been steady, plenty of businesses still don’t know what they’re dealing with regarding cybersecurity insurance. Besides, this isn’t something only corporations need, but small businesses too, and there’s a lot to cover in that department. So naturally, the level of awareness regarding this type of insurance is still moderate. It gives rise to some important questions, what exactly is cybersecurity insurance, and do we really need it? What Is Cybersecurity Insurance? Cybersecurity insurance is a type of contract that businesses or entities can purchase to mitigate the financial risk of maintaining an online business. These insurance policies cover cybersecurity threats and function as a repair aid in post-attack scenarios. What this insurance does, is take care of some of the costs involved in case of a cyber-attack. The most basic of these policies will help cover elements like investigation costs or help by bringing in damage control experts. All this comes for a nominal fee the company must pay monthly or quarterly. We live in a digital world where more and more real-life applications are forming their online counterpart, and it’s no different with cybersecurity. It’s like hiring a security team to patrol your office building, except it happens online. Now, imagine there was a security breach in your company, which involved some burglars breaking in and stealing important company information. Such kind of incidents could cost you a lot in the long run. Naturally, as the company owner, you’ll want to investigate who committed the breach and possibly recover your company data. Such an investigation will cost you a massive amount. You’ll have to hire a special investigation team filled with experts who can assess the situation, detect, and fix any weaknesses in your security system, and look for a trail that leads to stolen company property. Doing all of this will add to your data breach cost. The Cost Of Data Breaches Companies incur a lot of expenses because of cybersecurity breaches, with recovery costs often ranging in the millions. And it only gets worse when it comes to cases of ransomware, with recovery expenses stretching even further. Research indicates that the average cost of a cybersecurity breach in 2021 was around $4.24 million in 2021. This year, that figure has spiked up to $4.35 million. That’s 12.7% in two years if we measure statistics from 2020. As cyber-attacks get more and more brazen, it is common for companies to chalk up millions after a breach. Even with the best cybersecurity software guarding your company’s data, there are still chances of breaches. Given the current situation, it’s a wise thing for companies to procure a good cybersecurity insurance plan. Cybersecurity insurance has helped companies reduce the cost of recovery by a significant margin. No longer will you stand alone when dealing with the aftermath of a damaging breach. Now, the insurer will also bear the cost of recovery, which is a sigh of relief for businesses and enterprises. How Does Cybersecurity Insurance Help? The world is filled with hackers looking to steal company data and exploit it for their own benefit. Companies often hold important electronic data which have been paid for or are owned by investors. So naturally, losing such data can result in the company losing the trust of its shareholders. Not to mention, it also results in the loss of customers and hampers the company’s ability to secure future revenue. A good cybersecurity insurance policy can help with the recovery process and reduce some of the negative impacts of data theft. This is especially important in the case of a ransomware attack, from which companies stand to lose tens of millions. That’s why a good cybersecurity insurance policy covers both first-party and third-party losses. First-party coverage helps the company recover from any losses that it suffers directly. Meanwhile, third-party insurance covers any losses suffered by investors, shareholders, and partner companies and takes care of lawsuit expenses. Most insurance policies for cybersecurity cover any cost related to legal assistance, investigation costs, refunds for customers, and overall crisis management. This makes having a cybersecurity insurance policy an absolute must in 2022. A Brief History Of Cybersecurity Insurance Cyber threats became increasingly prominent as businesses started relying on electronic data and cloud-based storage. Companies usually hold sensitive and valuable data, which becomes easy targets for hackers. All this culminated in the rise of cybersecurity and, eventually, cybersecurity insurance. The first cybersecurity insurance examples popped up in the 90s, during the infamous dot-com bubble. Although it hadn’t reached its current form yet, it was still available in a limited capacity. These policies initially covered data processing errors or technical glitches in online media. At this time, there was no coverage for the company itself, and it usually had exemptions for penalties, regulatory errors, or antics from disgruntled employees. Initial Rise As the internet became increasingly complex, new threats started appearing on the horizon. Soon, companies faced data theft, information breaches, unauthorized access from hackers, virus attacks, etc. This made insurers boost their services to include more coverage for such instances during the 2000s. Despite this rise in online security threats, plenty of companies weren’t too quick to jump onto the cybersecurity bandwagon. For some companies, cybersecurity insurance was more of a response to a recent attack rather than an official preventive measure. This initial carelessness led to several breaches, either due to virus-related incidents or employees going rogue. However, some companies still did not maintain reliability in insurance policies. Things got more serious when California passed the Security Breach and Information Act in 2003. According to the law, any business based in California was now

If you’re familiar with cameras, you know there are endless options when looking for a surveillance camera. Each one has different resolutions, fields of view, and installation methods. An average person will find it difficult to understand many terms associated with these devices. With the rise in criminal activity and the need for hard facts, residential and commercial establishments are keeping track of everything by upgrading their security. And you’ll find many of them investing in 4K security cameras nowadays. To understand if these devices are worth your money, you must be familiar with their features and drawbacks. So, let’s review 4K cameras and find out if they’re good enough to boost your security system. What Are 4K Security Cameras And How Do They Work? 4K security cameras are cameras with a horizontal pixel count of around 4,000. They capture video footage in the resolution 3840 x 2160 and have 8,294,400 total pixels. They are equipped with 8 megapixels (MP) and have an aspect ratio of 16:9. Because these cameras have a large number of total pixels, images have minimal chance of getting pixelated even when you zoom in. These cameras also have advanced sensors with low-light sensitivity. The resolution of 4K cameras is 4 times better than HD 1080p cameras. They are also called UHD (Ultra High Definition). By comparison, 1080p cameras have a resolution of 1920 x 1080. The cameras capture light in their field of view and store it as data in your desired storage option, be it local or in the cloud. Types Of 4K Security Cameras Like many others, 4K security cameras are available in many variants. Knowing how each type functions will help you decide which one will fit your security requirements best. Bullet Camera: These 4K cameras are cylindrical and shaped like bullets. They are primarily used for capturing high-resolution footage of a particular outdoor area. But they are also well-suited for long-distance surveillance and can work well when placed in high-traffic areas. They typically have a longer and wider range compared to dome or turret cameras. They are easy to reposition if needed but are not discreet. One of the big downsides of this security camera is that it is pretty easy to be vandalized or manually adjusted by criminals. Expert vandals can easily direct the camera in a different direction. Dome Camera: As it’s name suggests, 4K dome cameras have a dome-like circular structure. They are typically used indoors and can come in vandal-proof or resistant housings. Its field of vision is larger when compared to the bullet camera, but the quality isn’t any less. Dome cameras are also typically more discreet compared to bullet, turret, or PTZ cameras. Cons of dome cameras include repositioning them. Once installed, they don’t have the flexibility of a bullet or PTZ. The domes can also get dirty blocking the view and require cleaning. They are also prone to IR bounce where the illuminator causes the light to bounce back off the dome and into the lens, distorting the view. Turret Camera: 4K dome cameras are typically used indoors. They are smaller and more discreet than a bullet or PTZ, but not as much as a dome. An advantage over domes include their built-in IR. Because there is no dome, you don’t have to worry about IR bounce. They are also easy to mount.The big downside to the turret camera is they can be damaged more easily than a dome since they have no housing to protect to the lens. PTZ Camera: 4K pan-tilt-zoom (PTZ) cameras are versatile, and you can control them via remote. You can use them to cover an extensive area, zoom in on a particular target, or have it automatically patrol a given area looking for motion. All these processes are achieved without losing image quality. The major downside to these cameras is the high price. They typically start out at two to three times the cost of a dome, turret, or bullet camera. These cameras are also prone to malfunction as they have many moving parts. Best Applications For 4K Security Cameras 4K security cameras provide a new and better solution to documenting videos that HD cameras fail to provide. They serve as a good source of evidence whenever needed. Because they are detail-oriented, these camera systems are a convenient investment for those needing to cover large areas with minimal installation. For instance, store owners of small and medium business can have a couple of 4K cameras on prominent corners and easily acquire a broad view. Identifying facial features and details of vehicles is much easier with a 4K camera. So, places that require excellent security systems, such as large businesses and organizations, will find 4K security cameras well suited to their needs. But an HD camera system will suffice if you only need something for your porch or yard. Specifications Of 4K Security Cameras 4K security cameras can be versatile and convenient for any purpose. Features that make them exceptional include: Night Vision Nights are an active time for lawbreakers, so strong night vision becomes an essential feature. Fortunately, 4K cameras have it sorted out for you. Most of these cameras are equipped with 3D Dynamic Noise Reduction (DNR), which significantly reduces infrared-caused noise and static. You are guaranteed crisp and clear video footage no matter the time of day. In addition, most 4K security cameras come with larger image sensors. Regular cameras need a good light source to produce a quality image, but 4K cameras can work well in low light. Just make sure the sensor is large enough as the higher the resolution camera, the larger the sensor size is needed for acceptable night vision. Something like a 1/1.8″ or 1/1.2” would work great. If your security system needs more activity during the nighttime, cameras with 3D DNR will help as well. Magnification Options A 4K security camera can have one or both digital and optical zoom. These add more functionality to the security system. Digital

With more businesses making the shift to remote work, Microsoft 365 has become an increasingly popular business solution. Despite the many benefits of Microsoft 365, migrating to the platform can be a daunting task for IT departments. In this blog post, we’ll outline some of the key reasons why migrating to Microsoft 365 makes sense for businesses, as well as some tips on how to make the transition as smooth as possible. What is Microsoft 365? You’ve probably heard of Microsoft 365, but you may not be clear on what it is or how it can benefit your business. In short, Microsoft 365 is a subscription service that includes access to various Microsoft products and services, including Email, Windows 10 & 11 operating systems, and many other features like Enterprise Mobility + Security. There are multiple plans available that can be tailored to fit your businesses’ needs. Key Reasons to Migrate to Microsoft 365 Increased Productivity: One of the biggest benefits of Microsoft 365 is that it can help increase productivity by giving employees access to the latest productivity tools and features. For example, Office apps are continuously updated with new features and capabilities, so employees always have access to the latest version of Word, Excel, PowerPoint, and Outlook. Enhanced Security: Another key benefit of Microsoft 365 is enhanced security. With built-in security features like multi-factor authentication and data loss prevention, businesses can rest assured knowing that their data is safe and secure. Reduced IT Costs: Migration to Microsoft 365 can also help reduce IT costs by eliminating the need for on-premises infrastructure. Since all of the applications and data are stored in the cloud, there’s no need for local servers or storage devices. Improved Collaboration: Finally, Microsoft 365 can also improve collaboration by giving employees the ability to easily share documents and work on projects together in real-time using SharePoint Online and Teams. Tips for Migrating to Microsoft 365 Start with a Pilot Group: When migrating to Microsoft 365, it’s important to start with a pilot group first. This will allow you to test out the platform and identify any potential issues before rolling it out company-wide. Update Your Network Infrastructure: Prior to migrating to Microsoft 365, it’s important to update your network infrastructure and prep for deployment. One of many items include ensuring that your routers and switches are up to date and that your DNS settings are configured correctly. Training & Adoption: Once you’ve migrated to Microsoft 365, it’s important to provide training and support so that employees can successfully adopt the platform. There are many resources available from Microsoft, including videos, tutorials, and user guides. We can assist migrating from many different providers and platforms Needing assistance with a Microsoft 365 migration (formerly Office 365)? Pennyrile Technologies can help your business migrate to Microsoft 365 so it can enjoy many of the productivity, collaboration, and communication benefits it provides. We can assist with migrating to Microsoft 365 from multiple different providers and vendors including: Google Workspace (formerly G Suite), Yahoo, AOL, Microsoft Exchange Servers, GoDaddy, Bluehost, and many other web hosting companies. Migrating from your current platform to Microsoft 365 can have a huge impact on a business. All the employees of the organization will be impacted by the migration, so its important to keep downtime to a minimum and keep your employees online and productive. Our experts can help!  We provide free migration assistance with zero downtime or data loss with affordable flat-rate pricing and spam and virus filtering. Conclusion Migrating to Microsoft 365 can be a big undertaking for businesses but there are many benefits that make it worth doing. Some key benefits include increased productivity, enhanced security, reduced IT costs, and improved collaboration. When migrating , be sure to start with a pilot group , update your network infrastructure and prepping for deployment, and provide training & adoption resources. If you’re ready to migrate to Microsoft 365 or need assistance managing your current tenant, contact us for a free evaluation!