This is the question asked by every business owner these days. It’s no wonder, with security breaches getting more and more common, that many people are wondering how much they will be hit with in case of disaster.

It’s also no surprise that this uncertainty leads to inaction. Fewer data-breach prevention measures are taken because nobody wants to pay for something they might not need. But there are many steps you can take to better protect your business against cyber-attacks. 

The Cost of a Data Breach

According to research conducted by the Ponemon Institute, 2021 had the highest average cost in 17 years. Data breach costs rose from USD 3.86 million to USD 4.24 million, the highest average total cost in the 17-year history.

The 4 key factors driving the cost up are:

• Increased detection time for breaches because of increased complexity
• Increased consequences for data breaches due to increased sensitivity
• Increased regulatory compliance costs
• Increased remote work due to COVID-19

That means that you need to take proactive steps if you want to protect your business. The first step is understanding where your company needs protection.

Why Prevention is Important

Data breaches and cyber-attacks are not things to take lightly. Data breaches, in particular, can have huge repercussions for your company. For example, a data breach could lead to lost revenue, negative media attention, and customer loss.

You’ll often hear the term “the cost of prevention is less than the cost of cleaning up.” This phrase sums up our top tip: Prevention is crucial.

How to Prevent Data Breaches

There are many prevention measures you can take to protect your company from data breaches and cyber-attacks. 

1. Keep your systems updated

As technology changes and new threats emerge, it’s important that your systems and software stay updated as well. This will ensure they’re protected against new threats as they come out.

2. Conduct a security audit.

This is the first and most important step in preventing data breaches. You need to know what’s already in place and what needs to be fixed.

3. Improve password security.

If you’re like most people, your email account has probably been hacked at least once by now. This is because people often use passwords that are too simple or easy to guess. To keep your business safe from cyber-attacks, make sure that every employee uses complex and unique passwords and change them regularly (at least once a quarter).

4. Encrypt data when it’s not in use.

If you do encrypt your data, make sure it’s not always on. Make sure employees only access the information they need when they need it, and make sure they delete their browsing history afterward. Consider cloud encryption software for sensitive documents.

5. Perform regular backups

When hackers do break into a system, this is their last hope for stealing any valuable information – so you want to make sure that backup doesn’t exist! That means performing regular backups on a separate medium from the computer system itself – like an external hard

6. Finally, there are some programs that can help detect potential threats by monitoring for unusual behavior on your network. These programs will alert you if they find anything unusual so you can take appropriate action before any real damage is done.

The Price of Being Victimized

IBM’s Cost of a Data Breach Report found that the average total cost of a data breach is $3.86 million and moving in an upward trend. This data, in particular, validates the reason to invest in preventative data security. In 2020, the country with the highest average total cost of a data breach was the United States at $8.64 million.

The price for being victimized by a data breach is high. Not only will your business have to deal with technical issues associated with a breach but you’ll also have to manage public perception.

Conclusion

Data breaches are a growing concern for any company that stores or handles customer’s data. With the rise in cyber-attacks, it’s important to be proactive and prepared for a potential breach.

A data breach could cost your company millions of dollars in lost revenue, legal fees, and customer loyalty. Once you have a better understanding of the cost of a data breach, it’s easier to take the necessary precautions to avoid being a victim.

It’s important to be prepared and take every measure possible to prevent a data breach in order to avoid these high costs.

Outsourcing software development can be a powerful way to grow your business. But it’s not easy to find the best company for the job. There are many different providers, with widely varying levels of expertise, prices, and customer service.

There are also lots of factors to consider. You need to take into account your budget, timeframes, technical requirements, and project goals. What is your preferred language? What level of support do you need?

What is outsourcing?

Before you dive into the process of finding the best provider, it’s worth taking some time to understand what outsourcing is and why it matters.

Outsourcing software development is a process in which businesses hire outside companies or freelancers to work on specific tasks or projects. Hiring someone else to handle the work frees up your company’s resources so you can focus on other projects.

This often includes things like:

• Development services
• Testing services
• Marketing services
• Design services
• Project management

Why does outsourcing matter? There are many benefits to outsourcing software development, including:

• More time for innovation
• Focus on core business activity
• Higher quality work for less cost
• Ability to access skills not available in-house

The benefits of outsourcing software development

Outsourcing software development brings many benefits to your company. It can save you time and money, and it will give you access to the best talent in the business. It is a great option for companies that don’t have the time or resources necessary to build their own team of developers. Outsourcing also gives you access to top talent who may not be available locally for your business.

If your company needs a tailor-made solution, outsourcing is the way to go. This process will allow you to work with a company that specializes in what you need. Rely on their expertise and experience instead of having to develop those skills internally.

If you need help scaling up quickly—or just want to take some load off your plate for a while—outsource software development! You can outsource small projects as needed, or use an entire team of developers for a larger project.>>>

Finding the right company for your project

Finding the right company for your project is no easy task. There are many factors to consider and lots of providers to choose from.

It’s important that you know what you want and what you need before starting a search. This way, you’re much more likely to find the best fit for your project.

One of the first things to do is research different service providers and figure out which ones offer the type of services, quality, and support you need. You don’t want to choose a provider without knowing what they offer!

You should also be sure to ask about all costs upfront so there are no hidden charges later on down the line. You want to have an honest discussion with potential providers about your goals so they know what you expect from them on this project.

Finally, make sure they have experience in developing software applications like yours. Don’t just rely on their portfolio—talk with them about how they’ve tackled projects similar to yours in the past!

How to work effectively with a software development team

The best way to work with a software development company is to create clear, detailed documentation and effectively communicate your needs.

To start, you should write a profile of what you’re looking for: this includes budget, timeframes, technical requirements, and project goals. Next, list your operational priorities: this will help developers better understand how they can help you achieve your business objectives.

Once you’ve done these things, it’s easy to find the right software development company for your needs. You’ll be able to make a decision more quickly and easily by comparing companies based on their expertise, price range, and customer service capabilities.

Conclusion

Outsourcing software development is a great way to save time, money, and stress. And the benefits of outsourcing software development are many. If you need quality software development service at a competitive price, you’ve come to the right place. Let us show you why outsourcing is the best choice for your next project.

The IT industry is exploding with innovation and new developments. The world is quickly becoming digitalized. However, just like any other burgeoning industry, there are always challenges to overcome. One of the major challenges the IT industry faces today is data protection.

Learn how to protect yourself against data breaches and ensure your company’s data remains secure. This blog post will cover topics such as what data breaches are, methods for prevention, and steps you can take to recover after a breach.

Why is it important to secure data?

Data is the life-blood of every business. It’s what drives big decisions, and it can be a company’s most valuable asset. This means that data must be protected from all threats.

Something as seemingly harmless as a lost laptop or an infected email campaign could cause irreparable damage to any business. So, protecting data from unauthorized access, destructive malware, and other malicious cyberattacks is critical to the survival of any organization.

What are the security vulnerabilities in the IT industry?

Despite the prevalence of high-tech security measures, data breaches are still a major threat to the IT industry. The IT industry is at risk of natural disasters, power outages, and human errors.

Additionally, with so many innovative new products on the market, there is always some degree of vulnerability present in any new product.

Furthermore, companies that offer these innovative products introduce vulnerabilities into the network that they build for customers. Thus, introducing potential vulnerabilities into their own networks.

The introduction of these new products also causes problems when it comes to the compatibility of different platforms with current systems. This can lead to data breaches if not taken seriously enough by the relevant parties involved.

How to prevent data breaches?

There are many ways to prevent data breaches.

Some of the most common prevention methods include:

• Hiring a data security expert to conduct an audit of your systems and provide recommendations on how you can improve your security.

• Implementing routine tests that check for vulnerabilities in your system and fix them before they can be exploited.

• Conducting fire drills and exercises to test the preparedness of your business for a cybersecurity incident.

• Ensuring that all staff members understand the importance of data protection, and how to protect against cyber attacks.

As we mentioned earlier, there are many different types of data breaches. When you’re working with a data security expert, it’s wise to ask them about the type(s) of the breach they’re concerned about. This will help you identify any potential weaknesses in your system that need to be strengthened.

Importance of cyber-insurance

Every day, over 3 billion records are exposed in some sort of data breach. Cyber-insurance is a new form of insurance that is available to cover the costs of data breaches.

It’s important for companies to purchase cyber insurance because they won’t be able to afford the costs associated with these data breaches. It can cost up to $40,000 per violation for remediation and notification expenses alone. If your business has 500,000 records exposed in a breach, this would equate to more than $20 million worth of expenses.

Insurers offer cyber-insurance policies at various levels of coverage for costs of not only remediation and notification but also attorney fees, regulatory fines, and penalties.

Informing your employees about these policies and explaining why it is important for them to be aware is helpful as well. Employees need to know what steps they can take in order to protect themselves from a data breach as well as how much a data breach will cost the company…in terms of time and money!

Conclusion

Data is your company’s most valuable asset. It is important to protect this asset by creating a data backup plan, implementing the latest security protocols, and having cyber insurance in place.

To ensure that you are able to meet your data protection needs, you will need to evaluate the different types of protection available. 

Cloud computing has been around for approximately two decades and has plenty of data pointing to business efficiencies, cost-benefits, and competitive advantages.

Cost Savings

Easy access to your company’s data once you’re on the cloud will save time and money when it comes to project start-up. Most cloud-computing services are pay-as-you-go, which is good news for consumers anxious about overpaying for things they don’t need or desire. This implies that even if you don’t take use of what the cloud has to offer, you won’t have to spend money on it.

Security

A cloud host’s full-time duty is to closely monitor security, which is far more efficient than a traditional in-house system, in which a company must split its resources among a variety of IT problems, security being only one of them.

What are the Challenges of Cloud Computing?

To address the basic topic of what are the obstacles of cloud computing, we’ve expanded on some of their results and listed other cloud computing issues that organizations may face.

Keeping Cost in Check

Cloud computing can save firms money in most cases. However, because cloud computing services are on-demand and scalable, it can be challenging to specify and estimate quantities and costs. Fortunately, there are various strategies to keep cloud prices low, such as cost optimization through improved financial analytics and reporting.

How to integrate cloud systems into your pre-existing system?

Simply because your company is implementing solutions does not necessitate a total overhaul of its infrastructure. There are various advantages to combining current infrastructure with cloud solutions that a company adopts. Even yet, integrating systems is a difficult task. It necessitates awareness, caution, and attention to detail. Any business may benefit greatly from this storage. It boosts productivity by automating processes and lowering IT infrastructure, expansion, and maintenance expenses. None of your key business transactions will have to be halted if you have the correct plan in place.

Who is using cloud computing services?

One of the benefits of utilizing cloud computing is the ability to employ big data analytics to tap into massive amounts of both structured and unstructured data in order to extract business value.

Retailers and suppliers are now using data gathered from customer purchasing patterns to focus their advertising and marketing efforts on a certain demographic. Organizations are now adopting social networking platforms as the foundation for behavioural analytics to obtain relevant information.

The Takeaway

Cloud-based storage allows you to store files to a distant database rather than maintaining them on a proprietary hard drive or local storage device. As long as an electronic device has internet connectivity, it has access to the data as well as the software applications needed to run it. For a variety of reasons, including cost savings, greater productivity, speed and efficiency, performance, and security, cloud computing is a popular choice among individuals and corporations. For effective, reliable software solutions, visit Omreon.com.

Victims of hacking lost over $4.2 billion in 2020, in the United States alone. Hacking and malware are far from the creative pranks that they used to be. With tactics and technology advancing so rapidly, should our data security services change to meet the challenge?

What is Hacking?

At its core, hacking is the act of breaching a data system and rooting around in systems that one wouldn’t usually have access to. Hacks can take many forms and can come through a litany of weaknesses; from phishing attacks to the exploitation of network vulnerabilities. 

Once inside a system, hackers will often deploy malware, steal data, or vandalize what they can. 

How Hacking has Changed Over Time

While hacking began as a form of creative vandalism by early programmers, modern hacking has become more dangerous and destructive. Typical hacks can involve anything from the defacing of a website to the massive data breach of a significant firm. The sheer scale that modern hacks can reach makes cyberthreats a challenging obstacle to overcome. 

Why Should Our Data Security Change?

Data security services need to change because the nature of cyber threats has progressed so far. Hackers have far more ways to access data than ever before. With far more data available on the cloud than ever, even a minor breach could escalate. 

The Actual Data Hacks that Threaten Us Today

The most prominent form of hacking in the news as of late has been ransomware. This is a dangerous form of malware that encrypts a user’s files, barring them access to their own computer. A “ransom” in the form of cryptocurrency (usually Bitcoin) is demanded in exchange for the decryption key. There have been plenty of incidents of victims left keyless after payment, though. 

Another hack that has occurred quite frequently is breaches of wi-fi powered cameras. While isolated incidents of a house or two are common, several large breaches have also happened. In one incident, homes in the US and factories in China were exposed in the same hack!

The Future of Cyber Security

Given the growing interconnectivity of devices, the future of cybersecurity lies in being able to scale a defense to cover all vulnerabilities. As technology advances and new threats evolve, firms continue to develop solutions both independently and through industry organizations, such as PCI DSS. 

Data security consultancy firms have spent many years pioneering software and deployment strategies to address new technologies and the vulnerabilities they introduce. Many firms offer remote monitoring and management. 

Conclusion: Should I Seek Data Security Services?

The best advice about data security services one could offer is not to go at it alone. Omreon’s Istanbul based development team works around the clock to develop new products and services to address the changing nature of modern cyber threats. Get in touch with us today to get your free quote, and start your digital transformation!

Did you know that a quarter of executives use offshore software development teams to create applications?

The trend continues to rise as the public cloud services market expands. The IT outsourcing growth rate sits at 4.42%. With the wealth of talent available overseas, companies can now outsource to developers just as easily as onshore talent.

This article highlights the pros and cons of offshore software development.

Discover the differences between onshore, nearshore, and offshore outsourcing. Learn why you should choose the right offshore option. Then see how to select the perfect outsource developers.

Read on to join the software revolution by taking advantage of an offshore team.

What Is Offshore Software Development?

Companies can choose from three options when hiring talent to develop their applications:

• Onshore developers – based within the same region or country
• Nearshore developers – nearby/bordering countries
• Offshore developers – utilizing another country’s resources

Gone are the days of having to stick with local talent pools. Fast Internet connections and cloud computing have opened a literal world of possibilities.

It’s just as simple to hire a developer in Turkey as from your local city. From software development consultancy to programming in Python, all developers now work remotely.

The ongoing pandemic has proven that the model works. Managers have switched from a traditional physical office to a virtual space where distance is no longer a barrier.

The Pros and Cons of Offshore Software Development

Offshore software development offers all the advantages of an in-nation setup with a larger skill base.

For example, outsourcing data security to an offshore software development team lets you:

• Carry out risk assessments by industry professionals
• Identify critical business assets
• Establish effective security controls
• Access online training

Teams are no longer constrained to your local job market.

A company like Omreon offers highly skilled consultants with years of experience. From leadership and management to app development, we offer services that onshore services cannot.

Reducing overheads is another major reason to outsource your projects.

The average base salary for a software engineer in the US is $114K. Those costs cannot compete with Eastern European rates. But what about the disadvantages?

Why Should You Choose Offshore Software Development Services?

A perceived roadblock to outsourcing software development is the possible communications barrier.

However, with modern collaboration tools like Slack and MS Teams, this becomes less of an issue. Also, English is spoken by most offshore developers so the problem is a non-starter.

What about additional management and oversight?

This occurs whether your team is local or remote. When you outsource developers you have the option to manage them as you wish. Omreon even offers management professionals to oversee your projects on your behalf. 

How Do You Choose the Right Outsourcing Company?

The key to finding the perfect team is to research your options. Omreon is proud to list our previous projects on our website. Unlike other developers, we urge new clients to review our work and services before committing. 

Offshore software development is a unique opportunity for your company to invest in your future. By outsourcing your projects to Omreon, you can access our diverse range of experts. We specialize in data security, business intelligence, and software consultancy. Contact us today and discover how we can assist you.

In the tough contemporary marketplace, the right business intelligence can mean the difference between increasing your market share or losing ground to the competition.  There are several reasons why businesses are choosing to outsource their business intelligence needs to an external business intelligence consultancy. 

Here we take a look at some of the reasons why external business intelligence services could be the best option.

Expertise in Your Market

An external consultant won’t just have great generic strategies for obtaining and interpreting the business intelligence your company needs, they’ll also have expertise in what works best for your sector. Sector-specific information and practices ensure your company gets tailored intelligence that’s exactly right for your needs.

The Right Tools

Business intelligence is obtained using a variety of different software. Obtaining the software requires considerable outlay, which may mean it’s not economical for a single company to acquire it. When you use a consultancy, you’ll get access to all the information sophisticated software can provide, for a fraction of the price of purchasing it for in-house use.

Hit the Ground Running

When your business is trying to establish an effective strategic direction, there’s probably no time to drift for a few months whilst you acquire an appropriately trained and resourced in-house team to provide the business intelligence needed for informed decision-making.

Using an external consultancy enables you to get the data and insights you need rapidly, providing everything needed to steer your organization in a profitable manner.

Real-Time Data

Given that the business environment is subject to external factors that can quickly change the landscape, it’s vital that your intelligence is updated in real time. Business intelligence services will have what you need readily available, not just now, but moving forward.

A Fresh Perspective

Almost inevitably, workplace culture can mean that managers are, at times, “unable to see the wood for the trees”. This has implications in terms of growth, as there may be limiting factors holding the company back, which are too entrenched or accepted to be easily challenged.

An external business intelligence consultancy can challenge these “givens”, providing an objective, outside perspective that gives managers the insight they need to revitalize corporate practice.

Collation of Diverse Information Sources

Your organization probably already holds a wealth of information that can be of use but may not synchronize or summarize it in a helpful manner. This is where an external consultancy can add value. They will know where to look for the information you need, as well as how best to present it in a useful format.

If you want accessible, meaningful intelligence to inform your operation, a business intelligence consultancy can provide it for you.

On-going Support

Regular access to updated information provides a valuable feedback tool. Successful businesses revisit, monitor, and evaluate their operation, constantly looking for ways to do things better. Business intelligence plays a key supporting role in this process, providing the data needed to monitor the success of the current way of working, as well as provide inspiration for what needs to be done differently.To find out more about business intelligence services, contact Omreon, or take a look at our blog.