The Surprising Costs of Cyberattacks on Small Businesses

Posted by Stephen Palamara

Small business owners know that a vigilant cybersecurity program is expensive. Yet it is evident that cybercrime is one of the fastest growing forms of criminal activity, so defense must be a top priority. An article on the CNBC website highlighted the potentially devastating impact of a cyberattack on a small business.

https://www.cnbc.com/2019/10/13/cyberattacks-cost-small-companies-200k-putting-many-out-of-business.html#:~:text=Cyberattacks%20now%20cost%20companies%20%24200%2C000%20on%20average%2C%20putting%20many%20out%20of%20business,-Published%20Sun%2C%20Oct&text=Forty%2Dthree%20percent%20of%20cyberattacks,defend%20themselves%2C%20according%20to%20Accenture.

The article states that 43% of cyberattacks are aimed at small businesses, but only 14% of those businesses are adequately prepared to defend themselves.

“Modern IT infrastructures are more complex and sophisticated than ever, and the amount of virtual ground that we’ve got to safeguard has also grown exponentially,” explains Jesse Rothstein, CTO of online security provider ExtraHop. “From mobile to desktop interactions, cybercriminals can launch thousands of digital attacks designed to compromise your operations at every turn, only one of which ever needs to connect to cause serious disruption.”

In terms of the cost of a security breach to an organization, the article states “the consequences of cyberattacks continue to grow, with digital incidents now costing businesses of all sizes $200,000 on average, according to insurance carrier Hiscox. Sixty percent go out of business within six months of being victimized.”

The article suggests a multipronged approach to defense against cybersecurity attacks, since threats can come from internal staff as well as external sources. “It’s important to take a multi-faceted approach to cybersecurity,” explains Dan McNamara, chief technology and security officer at MedReview. “As our organization has grown, so has the number of cyberattacks it faces. … In the last two quarters alone, we saw 12 to 15 million breach attempts, many of which take place during early morning hours and weekends. [To safeguard ourselves,] we try to embrace AI and autonomous services; implement real-time cybersecurity tools; and encourage every person on staff to play a role in combating online threats.”

Adequate training for staff, in addition to advanced digital safeguards can help small businesses protect themselves from cyberthreats and thrive in an age of ongoing digital transformation.

For more information on TCC’s Security Services please visit our website https://www.e-tcc.com/security-services

State Agency Partners with TCC to take over Cloud Services & Gains Strong ROI

TCC worked with a state client and their application development partner.

Background

Cloud computing is transforming businesses across industries and creating a paradigm shift by delivering hosted services through the internet with cost benefits and business innovation. The private sector is building on cloud computing’s myriad benefits, but government organizations have also aggressively begun to capitalize on them. Increasing financial constraints have deeply affected how agencies deploy their solutions. Agencies are pressed to seek optimized business models while measuring their performance and service deliveries more closely — hence their inclination towards shared services.

TCC has worked with multiple government agencies and has proven that cloud computing boosts cost efficiency by reducing or eliminating the need for organizations to purchase equipment and build out and operate data centers. This presents a significant savings on hardware, facilities, utilities, and other expenses required from traditional computing. Reducing the need for on-site servers, software and staff can also reduce the IT budget.

Our proven methodologies in cloud infrastructure ensure seamless transition, maximum performance, and continuous optimization.

We scale to your business size, understand your needs, and establish the best course of action to ensure smart cloud decisions.

Increased return on investment

Cloud is fast becoming the new normal in both the private and public sector and organizations are moving to a cloud computing platform such as Amazon Web Services (AWS) because cloud computing increases efficiency, lowers the burden on the agency’s IT department, increases flexibility, and reduces overhead costs.

According to the AWS website (https://aws.amazon.com/cloud-migration/), there are measurable business benefits from migrating to the cloud, illustrated below.

TCC has typically saved customers nearly 30% in labor when switching to TCC from another cloud provider. 

TCC does not markup AWS expenses, rather we try to obtain AWS discounts for our clients. 

About TCC

Founded in 1996, The Consulting Consortium (TCC) is an Indiana based company that specializes in both Software Development and Managed Services making it a premier Development / Operational company. TCC has Microsoft Silver Hosting and Microsoft Silver Datacenter certifications and is in process of becoming an IBM Partner.

To find out more contact Mike Boyle via email at Mike.Boyle@e-tcc.com or by phone at 317.625.2547.

TCC Seeks a Senior Accountant

Posted by Kelly Grant, TCC Senior Technical Recruiter

Our company is seeking a high-energy, Senior Financial Accountant who will report directly to the Controller to develop monthly financial reports and assist in annual audits

Responsibilities:
• Serve as a working manager, conducting AP, AR, payroll, and general ledger functions
• Maintain supporting GL schedules and prepare account reconciliations
• Perform monthly customer billing and collections based on project and contractual guidelines
• Ownership and maintenance of QuickBooks accounting software systems including , project set ups, budgets, and employee expense reports,
• Work closely with Director of Operations on project tracking, revenue recognition, purchase requests,
• Coordinate month end closing and produce monthly reporting including statements of financial position, and project reporting
• Liaison for all banking transactions
• Assist in improving department’s processes and procedures and documentation
• Communicate effectively with internal team and external customers and partners through both written and verbal communication
• Other special projects as assigned

Skills& Educational Requirements:
• Bachelor’s degree in Accounting or related field
• 5-8 years of Accounting experience;
• Knowledge of Generally Accepted Accounted Principles (GAAP)
• Strong knowledge of Microsoft Word and Excel
• Excellent attention to detail and time management skills
• Willingness to learn
• Flexibility and ability to effectively work with all levels of the organization
• Strong work ethic and ability to handle significant work load
• Excellent verbal and written communication and organizational skills
• Strong integrity and ability to handle sensitive and confidential information
• Strong working knowledge of QuickBooks Enterprise

Available Benefits
• Medical, Dental, Vision Insurance
• Employer-funded Health Reimbursement Arrangement (HRA)
• Company sponsored 401k
• Paid Time Off

About TCC
Founded in 1996 in Indianapolis, IN, The Consultants Consortium (TCC) is an innovative solutions provider committed to designing and delivering high-value, cost-effective IT consulting services and application technology solutions for both the private and public sectors. With a team of more than 250 IT and business professionals, TCC serves clients nationwide, from state and federal government agencies to commercial sector customers. TCC is committed to providing the most cutting edge solutions, and with that, ensures they stay up-to-date on crucial certifications and affiliations. Among these are the highly accredited Microsoft Certifications.

At TCC, we know that having a strong company culture is paramount in sustaining the success and stability of the company, especially within the information technology industry. That’s why we place our focus on the people who make our success possible: our employees, partners and clients. We strive to create an environment that preserves and fosters growth while still promoting the DNA of our company.

Our core values:
• Building strong, reliable relationships with our employees, our partners and our clients
• Upholding integrity, honesty and respect
• Supporting our local community
• Encouraging continued education and development

Equal Opportunity Employer, including disabled and veterans.

State Agency Partners with TCC to take over Cloud Services & Gains Strong ROI

TCC worked with a state client and their application development partner.

Background

Cloud computing is transforming businesses across industries and creating a paradigm shift by delivering hosted services through the internet with cost benefits and business innovation. The private sector is building on cloud computing’s myriad benefits, but government organizations have also aggressively begun to capitalize on them. Increasing financial constraints have deeply affected how agencies deploy their solutions. Agencies are pressed to seek optimized business models while measuring their performance and service deliveries more closely — hence their inclination towards shared services.

TCC has worked with multiple government agencies and has proven that cloud computing boosts cost efficiency by reducing or eliminating the need for organizations to purchase equipment and build out and operate data centers. This presents a significant savings on hardware, facilities, utilities, and other expenses required from traditional computing. Reducing the need for on-site servers, software and staff can also reduce the IT budget.

Our proven methodologies in cloud infrastructure ensure seamless transition, maximum performance, and continuous optimization.

We scale to your business size, understand your needs, and establish the best course of action to ensure smart cloud decisions.

Increased return on investment

Cloud is fast becoming the new normal in both the private and public sector and organizations are moving to a cloud computing platform such as Amazon Web Services (AWS) because cloud computing increases efficiency, lowers the burden on the agency’s IT department, increases flexibility, and reduces overhead costs.

According to the AWS website (https://aws.amazon.com/cloud-migration/), there are measurable business benefits from migrating to the cloud, illustrated below.

TCC has typically saved customers nearly 30% in labor when switching to TCC from another cloud provider. 

TCC does not markup AWS expenses, rather we try to obtain AWS discounts for our clients. 

About TCC

Founded in 1996, The Consulting Consortium (TCC) is an Indiana based company that specializes in both Software Development and Managed Services making it a premier Development / Operational company. TCC has Microsoft Silver Hosting and Microsoft Silver Datacenter certifications and is in process of becoming an IBM Partner.

To find out more contact Mike Boyle via email at Mike.Boyle@e-tcc.com or by phone at 317.625.2547.