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Security is ever important in business technology, but allocating funds properly is tough. Find out the three keys to sound technical security investments.
High security in all technological processes is the objective of focus for the average business owner. However, IT security is not something you can pour money into without a system of checks and balances to make sure you are getting the most for the investment. Here is a guide to help your company make the best decisions for funds allocation, where security is concerned.
When a new security product is released, it can be desirable, but it is usually not wise to buy a brand-new security product until things settle down. If there are issues or downfalls, this will give those time to surface among those first-buying users. Likewise, kinks that are discovered are usually worked out a while after that initial release. If you can hold off on an investment in some newfangled security technology, it is best to do so. You will usually get a better-built, better-assessed product because of it.
There is always strength in numbers when it comes to making technical security investments. Necessarily, the more processes you can achieve with just one investment, the more logical an investment becomes for your company. It is better to consult overseers from multiple departments when you want to invest in a new program or platform to find out if that same investment idea will serve that area as well. For example, investing in something like facial recognition software could help the physical security department in a retail environment. Still, it could also be useful in customer service to recognize the most frequenting shoppers when they walk in the door. While it is not always possible to serve more than one need with a single software or implementation, these are things that should be considered.
Remaining capital at the end of each quarter is best used for the betterment of a company, so at the end of a quarter is often a logical time to find funds for technical security investments. If you are trying to pull funding for more substantial investments when this capital is not available, you can be left with other issues. For instance, if you spend a lump sum on a significant security upgrade and then do not have the funds remaining to deploy it, you have wasted your money.
With so many security products showing up on the market, it can be a little challenging to determine how your money is best spent for the ROI. It’s just easy to overshoot your budget and spend a lot of money on something that is not all that useful as it is to underestimate, pay too little, and not get the proper level of modern technical security. If your company struggles with making the best security investments, contact us at Network Outsource. We are a top information technology consulting company in NYC and Long Island.