Many small to mid-sized businesses keep outdated technology because: a) it is familiar to them b) it is already paid for and c) the hardware and software are running just fine.

However, keeping this old equipment can be the ticket to putting your company in real danger. If you are still on the fence about moving forward with new technology, here are recent statistics from Microsoft and CNN that convey the risks of keeping the status quo and the rewards of moving forward.

Risks of Keeping the Technology You Have

 

  • Between 70-80% of the top ten company malware issues could have been avoided if their technology had the correct updates.
  • 61% of customers think a business is out-of-date if they are using an operating system greater than five years old.
  • PCs that are greater than four years old, lead to a productivity loss of 21 hours per month due to repairs, maintenance and security fixes required on each unit. In the long run, this can be costlier than investing in new laptops.
  • The expenditures are twice as much to fix a PC that is more than four years old than one that was purchased between the years of 2015 and 2018.
  • Other things that can happen with old units:
    • System crashes, which can amount to long downtimes
    • Decreased worker productivity as employees try to solve IT issues themselves instead of focusing on their job
    • Concern they may be a victim of a cyberattacks
    • With tighter data privacy regulations, there are legal and governmental risks your company faces if you are out of compliance.

Advantages of New Technology

 

According to The Risky Business of Outdated Technology survey completed by Microsoft, when businesses went to new systems:

  • 94% of small to mid-sized companies felt their company gained a security edge in the fight against cyberattacks
  • 66% held their IT costs were reduced
  • 54% stated IT projects were accelerated
  • 49% said new technology allowed their business to grow
  • 49% believed new equipment gave them a competitive edge

Six Key Recommendations

 

  1. Take a thorough inventory of your company desktops, laptops, tablets and smartphones, including the operating system and apps that run on them.
  2. If the OS and apps are out of date, try and upgrade them immediately. This will do two things:
    1. Identify the hardware that is a priority to be replaced because the current software levels won’t support it and
    2. Keep cyber criminals at bay for those upgraded units.
  3. Put a plan in place to decommission old hardware ASAP.
    The longer this hardware is tied to your network, the higher the risk for a cyberattack.
  4. Set all updates automatically.
    For those rare applications where it cannot be set, train employees on the importance of keeping everything current.
  5. On a regular basis, hire an outside firm like ours, to train employees about ways to identify phishing emails, risky attachments and bad URLs.
  6. Hire an outside cybersecurity agency to assess, monitor and correct any cybersecurity risks your network may have.

 

About Shellproof Security

We strive to bring enterprise-grade cybersecurity to small and mid-sized business. We understand a single breach of your customer’s data can be enough to damage your reputation and even put you out of business.  We provide the resources, procedures and training to protect your organization from the toughest cyber foes. Call us at 212-887-1600 to learn more!