10 Reasons Why Businesses Need Password Management

Password security is one of the most basic yet valuable aspects of protecting your business. Your company’s security relies heavily on the quality of your passwords and how you manage them. Therefore, people must choose strong, unique passwords and regularly change them to minimize the risk of hacking. That is why businesses need to choose a great Password Management tool.

Password Management is risky and tedious with the increasing number of accounts we have. Businesses need a strong password solution for data security. If you don’t have one, here are 10 compelling reasons to get a password manager soon.

We Need Password Management to Enhanced Data Security

A password manager comes with many features that can dramatically increase the security of your business. It can generate passwords that are virtually impossible to decipher. They can store these passwords in secure locations in the cloud. Password Management tools also come with multifactor authentication.

Regulatory Compliance

No matter what industry, businesses need to comply with data security regulations. There is the Payment Card Industry Data Security Standard, or PCI DSS, for instance, and the General Data Protection Regulation, or GDPR. A password manager ensures compliance with these and other relevant laws.

Fewer Passwords to Remember

The stress that employees experience can increase because they have to remember dozens of passwords for the various accounts they use at work. With the Password Management tool, there is no need to remember all these passwords because the program can auto-fill them for you.

Improved Work Productivity

With fewer things on their mind and fewer worries about forgotten passwords, employees can focus more on their actual job responsibilities. Overall work productivity will improve, ultimately leading to better business performance.

Authorized Password Sharing

For accounts where multiple individuals have access, password managers allow these entities to share passwords without compromising security.

Security in Remote Work

With most businesses now using a remote or hybrid work setup, there is much security concern when accessing business accounts from home or public networks. Through tools like high-level encryption, a password manager can guarantee the security of your business network, even with a remote workforce.

We Need Password Management For Better Digital Estate Planning

When the owner dies, the inheritors can refer to the digital estate plan to determine what to do with the digital assets. However, they have a hard time gaining access to the accounts because they do not know the passwords. But if you use a password manager now, this can be incorporated with digital estate planning, making for a hassle-free transition of the business in the owner’s event’s passing.

Centralized Control

The larger the business is, the more complicated password management can get. A password manager program gives IT control over password generation and employee access.

Financial Savings

It’s not the first thing you would think of, but password managers can save you extra expenses. They help save businesses by reducing the time employees spend retrieving forgotten passwords.

We Need Password Management for Business Continuity

In case the business suffers a disaster, like a data breach or a natural calamity, a password manager helps ensure business continuity amidst the recovery process by giving you secure access to all your login credentials.

Final Thoughts on Why Businesses Need Password Management

If these reasons still don’t convince you to get a password management system right away, we encourage you to Download our Free Password Management Cheat-Sheet. You will discover more about password management and other cloud-based solutions that apply to businesses.

If you are ready to take the next step, call us—our team is always here to help!

Why Are Managing Passwords So Hard?

We do most of our business online—emailing, shopping, banking, and much more. But before you take any action, you must log in with a name and password. It’s pretty routine, but with the rapidly growing number of online services that require passwords, it can get increasingly difficult when we are managing these passwords.

Managing Passwords Can Be Difficult

We all know that passwords are necessary to ensure that only you will access your accounts. But managing passwords can become somewhat hard, especially when you already have so many that you need to remember, and we can all relate to this, right? Here are some reasons why password management is a challenge.

Too Many Passwords to Remember

Many people write their passwords in a notebook or digital file. Others have high confidence in their memory and choose to memorize them. This would work well for passwords you use frequently, but for those you seldom use, you will probably forget it when you need it next.

Constant Password Changes

Changing passwords every so often will help ensure the security of your accounts. With all the changes, it is easy to become confused, especially if you forget that you have already changed the password and the one you remember was the old one.

Need for Unique and Complex Passwords

Because of the frustration of remembering so many passwords, most people use the same password across different accounts. We can’t emphasize enough just how dangerous this practice can be! The moment one of your accounts gets infiltrated, the hacker will have a field day because they can access all your other data! Thus, there is an absolute need for different passwords for each of your accounts. This is crucial for security but does make managing passwords a bit more of a challenge.

How Managing Password Applications Can Help

There is something that you can do to manage your passwords better while enhancing their security at the same time. It is done by using a reliable password management application.

Password managers are commonplace these days, but you have to choose carefully. Consider the level of security they offer, the ease of use, and their suitability for the needs of your business. We have listed five of the top password managers in last week’s blog, which you can read here.

Alternatively, you can take advantage of modern technology that enhances data security and user experiences, like biometric login and multi-factor authentication.

Biometric Login

Biometrics is a modern way of logging into an account where you no longer need to enter a password. Instead, a physical trait that is particular to you serves as proof of your identity. Fingerprints are the most commonly used, but some applications also use other biometrics like facial recognition, voice recognition, and iris matching.

Multifactor Authentication

Along with a traditional password, this login method requires additional proof of identity before allowing access to an account, thus multiplying your protection from unwanted access.

Importance of Managing Passwords in Digital Estate Planning

Biometric login and multi-factor authentication are valuable for improving security for businesses, but they can also spell new problems, especially regarding gaining access to your business passwords after the owner’s death.

Let’s say the successor or inheritor of the business gets possession of the computers, gadgets, and so on. If all accounts are set up for biometric login using the owner’s attributes, getting access to the business accounts can prove very difficult. Hence, despite these modern tools, efficient password management should still be implemented.

We invite you to Watch our Cloud Webinar and discover some new insights on the topic. You can also learn about managing passwords, which can add to protecting your business information.

Best Password Management for Businesses

The best password management is important for businesses. If your passwords are weak or not stored in a safe location, hackers can easily penetrate your system, causing a myriad of damage to the company, your clients, your customers, and who knows what else. You don’t want that to happen!

Fortunately, there are now a lot of reliable password management solutions that are ideal for business use. Some are browser-based, while others are applications you can download onto your computer or smartphone. But if you want the best password management solutions, go with those based in the cloud.

Advantages of Cloud-Based Password Managers

Cloud-based password managers offer more in terms of both safety and convenience, as compared to all the other kinds.

Many people are still hesitant about using cloud technology because of safety concerns. They think cloud solutions are more susceptible to cyberattacks since they are “out there” instead of being in your office. But with the highly advanced encryption methods most cloud providers use, your passwords will be safer on the cloud than on your own servers.

As for convenience, a password manager company that uses cloud technology gives you easier access to your passwords. You can get into it on any device, no matter where you are, as long as there is an internet connection.

Top Best Password Management Solutions for Businesses Today

As mentioned earlier, there are many business password manager programs that are available these days. But we want you to experience only the safest and most reliable programs for your business. That is why we focused only on cloud-based password managers as we scoured the web for the five best solutions you can choose from.

LastPass is one of The Best Password Management

As an all-inclusive password management tool, LastPass offers many features and services that boost the security and overall management of your business login information. Some of their most popular features are password generation, auto-fill, and on-cloud storage. They use multi-factor authentication for added security.

Dashlane

Second on our list is Dashlane which, besides the same password generation, auto-fill, and storage features, also provides dark web monitoring. This service will immediately notify you if your login information becomes compromised. It also has a secure VPN service that makes for a fast and secure connection no matter where you are.

1Password

If you are looking for a business password company that will do much more than generate strong passwords for you and store them in a secure cloud location, 1Password is a great solution to try. They take password management to the next level by using AES-256-bit encryption to protect your data, and their vigilant monitoring will alert you as soon as they detect a breach or even the existence of a weak or duplicate password in your system.

Keeper

One of Keeper’s features is the many security layers it offers. Ideal for both business and personal use, Keeper uses end-to-end encryption to protect your credentials. They combine AES-256 with PBKDF2 encryption,   an advanced technique used only in top-security networks, making your data virtually untouchable by hackers.

RoboForm

RoboForm proves you don’t have to spend thousands of dollars to enjoy top-quality security for your passwords. With one of the most affordable subscription rates available today, RoboForm does not offer as many features as some of the more expensive options. However, they provide solid password auditing, auto-fill, and multi-factor authentication, which will more than keep your login credentials adequately protected.

Final Thoughts For Choosing The Best Password Management

Choose a password manager that fits your business needs. When considering software, it is important to prioritize security, compatibility, ease of use, and compliance. Make sure the rules are followed with regulations that apply to your industry, like the GDPR or the PCI DSS.

For password tips and tricks, Download our Free Password Management Cheatsheet. If you’re not already using it, passwords are safer in the Cloud! Also, watch our cloud webinar about password safety and management. We are just a call away if you need any advice or help with password management!

Why Businesses Need Password Management

As digital technology becomes more advanced, so do the risks of online security breaches. Cyberattacks continue to be a problem, so businesses need to implement reliable security measures now more than ever. There are many security solutions available. One of the simplest yet most effective is a first-rate password management solution.

What Is Password Management?

Password management is a general term that refers to the steps a business uses to keep passwords secure. It includes everything about passwords, from knowing how to pick a good one all the way to using advanced software to store and regularly update all the passwords.

We all know how important it is to choose passwords that are hard to decipher and to make sure no one knows your passwords. But this is easier said than done. It happens very often that people forget passwords. For this reason, you might have a digital file where you keep all your passwords, or you might write them in an actual notebook. However, these kinds of password storage solutions are not very secure. This is where password managers come in.

Why Using a Password Manager Is Necessary for Businesses

Every business would benefit from a password manager, especially if the operations and transactions happen online. There are a few different managers in use today: browser-based, portable, desktop-based, or cloud-based. Of these, the latter is the most highly advisable and necessary for business use with password management. Why so? Here are some excellent reasons.

You don’t need to remember every password you have

Practically everything we do online requires us to log in for security reasons. This means the average person today would have at least a dozen different passwords to remember. Perhaps you can use the same password for all accounts so you will have fewer to remember, but that is not secure.

With password management, you don’t have to remember so much because the software will remember it all for you. This allows for less clutter in your mind and, ultimately, higher work productivity. One password you have to remember is the one to log into the password manager.

You can access your passwords from anywhere

Since we store the password manager in the cloud, you can access it from anywhere that you have internet access. It’s not just you, either. Any individual with permission will also be able to get access to the passwords.

Password management gives you more security

As with many cloud services, a cloud-based password manager comes with dependable security features that you can trust. Also, if you use the password manager to generate passwords, it will give you something more secure than your birthday for a password. It will generate complex combinations that are virtually impossible to crack.

An Extra Boost of Security

A password manager is of great help in terms of convenience and security. But there are other modern solutions that you can take advantage of as a business owner to ensure your data is secure. One solution today is using biometrics as an alternative login method.

Biometrics uses physical attributes, like fingerprints, facial recognition, or voice recognition, that are unique to the individual, making it impossible for anyone else to access their account.

Another way to elevate password security is via multi-factor authentication. The added layers of verification will reduce the chances that unauthorized individuals might get in.

Protect Your Business by Protecting Your Passwords

To help you understand further the importance of password management in business, we invite you to Watch our Webinar on Digital Estate Planning and why Password Management is a must. It seems like such a minor thing, but keeping your passwords protected is essential to the overall security of your business. Call us today so we can get started!

10 Reasons Why Businesses Need a Digital Estate Plan

In the last two weeks, we have talked about digital estate plans and why it is crucial for businesses today to have one. Since most business data is now stored digitally, it makes sense to protect these digital assets in the event the business owner passes away.

If you still don’t have one and are still on the fence about whether creating one is worth your time and effort, we have listed 10 excellent reasons to encourage you to get started soon.

1. Protection of Digital Assets with a Digital Estate Plan

This step is the primary purpose of planning—it ensures that your business and all its digital assets are adequately protected after the owner dies, especially if they are the only ones with access to the business accounts and other online information. Instead of being lost in cyberspace, they will pass the digital assets on to the owner’s chosen successor.

2. Business Continuity with a Digital Estate Plan

The death of the owner doesn’t mean the end of the business. With a well-prepared digital estate plan, you can show your long-term goals for your business and assign individuals to carry on these goals. Hence, your business can continue to prosper years after you are gone.

3. Better Control of the Business

Sometimes a business may carry on after the owner’s passage, but in a direction that differs from what the owner had originally intended. You can prevent this so your business follows your intended path by specifying how you want your digital assets managed in the digital estate plan.

4. Legal Compliance

The law requires businesses to follow specific regulations regarding data protection and privacy. Compliance with these legal requirements is one of the high-priority items in a digital estate planning checklist. When creating your plan, check for local regulations that might apply to your business.

5. Intellectual Property Protection

Most businesses own several digital assets that are intellectual property. These include company logos, brand names, trademarks, and patents. Digital estate planning ensures the protection of all these intellectual properties by enabling the business owner to decide on the manner of their eventual management or distribution.

6. Identity Theft Prevention through Digital Estate Plan

When a business owner dies, the company’s digital assets might become susceptible to data breaches or identity theft unless there is a proper delegation of management roles, which a digital estate plan can help ensure.

7. Dispute Prevention

Just like in a regular will, those left out sometimes fight over the inheritance. The same can happen in a business when the owner passes. As a business owner, you can prevent these kinds of disputes by creating a digital estate plan that shows the roles you want your business partners, stakeholders, and family members to play in the business after you have gone.

8. Tax Liability Reduction

Turning over the ownership of a business can come with hefty taxes, but a plan can significantly help reduce these taxes.

9. Legacy Preservation

Even if you completely trust your successor to do well in your business, it is still something else to preserve your legacy after your death. A plan lets you specify the direction you want to go with your business and gives your successor a guide on managing the business how you would have wanted them to.

10. Smooth and Seamless Transition

With everything laid out in the plan, transferring ownership can go on without hiccups. There will be no wasting of time, money, and other resources. All that has to happen is the execution of the estate plan.

Create Your Digital Estate Plan with Our Help Today

There they are – 10 compelling reasons to prepare a digital estate plan for your business. If you are ready to take the next step, we are always here to assist in any way we can.

For more information, download our free Digital Estate Planning Checklist and Password Cheat Sheet right here. Contact us if you have questions! We will help you ensure that your business stays protected, now and after your passing.

A Step-by-Step Guide to an Effective Digital Estate Planning

In our previous blog, we began talking about the digital assets of a business—what they are, why they are vital to the business, and how to protect them. We have also mentioned how important it is to protect them even after you, the business owner, have passed away, through effective digital estate planning.

A digital estate plan will give authorized people access to business accounts, and all other restricted aspects of the business when you are no longer around or have become incapacitated. But how does one create an effective digital estate plan? It’s not something that you do every day. What are the things to include? How can you guarantee that the business you have worked so hard to build can go on properly? Here are the important steps that you need to take.

Take an Inventory of All Your Digital Assets

First, you need to create a list of all the digital assets of your business, which might encompass a wider range than you think. These are all the digital files that have value for your business, from photos and videos of your products to transaction records and everything in between. It also includes all accounts you maintain for your business. Taking inventory of your assets is an effective digital estate plan.

Decide How to Manage Your Digital Assets

For each item you have listed, you must specify how to proceed with it after you pass. Who will have access? What should be done with them? How do you want them managed? It is important to be clear and concise in leaving these instructions because they will be followed when you are no longer around to make clarifications.

In selecting your designated backup person, the one who will have control over the digital assets of your business when you cannot do so, pick one who is both capable and trustworthy. In addition, they should also be well-versed in the operations of your business.

Keep an Updated List of Passwords for an Effective Digital Estate Planning

Practically everything now is online and requires a login name and password. It is crucial to keep all of this login information in a place that is not only completely safe but also accessible to authorized entities when the time comes.

A great way to store your passwords as an effective digital estate plan is by using a password manager. Here, you can safely store any online credentials. It also conveniently allows any authorized entity to access the login information. With a password manager, you can also easily update the saved passwords whenever you change them.

Strengthen Your Digital Security

When a business owner passes away, there will be quite a few entities with a vested interest in the business. This people will try to get their hands on it. They might think that since the owner has died, no one would watch the gates, and getting in would be easier. This would not be true if you increased your data security as early as now.

Multi-factor authentication is one of the most popular methods people are using today as a login procedure. This is because it can add a robust layer of security to any account. Besides traditional passwords, you should also activate the use of one-time passcodes. This is to ensure that only authorized individuals will gain access to your digital assets.

Final Thoughts for an Effective Digital Estate Planning

Preparing in the event of death is no different with a company’s digital estate. To help you prepare for the inevitable, we have created a Digital Estate Planning Checklist and Password Cheat Sheet that you can download for free.

This guide contains a lot of useful information that you would need to organize a complete digital estate plan. This is one of many things you can do to protect your digital assets. If you have questions or need further assistance, our team is just a call away!

Protecting Your Business through Digital Estate Planning

Keeping your business protected is very important. But you should ask yourself if you have all areas covered. Security cameras and restricted entry areas are vital for protecting the physical location. To protect employees, implement all their necessary rights and privileges, and so on. All this is important, but one thing to prioritize as a business owner is protecting your digital assets through digital estate planning.

What Are Digital Assets?

Digital assets comprise everything in your business that is, well, digital. These include data, software, applications, and intellectual property. If you are like most businesses today, your daily operations rely heavily on these digital assets. It makes sense that you safeguard them to the best of your ability with digital estate planning.

Effective Strategies for Protecting Digital Assets Using Digital Estate Planning

Cybercriminals are now very creative in launching their attacks, so business owners must be extra vigilant and meticulous in protecting digital assets. Here are some of the most effective strategies for digital estate planning that you can use.

Strong Passwords

It is surprising how many businesses today still use passwords that are so easy to crack. Hackers might have advanced strategies for infiltrating your system, but you can make their job much more difficult by using unique, complex, and strong passwords. Also, be sure to change passwords periodically to minimize the risk of a data breach. This is common practice for digital estate planning.

Access Controls

One of the easiest but most effective ways to protect your digital assets is to restrict access to them. This step will drastically reduce the risk of data falling into the wrong hands, and should there be a leak, it will be easier to trace where it originated.

Digital Estate Planning – Data Encryption

No matter how confident you are in your data security measures, you should never underestimate the capabilities of cybercriminals. In case they steal your data, high-level encryption will protect it from being exposed or used for illicit purposes. That is why a part of digital estate planning is always encrypting your data.

Biometrics

Biometrics is now a popular alternative to conventional sign-in methods. Not only is this more convenient for the users, but it also offers more security. Using fingerprints or facial recognition ensures that no one other than the allowed individual can log in. Also, people would no longer need to remember passwords or write them down, which only adds to the vulnerability of the old method.

Backup and Recovery

If anything happens, you should have a reliable data backup and recovery plan, which is essential for protecting digital assets. You must save and store backups regularly in multiple secure and protected locations.

Employee Training

Your employees can be valuable in protecting digital assets, but ironically, they are also usually the weakest link. With regular employee training, however, you can turn them into a robust first line of defense and circumvent most security threats.

Security Software

There is a wide range of software created for protecting digital assets, firewalls, threat detection applications, antivirus software, and so on. If you are unsure of which software to get, you can always enlist the help of an MSP who will recommend the best security solutions to match your needs.

Importance of Digital Estate Planning

An element of protecting digital assets is that many companies do not even think of digital estate planning. It is simply preparing your digital assets. This is so that an authorized person gains access to everything in the event of your death.

This might sound morbid, but it does not differ from other forms of estate planning. It also makes it easier for your business partners, beneficiaries, or heirs to continue the business when you are gone. As this could still be a new concept for some business owners, we have prepared a Digital Estate Planning Checklist and Password Cheat Sheet, both of which you can download for free.

In this, we delve into the advantages of having a digital estate plan, how to go about it, and why password management is a very important part of it. Our team is also ready to help you create a comprehensive digital estate plan, which is crucial for protecting your digital assets, even long after you are gone.

Business Cloud Migration, The Best Move to Make Today

The past few years have been all about business cloud migration. As the needs of businesses continue to grow, it has become more tedious and expensive to keep up if you rely only on your on-site business resources. But thanks to cloud technology, you can outsource many business processes to cloud-based providers. This freedom means you can grow your business with less effort and expense!

Why Some Business Owners Are Reluctant to Migrate

The more courageous business owners have immediately leaped since the cloud was first introduced in 2019, while many others have gradually followed suit. But to this day, many businesses still stick with their on-premises resources for their operations. Why is this so? It’s because of fears about the cloud, many of which are unfounded.

The most common fear is that the business cloud migration might put security and privacy at risk. Many business owners think the cloud is a public domain where hackers roam freely. While there are cybercriminals everywhere, cloud providers have tight security measures to help keep you and your data protected.

Other business owners hesitate because they fear cloud services will be costly to maintain or too confusing to use. Again, these fears are speculative. Cloud solutions are much less expensive than investing in on-premises equipment and services. Most of it is very easy to navigate, particularly when you work with a reliable MSP.

What Businesses Can Gain from the Cloud

Once you get past your fears, you will see the wealth of opportunities you can gain from business cloud migration. For many who have already migrated, the number one advantage is scalability. Scaling your business up or down is so much easier with the cloud. Because of the flexibility of the cloud options, you won’t have to worry about having insufficient funds or resources.

There is also the matter of cutting back on significant spending. A cloud service provider will typically charge you for the services that you use. You won’t end up paying for a whole package, most of which you don’t even need, which is what often happens with conventional operations.

Also, there is perpetual access to the latest software, hardware, and infrastructure. When a new version comes out, you can ask your provider to upgrade you, and you don’t even have to pay extra fees. In addition, the cloud also gives you better data and network security, more efficiency for your business, and improved overall business performance.

How to Go About Business Cloud Migration

Cloud migration is moving all your company’s digital resources, applications, databases, and servers into the cloud. Yes, it can be a colossal operation, especially if you go for a full migration. But the good news is that you don’t have to do it alone. If you have a trusted MSP, you can sit back and let them complete the process for you. That is exactly what we can do for you.

Whether you want to go the whole nine yards and do a full cloud migration, or just partially, we will help you with the transition in a way that meets all your business needs.

To learn more about the cloud and find out more details on how it can benefit your business, download our FREE Infographic, “5 Fears and 5 Benefits of the Cloud.” Are you afraid of the Cloud, or are you open to cloud solutions and how to use them to grow your business?

Moving to the Cloud Promotes Business Growth

The number of companies moving to cloud operations is rising each year. This is not a surprise because cloud solutions are now a vital instrument for the growth and development of businesses in today’s digital world. If you have been looking for a way to scale your business and haven’t tried cloud technology, there is no better time to take the plunge than now.

How Moving to the Cloud Affects Business Growth

A multitude of businesses all over the world will attest that cloud computing has helped them grow. But how did it help? What areas of your business can benefit the most if you move your operations to the cloud? Here are the most notable positive changes that you might expect.

Scalability

This feature ranks as one of the best advantages of moving to the cloud, which people look forward to the most. Before the cloud, business expansions were almost always massive and tedious operations that required heavy investment in terms of infrastructure and hardware. But with the extensive selection of cloud resources available, growing your business has never been easier!

Should you need to downgrade for any reason, it is just as easy on the cloud. You can cancel your subscription to services you don’t need so that you can operate on a smaller scale without having to incur unnecessary losses.

Financial Savings

It is interesting how many people assume that cloud services are expensive when the opposite is true. The prices vary, as this depends on the provider. But they will only charge you for the services or resources that you use. How can you be more cost-efficient than that?

Also, moving to the cloud means you no longer need to purchase expensive on-site equipment, which can also be costly to maintain. So, businesses really can save an incredible amount by shifting their operations to the cloud.

Efficiency

A distinctive feature of cloud applications is that they are accessible from anywhere if you have the internet. So, employees don’t need to go to the office to work. They can just do their jobs from home or any other location. There is also the benefit of using automation tools, which you can set up to lessen the demand for and reliance on manual labor.

Security when Moving to the Cloud

Whether you are just starting or are well on your way to conquering your industry, there is no need to worry about security in cloud-based solutions. Impressive security features abound on the cloud, including high-tech encryption, advanced threat detection, and multi-factor authentication, which protect your data and ultimately speed up business growth.

Innovation

The cloud gives easy access to all the latest innovations in technology as soon as they come out, which is vital for growing your business. Everything, from the latest versions of applications and operating systems to the latest hardware releases in the market, will be right at your fingertips if you are on the cloud.

There you have it—the top reasons cloud technology is crucial to business growth. Through cloud computing, growing your business can be faster, simpler, more cost-efficient, and perfectly aligned with your organization’s goals.

If you would like more information, you can download this infographic of ours called The Benefits of Moving to the Cloud.” Here, you will see everything that you will miss out on if you pass on this opportunity! Do also contact us today where we will have thorough and very enlightening discussions with your businesses today.

Why Are Business Owners Afraid to Move to the Cloud?

It has been years since cloud technology was released. While thousands of businesses all over the world have eagerly upgraded their operations with cloud solutions. Thousands more still remain wary of this new technology to move to the cloud. Many people are still reluctant, despite the many proven benefits of the cloud for business. Why is this so? That is what we are going to talk about today.

Reasons for Holding Back to Move to the Cloud

We’ve asked around and come across some common concerns from hesitant business owners about why they are still holding back, even though there is now insurmountable evidence that the cloud presents many viable opportunities for business growth. Here are the reasons for holding back to move to the cloud.

Security

With the continued rise in cyberattacks and data breaches, it makes sense to be highly concerned about security. These attacks are rampant, even on in-house servers and data storage. How much more would there be if you stored the data in a cloud, outside of your company’s security controls? Won’t the data and the entire company be more at risk of being infiltrated by hackers? If any information gets into the wrong hands, there’s no telling what kind of damage your company will face.

Privacy If You Move to the Cloud

In the same way, companies fear the loss of data privacy. This fear is a specific concern for businesses in industries that collect and store confidential information. Health and medical records of patients, financial transactions that contain bank accounts and statements, and even personal data of clients and employees are examples of sensitive data that are frequent targets of online attackers. Putting these in cloud storage might seem risky in the minds of many.

Reliability

Another fear owners have about when they move to the cloud is that it might not always be reliable. What if the internet connection is too slow or erratic? What if the cloud provider experiences a period of downtime on their side? Surely, these events could be highly detrimental to business operations.

Cost If You Move to the Cloud

Cloud technology these days is very high-tech and diverse, which causes many business owners to think these services are expensive. Because of this assumption, they choose to stick to conventional systems rather than take a chance on modern cloud solutions, which can ironically pave the way for massive financial savings.

Complexity

There has always been a historical fear of new things, especially related to technology. When computers first became popular, many people were afraid to even touch them because they seemed too complex. It happened again a few years later when email and online messaging became popular. Now, the same fear of complexity applies to the cloud. Companies are worried they might not see the benefit to their operations.

The 5 Benefits of the Cloud

These fears make sense and are all perfectly valid. But the good news is that the cloud technology we have today has these issues covered. So if your hesitation to move to the cloud is based on any of these reasons, we can ease your mind.

We invite you to download our Free Infographic on the Cloud. You’ll discover a wealth of information, including the vast benefits of moving to the cloud and how the migration can be made simpler with the help of a reliable MSP.

A whole new world is waiting in the cloud for businesses, and we are very excited for you to take control of it. Call us anytime! We will guide you in transitioning so you can finally enjoy all the benefits and opportunities this new technology has in store for your company.