Alexa

CYBER SECURITY

Experts are suggesting that Public and private entities must work together now to avoid cyber threats and bridge the existing gap

Experts are suggesting that Public and private entities must work together now to avoid cyber threats and bridge the existing gap
The Siliconreview
06 November, 2020

Whether you are a seasoned IT pro or a business executive, using managed services can only make your job easier. When the managed services are executed effectively, you can gain capabilities similar to an IT department with seasoned professionals. Managed services are designed to handle the company's daily operations for specialized applications. This allows in-house IT professionals to focus more on strategic IT programs and business' core competencies. IT managers are under immense pressure in the digital world to meet the business's operational expectations, performance, and security needs while simultaneously focusing on the costs. Financial experts suggest that it is very feasible to use the predictable cost model of managed services for better outcomes.

Due to the ongoing Covid-19 pandemic, the thin line between physical and digital is continuing to blur. Various new norms are being enforced, and the existing models are also moving towards a more well-defined path. Convenience is high in the connected world; simultaneously, personal data is also at risk. The cybercrime risks and liability are witnessing an upward trend, and it is speculated that by 2021 the cost of cybersecurity for companies will reach a massive $6 trillion. It is advisable for both public and private entities to work together to bridge the gaps in the cybersecurity system