Category: Cybersecurity

How fast does hardware become outdated? Let’s look at a piece of hardware almost everyone is familiar with – the iPhone. In the last five years, there have been 7 different versions released. With the average cost of an iPhone sitting at around $750, many people often skip a few generations of iPhones until they can afford the next “new” one. No big deal, right? Even the oldest model of an iPhone still makes calls and sends text messages.

 

For business IT hardware, though, (think firewalls, servers, and networking equipment), having an old, outdated version can create a risk for business owners, and hinder efficiency. If you are a small or mid-sized business owner operating on a tight budget, how do you keep your hardware up to date without a huge capital expenditure?

The answer is Hardware as a Service (HaaS).

What Is Hardware as a Service?

Hardware as a Service, or HaaS, is a procurement model that is similar to leasing or renting equipment. In the HaaS model, businesses essentially “borrow” their IT hardware from a managed service provider (MSP). The MSP owns the hardware and is responsible for maintenance and upkeep.

The service model can be set up in different ways. For some businesses, it makes sense to pay a monthly fee for the hardware, and in other cases, HaaS is incorporated into a broader managed service agreement that includes other services like help desk support and IT consulting.

 

Benefits of HaaS Solutions

In our fast-paced technology world, owning hardware can be expensive, cumbersome, and challenging for business owners. HaaS offers an alternative approach to hardware and IT infrastructure needs that can help business owners reduce the stress of keeping up with how quickly technology changes.

There are several ways HaaS can benefit businesses including:  

  • Low, Upfront Costs: One of the biggest advantages of HaaS is there are no large capital expenditures for a business owner. Businesses do not have to spend a lot of money to provide the most up-to-date IT infrastructure for their business. This is especially beneficial for startups and small businesses that do not have a hefty budget for hardware. HaaS essentially turns a large capital expense into a more manageable operating expense. 
  • Staying Current: One major benefit of HaaS is that the MSP keeps hardware equipment current with the latest technology. When a new version of a particular technology arrives, the MSP oversees updating it for the business owner. HaaS clients do not have to stress over investing in tech that might become obsolete quickly after purchase. The MSP is incentivized to make sure their client has the best and latest equipment. 
  • Worry-Free Maintenance: When businesses opt for HaaS with an MSP, the responsibility for the maintenance and upkeep shifts to the MSP, not the business owner. Since the MSP owns the equipment, they will provide not only the hardware itself but also provide routine service and maintenance as part of the HaaS agreement. Business owners can forget about expired warranties and potential equipment failures – the MSP takes care of making sure everything is working and operating at peak performance. 
  • Tighter Security: When it comes to cybersecurity, new is often better. Cybercriminals are a savvy group and are constantly working on new ways to access businesses’ sensitive data. Not only are they targeting software, but they are also targeting vulnerable, outdated hardware. With HaaS, it is easy to upgrade to the latest hardware technology designed to create optimal endpoint security. 
  • Scalability: HaaS often makes the most sense for small and medium businesses that are on a growth plan. As businesses grow, their technology needs also grow with them. When growing businesses add new employees, expand their service offerings for their clients, or add additional office locations, they need to invest in their technology infrastructure to meet their business goals. HaaS helps businesses scale efficiently as they grow.

Everound: Your Hardware as a Service Partner

At Everound, we understand the challenges businesses face with keeping their hardware operating at a level that meets and exceeds their business goals. We offer both HaaS as an independent service and as part of a monthly managed IT services plan. Our HaaS packages can be customized to meet the specific needs of a business and often includes:

  • Firewalls: Firewalls are a line of defense against security threats, and one of the last pieces of equipment business owners think of when purchasing or upgrading IT hardware. With HaaS, Everound provides the latest firewall solutions to help prevent cyber threats.
  • Servers: A server is a central piece of hardware in a computer network that stores, sends, and receives data. It provides functionality for the entire IT infrastructure of a business. Through HaaS, Everound offers servers either on-site or in the cloud, depending on need.
  • Wi-Fi or networking equipment: Wi-Fi and networking equipment includes devices such as network switches and access points. Everound can help your business stay connected and online with Wi-Fi and networking equipment.  
  • Battery backups: Battery backup and smart surge protection devices, such as Wattboxes, can help protect your business from downtime. Power and electricity outages, surges, and brownouts can be prevented with minimal investment. These can cause data loss and physical damage to your computer components.

Curious if Hardware as a Service is right for your business? Reach out today to learn more about how we can help. Let us focus on your IT needs so you can focus on your business.

As a business owner, you are likely familiar with and utilize antivirus (AV) software to help protect your hardware devices from cyber threats.

While antivirus programs provide basic protection from threats, the technology has been relatively unchanged since its inception in the late 1980s and can easily be bypassed by today’s savvy cybercriminals.

Antivirus programs are not enough to protect you from advanced threats like ransomware. Ransomware works much differently than traditional viruses and can attack your data and hold them hostage with encryption. Ransomware attacks cost businesses nearly $20 billion in 2020 alone.

So how do you fully protect your business from cyber threats including ransomware and malware? While nothing is completely infallible, implementing an endpoint detection and response (EDR) solution can protect your company from advanced threats.

What is Endpoint Detection and Response?

Endpoint detection and response is a cloud-based continuous monitoring cyber software platform designed to find and mitigate cyber threats that have bypassed your existing cybersecurity measures.

Think of endpoint detection and response, also referred to as endpoint threat detection and response (ETDR), as a cyber threat “hunter” and antivirus, as a cyber threat “roadblock” or “obstacle.” Sophisticated malware like ransomware can overcome a roadblock or obstacle, so “threat hunting” with EDR adds an additional layer of cybersecurity. If a threat infiltrates your antivirus software, EDR takes over.

How Does Endpoint Detection and Response Work?

EDR software such as SentinelOne is installed on endpoints and records every file execution, registry change, network connection, and other activities in a central database. Every action taken on endpoints is monitored and recorded. Then, using machine learning, EDR provides real-time data and threat intelligence on and between the endpoints.

EDR investigates the entire lifespan of the threat. EDR will determine how the threat bypassed the initial cybersecurity system (usually the antivirus software), where it has been in the environment, what it’s doing now, and how to eliminate it.

Using this data, EDR contains the threat and prevents it from spreading throughout your entire network. EDR uses analytics to find patterns and anomalies in an environment including rare processes, strange connections, and related risky activities.

System administrators can access the data compiled by the EDR in a central dashboard, and users that have suspicious activity on their endpoint will be notified of the threat in real-time.

EDR Capabilities

While many EDR programs have varying security capabilities, they share key components and features. When searching for an EDR solution, here are key capabilities to look for:

Detection

Cyber threat and incident detection are critical to a successful endpoint detection and response program. EDR uses continual file analysis to determine if any malicious behavior is unfolding. When identified, an EDR solution will flag the file as suspicious so immediate action can be taken.

Containment

After detecting an issue, an EDR solution will immediately contain the threat. If left alone, the threat can spread quickly throughout a network, creating chaos, and potentially infecting and harming other endpoints. Quick containment can save companies thousands of dollars in lost revenue, ransom, and downtime.

Investigation

What sets EDR apart from traditional antivirus is its ability to investigate the cause of the threat, document its behavior, and then use that information to improve upon existing security protocols. For example, if the threat slipped through the front-line barriers, there is clearly a vulnerable point-of-entry in the network. The EDR will help you find that vulnerability and remediate it.

Elimination

An EDR solution will efficiently and effectively remove the identified threat and scan the network for similar suspicious files that may have infiltrated the system. Using compiled data and best practices in cybersecurity, the threat is eliminated, and preventative measures are put in place to prevent the threat from replicating.

Why EDR Is Important for Businesses in 2021

Cybercrime rose a staggering 300+% in 2020, most notably after the abrupt transition to a remote workforce in the spring. The increase occurred mostly at companies that were using antiquated antivirus software without an EDR solution in place.

With remote work extending into at least the first few quarters in 2021, it’s important to take proactive measures to reduce the risk of cyber threats and attacks. Even if your workforce isn’t remote, EDR can help keep your company endpoints safe from a cyber threat.

Originally adopted by large enterprise businesses, EDR is now recommended for businesses of all sizes to avoid and mitigate a cyber attack. An effective EDR can protect businesses from losing thousands of dollars in lost revenue and critical hours of downtime.

Everound and SentinelOne: Your EDR Security Team

Everound partners with SentinelOne, a national, leading EDR solution, to implement affordable endpoint detection and response programs for both small and enterprise-level businesses. Nearly all data breaches occur at endpoints, so having a proper EDR solution in place is critical to keeping your business operating at peak efficiency in a safe cyber environment.

As endpoint protection platform (EPP) experts, Everound can help your business implement a comprehensive EDR solution at a reasonable investment. Reach out today for a free consultation, and to learn more about how we can help keep your IT safe, so you can focus on your core business.