For small and medium-sized businesses in the financial sector, creating an IT team with an extensive skill set that covers everything from cybersecurity to compliance, etc. can be expensive and time-consuming. It is therefore not unusual for these businesses to outsource IT services to managed IT service providers.
In October 2022, a new and improved version of the ISO 27001 was published to address the evolving cybersecurity challenges and improve digital trust.
The consequences of having data compromised can extend beyond financials. They may cost a business its reputation and could possibly result in legal proceeding. And no organisation is immune, with large businesses such as Uber and Equifax having also suffered data breaches over the years.
Cybersecurity is expensive, but when compared to the cost of a cyber breach, it certainly pales in comparison. According to the 2022 IBM Cost of a Data Breach Report, the finance industry had the second highest cost per breach, averaging $5.97 million per breach.
Founded in 2010, Tivarri is an IT services provider dedicated to supporting financial services firms with stringent regulatory requirements. Renowned for its expertise in Microsoft 365 modern desktop deployments, Tivarri manages secure environments for over a thousand end users. Tivarri also leads in compliance-driven, low-carbon IT solutions, operating its own data centres while supporting clients across Microsoft 365 platforms.
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