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With the growing business, it becomes important to protect your company against external threats and ensure its smooth operations. According to a report published by the Center for Strategic and International Studies, in partnership with McAfee in 2018, almost 600 billion dollars is lost to cybercrime each year, up from 445 billion dollars in 2014. It constitutes approximately one percent of the global GDP. So, the threat to the businesses is real and should be dealt with properly. Some people believe that such threats only impact large businesses, but they cannot be farther from the truth. According to the 2014 year-end economic report published by the National Small Business Association, almost half of all small businesses in the country were victims of a cyber-attack, out of which 68% reported being a victim more than once. The average cost of cyber-attacks for small businesses skyrocketed from 8,699 dollars per attack in 2013 to 20,752 dollars per attack in 2014. Small businesses have, thus, started to invest in IT services to cope with both the threats and the increasing demand of the market. Here are four important ways in which this investment can help your business: Improved Overall Security The most important benefit of having a managed services provider for your IT needs is that it improves the overall security posture. You gain access to a security program that ensures vulnerability assessment, shadow IT assessment, and constant security monitoring across services, networks, and applications, say the article published by GOBI Technologies. It protects your company data while establishing a security baseline. Greater Efficiency and Productivity By investing in IT management services, small businesses can automate and improve their manual processes and operations. It allows your IT team and operational staff to be free from day-to-day operations and focus on more important tasks. Access to Enhanced Skill Set In IT Another benefit from this investment is that you gain access to professionals who are well-versed in a wide variety of IT activities and can cater to any and every issue that comes up. Having a pool of experts at your disposal gives you a competitive advantage in the market as well. Cost Effectiveness By employing outsourced IT management services, small businesses eliminate the need for several third-party tools and gain enhanced efficiency and productivity. It, therefore, proves to be a cost-effective approach for them. Having a strong IT management services provider allows small businesses to spend more time and money on expanding their business. It also ensures increased security that helps in earning the trust of their customers.

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