MSPNetworks Blog

With inflation proving to be a significant concern for businesses at the moment, reaching highs that it hasn’t in decades, there is a distinct need for businesses to get as much value as they can out of the investments they make.

Let’s discuss a few technologies that offer this more desirable cost/benefit ratio so you can consider them for your own use.

Could Technology Investment Reverse Inflation?

According to Morgan Stanley, potentially!

The financial services provider recently released their list of (as they call them) Deflation Enablers—companies that are trying to cut their customers’ costs despite inflation or product scarcity. Included on this list were a few automation platforms (Appian, Salesforce, ServiceNow, and UiPath) as well as supply chain efficiency software (C3.ai, Palantir, and Snowflake) as well as some other technology providers, like a little company known as Microsoft.

The idea is that by investing in solutions and services provided by Deflation Enablers—specifically, those that cut costs while boosting productivity—a business puts itself in a position to succeed, in spite of whatever economic challenges the world at large is facing.

Of course, that’s all well and good for these major companies… But what can the average business in New York do?  

What Many Companies Are Doing to Fight Inflation

There are a variety of ways that businesses can do (and are exploring) to save money and actively use their resources more efficiently. One big one that came about in response to the last few years’ increase in remote operations: office downsizing.

Businesses of all sizes, from small to enterprise, are actively considering how they can scale back their real estate and reinvest those dollars elsewhere—incidentally, many choosing to invest in IT and sales.

This is no accident, either. Remember, quite a few of Morgan Stanley’s Deflation Enablers were IT providers that focused on automating processes. Automation is inherently a cost-saving endeavor, as it effectively doubles your productivity for each employee it frees from a menial task.

Reach out to MSPNetworks to find out more about automation, and the other ways we can assist you in making your dollar go further. A few examples that come to mind are our inclusive managed services and our remote monitoring and management services.

Give us a call at (516) 403-9001 to learn more.

The average person will spend an estimated one-third of their life at work. One third. That’s a lot of time, providing plenty of opportunity to accumulate stress. Over time, these emotions could potentially overwhelm your employees and lead to a breakdown. This is, naturally, harmful to your business, so let’s explore some strategies you can share with your team to help them deal with their workday stresses.

Separate Yourself from Your Stress

The feeling of rising stress is unmistakable, particularly when you’ve experienced it before. Sometimes, escaping this stress is a matter of actually moving yourself away from it. Take a break, walk away, and do some deep breathing. Removing yourself from the situation can make all the difference, allowing you to rally and recover.

On the emotional side of things, practice looking at things from an outside perspective. While the situation will still be stressful, doing your best to take yourself out of it and considering it as though it is happening to someone else can help to take off the pressure until you can collect yourself. It can also give you the insight needed to see the stress-inducing issues from a new perspective, allowing you to solve them more effectively. 

Identify What Triggers Your Stress

If you want to avoid emotional breakdowns at work, it’s important that you are able to figure out what sets you off so that you can adjust to avoid or minimize them. For instance, maybe you have a rough time handling criticism, or you get a little bit of stage fright while making a presentation. Once you’ve identified these triggers, you can start to create techniques to help you manage your response…maybe a quick conversation with a trusted coworker before you have to speak, or (as we alluded to above) taking a walk to process the criticism you’ve received. 

Work Through Emotions

Speaking of processing criticism, it’s important that any and all negative feelings are appropriately dealt with so that they don’t interfere with workplace processes or relationships. Simply trying to push these feelings down and lock them away is exhausting and, frankly, unsustainable. This is why it is so important to take the time to process these emotions before they lead to the dreaded meltdown.

Have a Recovery Strategy

However, in the event that your emotions do get the better of you in the office, you need to be able to recover. Fortunately, there’s precedent that says that associating these kinds of emotions with your commitment to your job helps others in the office to see them less negatively—research conducted by Harvard Business School says as much. Explain that the stress is borne of a desire to see personal and organizational success, and try to manage your emotions better the next time.

The Right Technology Can Help Cut Down on Workplace Stress

While we would never suggest that all stress will be eliminated with a few IT improvements, it can certainly help simplify a lot of things in the workplace. Reach out to us for assistance in managing your IT so that’s one less source of stress for you and your team. Call (516) 403-9001 today.

With such a heavy focus on remote work over the past year or so, if you have tried to procure equipment or technology solutions during this period, you may have noticed that it is much harder than usual to do so. The global chip shortage has led to many challenges for organizations, chief among them getting the parts needed to put together critical technology solutions. This opens up a whole other set of issues, though, particularly in regards to disruption of the supply chain.

First, a little bit of background regarding this issue. With the COVID-19 pandemic disrupting the world so profoundly, the increase in demand for remote technology triggered a massive shortage in the global semiconductor market. So many companies and organizations rushed to purchase new technology to keep their own operations from sinking that the companies responsible for manufacturing semiconductors simply could not keep up with the demand. This demand for semiconductors has had significant impacts on manufacturers of just about all electronics, including the appliance and automobile industries.

Gartner predicts that this shortage will likely last well into 2022, a notion that has turned many organizations and businesses toward finding alternative solutions to their semiconductor shortage woes, lest they suffer from an inability to continue operations. Industry professionals, however, worry that this shortage of parts might open up opportunities for scammers to manufacture and sell fraudulent components.

According to ZDNet, the possibility for fraudsters to take advantage of this opportunity by producing counterfeit products is a very real issue that cannot be avoided. ZDNet reports that there is a precedent for this happening, like with the 2011 earthquake and tsunami that hit Japan; this triggered a shortage of capacitors for medical devices, a shortage that fraudsters took advantage of by producing counterfeit products.

As for whether or not these counterfeit products are problematic, the answer is a resounding “yes,” but probably not for the reasons that you might suspect. In most cases, the counterfeit semiconductors themselves are either manufactured to appear legitimate or to imitate the real deal, or they are components that have been stripped of all branding and repackaged for resale. In both cases, according to ZDNet, these fraudulent components are not subject to the rigorous quality control procedures that large manufacturers have in place, meaning that they might pass basic quality control checks, but are simply not sustainable long-term.

Now, consider what might happen to businesses or manufacturers who procure these counterfeit products and integrate them into their supply chain and processes. Suddenly these components are actively being used in the same way that real components that have been tested are. What happens when these components fail and lead to disaster? It’s a position that no business wants to find itself in.

When it comes to procuring equipment for your business, you can trust that MSPNetworks will help you get the best deals and the best components for your business. We work with trusted vendors to ensure that you are not shortchanged by unfortunate trends in the market, and since we only work with vendors we trust, you can know with confidence that you are getting devices and components that are legitimate.

To learn more about what we can do for your business, reach out to us at (516) 403-9001.

Almost daily there is another data breach reported that exposes data for hundreds of thousands or millions of people. This is a troubling trend. One of the most troubling events happened recently as 700 million profiles from the social media network LinkedIn were found for sale on a popular hackers forum. What’s worse is that the company isn’t admitting that it had been breached recently. Let’s take a brief look at this situation and try to unpack what is going on with LinkedIn.

LinkedIn’s Sketchy Security History

Most people know all about LinkedIn. It is a social media site where professionals can network with other professionals. For all the good the social network tries to do, they’ve also been a major target for hackers. Back in 2012 they had 6.5 million accounts stolen by a Russian hacker and had nearly 100 million email addresses and passwords exposed. A year later there was more controversy as LinkedIn used man-in-the-middle attacks to intercept user emails and move them to LinkedIn servers. Finally, in 2018, after Microsoft’s acquisition of the company, LinkedIn users began to start getting extortion emails from account information that had been for sale on the Dark Web.

On top of those big hacks, LinkedIn has been connected to several other security breaches and failures, including the repeated use of fake LinkedIn accounts to facilitate data theft and unauthorized access to third-party networks. 

2021 Issues

In April, 500 million LinkedIn user accounts were put up for sale on a popular hacker forum. A new posting was not the result of a data breach. This information was scraped, but still included full names, email addresses, phone numbers, workplace information, and much more. With a user base of about 740 million users, this represented a large amount of the people that use LinkedIn. 

If this wasn’t troublesome enough, there have been reports that LinkedIn is removing access to scholars and other active individuals inside China without any explanation by the company. This has some intellectuals and other active users of the platform concerned over the way the company is censoring information to operate in the Chinese market, which is known to suppress the availability of information to their nearly two billion constituents.

Just recently, it was reported that a data breach occurred that allowed hackers to make information available from over 700 million records from LinkedIn, over 92 percent of the user base. LinkedIn, not addressing the fact that most of the personal information they have been tasked with keeping secure is now available for purchase, defiantly put out the following statement: 

• Our teams have investigated a set of alleged LinkedIn data that has been posted for sale. We want to be clear that this is not a data breach and no private LinkedIn member data was exposed. Our initial investigation has found that this data was scraped from LinkedIn and other various websites and includes the same data reported earlier this year in our April 2021 scraping update.
  
  
• Members trust LinkedIn with their data, and any misuse of our members’ data, such as scraping, violates LinkedIn terms of service. When anyone tries to take member data and use it for purposes LinkedIn and our members haven’t agreed to, we work to stop them and hold them accountable.
  
  
• For additional information about our policies and how we protect member data from misuse:
  https://www.linkedin.com/help/linkedin/answer/56347/prohibited-software-and-extensions

What is Scraping?

Scraping, in this context, is short for a method of data harvesting called web scraping, or web harvesting. It is the act of using software to effectively copy material from websites using the website’s code. It is a method hackers use to gain invaluable information from websites without going through the original channels. In the case of many business websites that get scraped and have data stolen, the hackers actually don’t need to do as much as you’d think. Many utilize the relatively open nature of a business’ API (application programming interface), giving them direct access to the data they are looking to take. 

We all trust these major corporations to do what they can to keep our sensitive data safe, but as they generally use it to maximize their ability to create revenue, it becomes difficult to trust them to keep your best interest in mind. 

Keeping your data safe has become more difficult, and more important, than ever. To learn how we can help your business secure your data, give us a call today at (516) 403-9001.

You’ve probably heard by now, a Russia-based hacking collective by the name of DarkSide targeted Colonial Pipeline, a company that supplies nearly 45 percent of the fuel used along the Eastern Seaboard of the United States, with a ransomware attack. Not only does this hack have an effect on fuel prices and availability, it highlights just how vulnerable much of the nation’s energy infrastructure is. Let’s discuss the details of the hack and the raging discussion about cybersecurity that’s happening as a result. 

The Facts Surrounding the Hack

On Friday, May 7, 2020, Colonial Pipeline had to shut down operations after a ransomware attack threatened to spread into critical systems that control the flow of fuel. Almost immediately gas prices started to jump in the region, averaging around six cents per gallon this week. The pipeline, which runs from Texas to New York, transports an estimated 2.5 million barrels of fuel per day. The shutdown has caused some fuel shortages and caused panic buying in some southern U.S. states. Administrators said that the ransomware that caused the precautionary shutdown did not get into core system controls but also mentions that it will take days for the supply chain to get back up and running as usual again. 

Who Is DarkSide?

The hacker group DarkSide is a relatively new player, but it has set its sights high. The group claims to be an apolitical hacking group that is only out to make money.  In fact, they put out the following statement after the FBI started a full-scale investigation of the group:

“Our goal is to make money, and not creating problems for society. From today we introduce moderation and check each company that our partners want to encrypt to avoid social consequences in the future.”

DarkSide seems to be a professionally-run organization that deals in ransomware. They follow what is called the Ransomware-as-a-Service model, where hackers develop and sell their ransomware to parties looking to conduct operations like the one that stymied Colonial Pipeline. They also are known for their “double extortion” methodology, where they threaten to take the data they encrypt public if their demands aren’t met. Their ransom demands are paid through cryptocurrency and have only been in the six-to-seven figure range. 

What’s interesting is that the group seems to have its own code of ethics, stating that they will never attack hospitals, schools, non-profits, or government agencies. Either way, their current attempt at extortion has made a mess for millions of Americans. 

Problems Securing Infrastructure

Even before the world completely changed, cybersecurity analysts were recommending that more had to be done to protect aging utility systems around the world. Back in 2015, hackers took down a power grid in Ukraine and left 250,000 people without electricity, and it caused some movement to improve system security, but nowhere near as much as is required. Now, with the push to use renewable energy and more efficient systems of deployment, more technology has been added to these systems than at any time in history. These smart systems, coupled with a resounding lack of security, means that the next cybersecurity catastrophe is just around the corner. 

The pandemic didn’t help matters. Systems that are being updated are increasingly being connected to public and private networks for remote access. All it takes is one vulnerability and hackers can exploit and take control of systems that affect the lives of millions of Americans. Hackers causing a gas shortage is scary, but hackers taking down power grids or other systems that the public depends on to live could be looked at as an act of war.

The scariest part is it seems as though no system is immune to these problems. According to CISA, the Colonial Pipeline hack is the fourth major cyberattack of the past year. You have the Solar Winds breach that allowed Russian Intelligence to infiltrate thousands of corporate and government servers; an attack where Chinese nationals rented servers inside the U.S. to invade a still unnumbered amount of Microsoft Exchange servers; and a still-unknown hacker that hijacked a tool called Codecov to deploy spyware on thousands of systems.

Microsoft is widely renowned as being at the forefront of cybersecurity and Solar Winds is itself a cybersecurity company. This tells you a little bit about where we are about protecting essential systems. It’s not a good situation.

While you can’t always worry about cybersecurity everywhere you are, you have to prioritize it for your business. If you want to talk to one of our security experts about your cybersecurity, give MSPNetworks a call today at (516) 403-9001.