Millennials are Top IT Security Risk for Businesses

 

Millennials are a generation defined by technology. After all, this is the first generation to grow up surrounded by technology. Despite this, it’s the older generations who are savvier when it comes to internet security. According to research by FirstData, millennials are less concerned with cybersecurity than older generations. The biggest problems faced are with reusing the same password and with over sharing sensitive information on social media and over email.

 

Older generations might be more concerned with their individual computers and devices being infected, which is why they are cautious about internet usage and sharing information. However, younger generations don’t share these concerns. Although device-level security might be sufficient, there is always the worry that third-party sites could be compromised. If a user has the same password for every platform, then this could present a serious problem.

 

According to the research, 82% of millennials reuse the same password across websites and apps and 42% will only change their password if they are forced to. The main reason cited for this reluctance to change passwords is that they are simply too difficult to remember. For company owners, this presents a unique challenge when it comes to policing their company password policy.

 

When it comes to oversharing on social networks, millennials are less concerned about the risks associated with this. Only 43% of millennials are concerned about transmitting private information over social media sites, compared to 63% of boomers. Even something as small as sharing your date of birth on social media can allow fraudsters to piece together your identity and open credit cards in your name.

 

For companies, this presents a unique challenge, as millennial workers might use the same password for their work email as they would for their social media accounts. Although there is a lot of attention to cybersecurity threats such as ransomware, millennials aren’t as concerned about the risks associated with identity theft. While social networks might be secure, many people allow third-party apps to access their information without a second thought, and this is where more education is needed. Although millennials may be very savvy when it comes to technology, there are clearly gaps in awareness where security is concerned.

5 Reasons Tech Startups Should Invest in IT Support

The image of the modern tech entrepreneur is someone who can miraculously manage everything at once. Although startups might feel that they have to pull themselves up by their bootstraps and manage everything in-house, there are a lot of benefits to be enjoyed when it comes to outsourcing critical tasks. IT support is one area where tech startups, in particular, can benefit from outsourcing their needs. Here are 5 reasons tech startups should consider outsourcing their IT support…

Reduce Costs

Running a successful startup is all about making sound financial decisions. While many startups may subscribe to the agile mindset, they are often guilty of making bulky and costly mistakes. Hiring an in-house IT department is one such costly mistake. Managing your IT in-house means hiring an entire team, not to mention the added costs of servers, software and hardware. By outsourcing this to a third party company, the startup is able to take an agile approach to growth as the IT support they need can grow with them.

Leverage Expertise

It can be tempting to try to operate as a jack of all trades, but there comes a time when it pays to refer to the experts. Although there is a lot of satisfaction to be gained from managing everything in-house, leveraging the expertise of an IT support company can help to keep the focus on the task at hand: building your startup.

Improve Customer Retention

In the early days of managing a customer-facing startup, public perception is everything. If you’re out of action for half a day because you decided to manage your IT in-house and can’t access your CRM database for a few hours, this will likely leave your customers with a bad impression. By outsourcing your IT, you can rest assured that someone else will be keeping an eye on things, so you can move your attention to more important matters.

Increased Security

Small businesses and startups are particularly vulnerable to hacks and ransomware. By outsourcing your IT services, you can rest assured that someone in the know is monitoring your IT systems for anything out of the ordinary. This could range from unusual attachments in emails to brute force attacks on your network.

Scalability

The best IT support companies will provide scalable services that grow with your business. If you have to tighten your belt one month, you should be able to reduce costs, whereas if you are going through a period of rapid expansion, your IT provider should be able to keep up. Leveraging the scalability of outsourcing your IT is one of the best reasons to consider hosted cloud services for your tech startup.