The global average cost of a data breach in 2023 is $4.45 million, a 15% increase over three years, according to a report by IBM. These figures highlight the importance of having 24/7 monitoring and rapid response capabilities when it comes to cybersecurity, especially for small and medium-sized businesses, which often lack the resources and expertise to deal with cyberattacks.
Continuous monitoring enables the timely detection of suspicious activities and potential breaches, allowing organizations to identify vulnerabilities and risks before they escalate. Rapid response is equally critical, as it minimizes the window of opportunity for malicious actors to exploit weaknesses and execute attacks, reducing the potential damage and costs associated with data breaches or system compromises.
Gaichu Managed Services, a provider of IT and cloud solutions for SMBs, is bringing 24/7 monitoring and rapid response capabilities to SMBs through a partnership with High Wire Networks' Overwatch Managed Cybersecurity, offering comprehensive protection for businesses against cyberthreats.
Gaichu Managed Services assists clients in effectively managing their IT requirements, encompassing design, implementation, management and supply chain optimization, both in the present and in anticipation of future needs. Hire Wire Networks specializes in managed cybersecurity and IT enablement services. With a network of over 625 channel partners, the company delivers reliable managed services to nearly 1,000 clients in the managed security sector and tens of thousands in the broader technology domain.
The partnership enables Gaichu Managed Services to leverage Overwatch’s security operations center and its team of certified security analysts, who can detect and respond to cyber threats in real time, minimizing the impact and cost of a breach.
Gaichu Managed Services will also offer its customers access to Overwatch’s comprehensive portfolio of cybersecurity solutions, including vulnerability assessments, penetration testing, compliance audits, endpoint protection, email security and more.
"Bringing together Gaichu Managed Services and High Wire Networks' managed cybersecurity solutions and expertise make a very powerful proposition which will drive enhanced value for our customers who face increasing cyberthreats,” said Al Hay, CEO for Gaichu Managed Services. “As the digital economy grows, we believe this joint solution will provide customers with the flexibility to securely extend visibility and control."
Gaichu Managed Services and High Wire Networks give customers confidence in finding the right cybersecurity solutions to keep their businesses transforming and running productively and safely.
Edited by
Alex Passett
