A Unified Threat Management (UTM) is an approach that allows an IT department to manage the entirety of an organizations network security through a lone console. Having all relevant applications, programs and infrastructure components controllable via a single heads-up display (HUD) makes network monitoring, configuration, and threat response so much easier that a single network administrator might be enough to do the job thus freeing other IT personnel for other tasks.
A UTM is also referred to as USM (Unified Security Management) and is the latest phase in the evolution of the firewall. The management system would be composed of everything an organization may need to maintain adequate security functions. The system was initially designed for Small and Medium Businesses (SMBs) who are often tight on the budget and short on manpower. Today, UTM variations for Fortune 500 corporations as well as small and startup enterprises.
The Unified Threat Management console, often referred to as the UTM appliance, should have under its control all apps and components needed to provide the minimum acceptable level of network security.
All-in-one solutions are more affordable and user-friendly compared to getting one solution for each function. This is what makes Unified Threat Management systems so attractive. In the past five years, the UTM industry has steadily grown by more than 40 percent per year.
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More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
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