Building a disaster preparedness strategy and more in this week’s best reads

According to Eaton, North American businesses lose $700 billion a year to downtime, with weather-related outages costing the economy between $18 billion and $33 billion a year. Given the stakes, organizations must have strong disaster preparedness strategies to survive extreme weather events and quickly restore operations. One of this week’s top reads explores why working with a qualified first response service provider helps organizations refine their disaster preparedness strategies.

We also covered a new threat vector: cybercriminals using the computing power of modern GPUs, such as the Nvidia GeForce RTX 4090, to crack passwords with great speed and efficiency. A machine running eight RTX 4090 GPUs could cycle through each of the 200 billion eight-character password combinations in just 48 minutes using brute force methods. We explored how to counter this threat and make passwords resistant to hacking attacks.

We also explained why organizations plan to spend heavily on cybersecurity products and solutions at a time when they are tightening their budgets to withstand a period of high inflation. In an interesting read, Alessandro Chiarini, Senior Vice President of Enterprise Authentication at Aware, raises and answers four key questions organizations should ask themselves when considering a cloud-based biometrics provider.

Here’s a look at this week’s top reads from Spiceworks News & Insights.

Strengthen your disaster preparedness with the help of leading service providers

According to Eaton, North American businesses lose $700 billion a year to downtime, with weather-related outages costing the economy between $18 billion and $33 billion a year. The U.S. Environmental Protection Agency (EPA) also states that the intensity of North Atlantic cyclones has “increased dramatically over the past 20 years, and eight of the 10 most active years since 1950 have occurred since the mid-1990s.

These realities require the adoption of robust disaster preparedness strategies that allow organizations to survive extreme weather events and quickly restore operations. In an interesting read, we explored how a qualified first response service provider, like Eaton, can use their experience and know-how to help organizations prepare for unforeseen events.

Eaton’s disaster response services provide organizations with a host of benefits, such as remote monitoring services, preventive maintenance and support services, UPS upgrades (kVA, power-saving system, firmware), Eaton replacement batteries, multi-vendor services (support for other manufacturers’ products), and factory-certified spare parts.

Click on here to learn more about how Eaton’s disaster recovery services help businesses.

Despite inflationary pressures, investments in cybersecurity will increase in 2023

Thanks to volatile food, energy and gasoline prices, inflation is rising at a rate not seen in 40 years, reaching 8.6% between May 2021 and May 2022. Electricity prices rose 12%, natural gas jumped 30.2% and food costs rose 11.9% over the past year. To help balance budgets and manage the potential impacts of recessions, companies are reconsidering how and where they spend their money.

According to the Spiceworks Ziff Davis 2023 State of IT Report, 83% of organizations are worried about a recession in 2023. 30% are reassessing vendors or contracts, 29% are decommissioning infrastructure, and 27% foresee a hiring freeze or a slowdown. Yet Gartner forecasts increased cybersecurity spending across the board in 2023, with cloud security investments up 26.8%, privacy and data security purchases up 16.9%, and 14.2%, respectively, and application security acquisitions up 24.7%.

So what’s the problem ? What drives companies to spend more on security even as they cut other budgets? We explored four major factors driving the growth of cybersecurity spending as organizations look to save money elsewhere.

Click on here to learn more about the four factors driving the rise in cybersecurity investment in 2023.

Can you stop hackers from using modern GPUs to crack your passwords?

Hackers have become so adept at cracking passwords that over 15 billion stolen logins from over 100,000 breaches are available on the Dark Web, and the use of these stolen credentials is responsible for 61% of all data breaches. The bad news is that hackers have found a new weapon to bolster their arsenal: high-performance GPUs capable of cracking eight-digit passwords in milliseconds.

For example, the new Nvidia GeForce RTX 4090 graphics card with 24 GB of G6X memory at its disposal could better meet the needs of hackers. In trials against Microsoft’s NTLM (New Technology LAN Manager) authentication protocol, the RTX 4090 recorded speeds of 300GH/sec and 200kh/sec. This allows it to crack passwords twice as fast as its predecessor, the RTX 3090. Perhaps the most chilling claim is that a machine running eight RTX 4090 GPUs could cycle through each of the 200 billion word combinations eight-character password in just 48 minutes using brute force methods.

Given the capabilities of the RTX 4090, we explored the key ways organizations can defeat the use of modern high-performance GPUs to crack passwords and protect their devices, data, and users from hacking attacks.

Click on here to learn more about the best tips to prevent hackers from cracking your passwords.

How to choose the best cloud-based biometrics provider for your organization?

Many small business owners are considering allowing their customers and employees to replace their password(s) with more advanced authentication methods like biometrics – faceprints, voiceprints, fingerprints or body scans. ‘iris. However, implementing biometric forms of authentication has typically required advanced technical development and special on-site hardware and equipment, which keeps biometrics out of reach for many organizations.

To overcome this handicap, organizations can opt for biometric authentication as a cloud-based SaaS service. The cloud provides scalable technology, expandable storage, parallel processing capabilities, and an accessible entry point for applications and services that rely on mobile clients. However, storing biometric data in the cloud raises security, compliance and privacy concerns. This is why end users should seek clear answers from their suppliers to ensure that these concerns are addressed.

In an interesting read, Alessandro Chiarini, Senior Vice President of Enterprise Authentication at Aware, raises and answers four key questions organizations should ask themselves when considering a cloud-based biometrics provider. If their concerns are resolved, organizations can get rid of outdated passwords once and for all and offer the promise of greater application flexibility and scalability.

Click on here to read the top considerations for choosing the right cloud-based biometrics provider for your organization.

As always, we invite you to explore our extensive coverage of the latest in the tech industry at Spiceworks News and Insights.

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