Bit-Wizards, a leading Managed IT Services provider celebrating its 25th anniversary, is urging businesses to take proactive measures against cyber threats and to identify security gaps that could jeopardize everything they’ve built.
Recent high-profile breaches—impacting Gucci, European airports, and Stellantis—prove even well-protected organizations can fall victim. For small and mid-sized businesses (SMBs), the stakes are even higher. Nearly 50% of SMBs were attacked in 2024, losing an average of $255,000 each, totaling $16.6 billion in damages.
But external hackers aren’t the only threat. 83% of organizations experienced at least one insider attack in 2024, with recovery costs ranging from $100,000 to $499,000, and 21% spent up to $2 million. Many incidents stemmed from negligence—56% of insider threats are caused by carelessness, not malice—highlighting the urgent need for preventive action.
“It’s easy to lose sight of your business's cybersecurity health because day-to-day focus on priorities like operations and growth might take precedence,” said Brian Schlechter, Bit-Wizards director of IT. “That oversight can come at a significant cost, though. If your company doesn’t have the bandwidth to evaluate security measures, implement effective policies, and maintain IT infrastructure, then it’s worth the investment of bringing in a service provider to handle that responsibility.”
Choosing not to act might save a few dollars today, but the cost of a breach tomorrow could be devastating. That’s why over 500 businesses have turned to Bit-Wizards in the last 25 years. Their unique blend of enterprise-grade tools and real-world expertise shields companies from external threats and internal errors—freeing them to focus on what matters most: running and growing their business.
Get in touch to see how Bit-Wizards Robust Security Measures can keep companies’ mission focused and out of harm’s way.
