Cybersecurity: Is It More Effective with Equipment Rentals?

Introduction

With the emergence of an era defined by technology, businesses are exposed to greater cyber vulnerabilities. Organizations are waking up to the need of securing their digital assets, with an optimal blend of technology and controls. The trend which is taking place in this regard is the cyber insurance now coupled with equipment rentals from some niche and specialist equipment providers like P J Networks Pvt Ltd. In this blog post, we present how answers to these types of questions demonstrate that renting cybersecurity equipment and solutions can combine with cyber insurance policies to effectively deliver a comprehensive form of risk management.

What is Cyber Liability Insurance

The purpose of cyber insurance is to help an organization handle this attack by compensating with financial losses rising from a variety of cyber incidents, such as stealing confidential information, data breach, business disruption or network disaster etc. Most policies pay for their investigations, legal fees, and client notifications — and some also help companies repair reputations. But it is primarily acted upon responsively, which means after a cyber incident. Insurers are also pushing for risk management before an event occurs.

Role of Security Equipment in Mitigating Risk

An example would be using technology that can help prevent future cyber attacks. That is when the protection of firewalls, servers and routers comes into play. Predictive Burstable auto scaling allows businesses to establish a strong line of defense using state-of-the-art equipment centering around IOPS-based environments. Said security equipment works to tame your network vulnerabilities and can result in reduced breaches. Businesses using advanced security equipment saw a 40% drop in cyber incidents, according to Cybersecurity Ventures.

Benefits of Renting from P J Networks Pvt Ltd

P J Networks Pvt Ltd offers easy rental solutions of high-end security equipment suitable for all commercial spaces. There are many benefits of renting as opposed to buying:

• Cost-Effective: For small to medium scales industries that do not have huge budgets, renting can be cost-effective as compared to purchasing.
• Flexibility: Organizations have ability to increase their cyber security capabilities in an on demand model, without the need for cost prohibitive investments in relevant tools or equipment.
• The Latest Technology: Renting guarantees access to the latest technology without having to deal with obsolescence.
• Maintenance and Support — P J Networks Pvt Ltd provides maintenance and technical support to make sure the equipment is always operational.

According to the statistics, businesses with security equipment on rent would have only 25% chance of undergoing a data breach compared to ones who depended on their old or outdated systems for protection.

Case Studies

Let us assume a mid-sized e-commerce firm with multiple data breaches decided to reinforce it cyber insurance policy by renting machines from P J Networks Pvt Ltd but after deploying rented firewalls and routers they have managed to reduce security incidents reported within one year by 30% – their insurance premiums have also been scaled down substantially. One more example would be a multinational corporation that was leasing sophisticated servers and experienced enhanced data processing speeds and security through outsourcing its risk profile.

Making Informed Decisions

Before you decide to rent equipment, businesses should have a complete risk assessment conducted. Factors to be consider; the nature of the business, sensitiveness of data handled and existing cyber infrastructure. This will help to identify from the advice, what kind of things can be purchased along with the possible cyber insurance so that your purchase strategy becomes more complete and effective. It is also worth investigating how changes might impact on insurance premiums – for example, some insurers provide discounts based on certain security measures being in place.

Conclusion

As long as cyber insurance is an integral part of business risk management, it can be used in conjunction with rented security equipment from providers such as P J Networks Pvt Ltd for an even more effective strategy to keep you protected. Renting enables commercial customers to have access to the latest and greatest technology in a cost-effective manner, essential for combating cyber threats that are constantly in flux. With educated, strategic adjustments and professional assistance, businesses can optimize their cybersecurity stance and minimize risks – which potentially reduces your insurance bills too. The domain of digital assets is broadening each moment, and in the future combining the world of equipment rentals with cyber insurance will act as a strong shield against these threats.