Today’s Cyber Threats Demand Enhanced Strategies and Solutions
By Joseph E. Saracino, Jr., President & CEO, Cino Ltd. Family of Companies, which includes Cyber
Security Solutions
The term cyber security has become part of our everyday conversations. Headline grabbing data
breaches affecting the sensitive data of millions have become commonplace. In 2018, Lloyd’s, the world’s
specialist insurance and reinsurance market, which underwrites approximately one third of the global
cyber market (80% of which is written in the United States), estimated that cyber attacks cost businesses
as much as $400 million annually. This figure reflects direct damage and post-attack disruption to their
normal course of business. Despite these sobering figures, many organizations aren’t taking all the steps
necessary to protect their data and that of their customers. Even Information Technology (IT)
professionals and Managed Service Providers (MSPs) are not as prepared and trained as they should
be in the increasingly more complex arena of cyber security and defense. There are many
misconceptions surrounding cyber security held at all levels of many businesses, from the Board and
executive team to the IT department and rank and file employees. Gaining a better understanding of