Monday, April 26, 2021

Why Is IT Support Important for Financial Institutions?

 

Statistics on a laptop

Managed IT services are an investment that can pay good dividends to financial organizations. It can help them achieve a wide range of corporate initiatives, primarily related to cybersecurity and productivity. Here’s why IT support is important for financial institutions:

Data Security

Like law firms and healthcare organizations, financial institutes are primary targets for cyberattacks. These institutes are heavily targeted by cybercriminals, who want to gain unauthorized access to their client’s private information. 

A managed IT service provider offers advanced cybersecurity solutions that help financial institutes increase data security and ensure their network remains safe and protected. 

Professional IT service providers install the latest patches and updates to ensure the system doesn’t have any vulnerabilities that can be exploited by hackers to infiltrate into the system and steal the company’s valuable information

Secure Transactions

Financial institutes, especially banks and credit unions, heavily depend on information security technology. Online transfers allow them to carry out a large volume of transactions without any hassle. 

Cybercriminals are always looking for ways to penetrate their security to gain illegal access to funds. They primarily focus on phishing websites and malicious links to trick employees expose their confidential user access details. 

A managed IT service provider can create a secure information network and free up the time of your in-house IT staff which can be used to increase cybersecurity awareness through continuous training.

Operational Benefits 

Hiring managed IT services leads to increased productivity and cost savings. Robust IT support minimize the downtime for financial institutes, saving them thousands of dollars. 

It also reduces infrastructure costs as financial institutes can downsize the infrastructure, which requires costly maintenance. 

Outsourcing the management of IT environment to a managed IT services provider also frees up in-house IT staff’s time, allowing them to focus on more important tasks. 

The financial institute gains access to immediate, expert-level support for a predictable monthly cost, which isn’t possible if solely relied on an in-house IT team.

VIXTRO is a Melbourne-basedmanaged IT services provider that provides dedicated cybersecurity solutions to financial institutes. The company works according to data privacy compliance and security frameworks to ensure seamless operations. 

The cybersecurity consultant in Melbourne also offers IT support and business VoIP telephone & data services. Call 1300 VIXTRO or visit their website to learn more!