As I’m sitting here in McCarran International Airport awaiting my jetBlue Red Eye back to Boston, I’ve been reflecting on my week here in Las Vegas at the Kaseya Connect conference. Kaseya is one of several technology partners that we have at Internet & Telephone, LLC. Specifically, we use the Kaseya Virtual System Administrator (VSA) IT management platform as well as AuthAnvil two-factor authentication. Both are part of our stack of specialized tools that we use to manage our customer infrastructures.
This was my first time attending Kaseya Connect and I’m impressed with the company and their roadmap for the future. What’s significant about this is that a few years ago, it looked like the company was moving in the wrong direction and was no longer going to be a good partner for us. That is no longer the case, at all.
We started the week off in the Customer Success Council meeting on Monday. During this invitation only meeting, Kaseya executives shared details on upcoming product developments and new initiatives, including recent and planned acquisitions. Following this meeting, Kaseya hosted a focused security symposium.
During the symposium, some interesting statistics were shared from the 2017 Verizon Data Breach Investigation Report. This report has become the annual standard bearer for the state of cybersecurity in the commercial market space.
Some highlights from the report:
- 62% of breaches involved hacking.
- 81% of hacks used stolen or weak passwords.
- 51% of hacks used malware to steal passwords.
- Over 1 billion credentials were stolen in 2016.
- It is recommended to deploy two-factor authentication to all users when feasible.
When considering two-factor authentication, consider that it meets these requirements:
- HIPAA for healthcare organizations.
- FFIEC for small banks and credit unions.
- CJIS for law enforcement agencies.
- The latest revision of the legal professional code of conduct requires it for remote access.
Following are some updated stats about data breaches, in terms of impact:
- Every record breached costs a company $158.00, on average.
- The average number of records breached, per data breach, is 3,000.
- This is an average cost of $475,000 per data breach.
- Short term impacts of a data breach are downtime, lost data and business interruption.
- Long term impacts of a data breach include damage to the company’s reputation, customer loss and lost revenue.
On Tuesday morning, Kaseya CEO Fred Voccola kicked off the event with an engaging keynote that shared interesting stats that you may read more about in my post from Wednesday titled Small and Medium Size Business Stats from Kaseya Connect.
Fred also provided a comprehensive review of what Kaseya calls it’s IT Complete stack. This includes the core feature set of the VSA platform that we use to manage our customers as well as new or updated modules focusing on network management, identity and access management, backup and disaster recovery, Office 365 management and backup and an impressive Cloud management module that will allow us to help our customers save money on their Cloud subscription costs.
I was also intrigued by some new initiatives around data analytics to help us manage our business better and deeper integration with our customer documentation system.
Kaseya did a very good job outlining the product roadmap and how we will be able to leverage these developments to help our technical team better manage our customers.
We have built our security offerings around the National Institute for Standards and Technology (NIST) Cybersecurity Framework. I was very excited to see that Kaseya has built their security offerings around this same framework. This will make aligning our security strategy with what Kaseya is and will be delivering to its partners a compelling benefit for our customers.
There was also a very interesting session on improving the user experience with IT. Using something called persona modeling, it’s an intriguing model of better understanding the needs of IT users based on their role in the organization from an individual, departmental and overall company mission point of view. I’m looking forward to testing this out to see what opportunities for improvement it may bring to the surface.
The conference wrapped up on Thursday with the entire Kaseya executive team sharing their thoughts on where the industry is moving, based on their individual areas of responsibility. This touched on all aspects of the solutions that Kaseya brings to its partners. I was particularly pleased to gain some insight into the companies Internet of Things (IoT) strategy. These are the myriad of devices that now have an IP address and connect to the network. As these devices become more prevalent and important to a company’s success, it is very important that they be managed, like every other device on the network and right now, there is no consistent model for accomplishing this and organizations need to be careful about deploying unmanaged devices onto their corporate networks. As we saw several times in 2016, these devices, left unprotected and unmanaged, can be taken over and used to carry out a data breach or attacks on other organization.
We also had the opportunity to have a private meeting with several members of the senior team to discuss our business plans and the status of our partnership. I was very pleased with the level of transparency and candor from everyone at this meeting and I am looking forward to working more closely with everyone at Kaseya to deepen our partnership for the benefit of our customers and our two companies.