Today, nearly 30% of all business is conducted online. The internet has allowed organizations to grow, reach new markets, and interact with target audiences in entirely new ways. Both internal and external communications use the internet to power voice, video, chat, and collaboration platforms. But what happens when your internet connection is breached or fails?
Shared internet connections increase the risk of security breaches, including viruses, cyber-attacks, and more. A shared internet connection removes an additional layer of security. Anything that a business sends that is unencrypted can be monitored by individuals outside of the organization; anyone can see the network traffic, unless they have a team in place to establish additional security protocols, which can significantly increase cost.
When a business’ internet fails, the damage can also be catastrophic. The average cost of internet slowdown and downtime for a business is $5,600 per minute, a cost that many businesses never recover from. Internet slowdowns and downtime are often attributed toa shared internet connection, which businesses most often utilize. Shared connections allow many businesses and users to utilize the same internet connection, sharing the bandwidth between them. The bandwidth is split between any number of users accessing the connection at one time. As more users connect, the bandwidth is stretched between every user, which can create decreases in internet speed, latency, jitter, and packet loss.The degradation of the bandwidth negatively affects employee productivity, as the bandwidth no longer adequately supports the platforms that enable them to complete their tasks.
The role business internet has today is integral, which means internet failure impacts multiple aspects of a business, including employee productivity, customer satisfaction, sales conversions, and loss of data. It is critical that organizations proactively protect their internet connection and operations.
"68% of business leaders felt the risk of cyberattacks increasing."