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Wholesale Distribution Cybersecurity

59% of customers believe their personal information is vulnerable to a security breach, and it is. In Sikich’s Manufacturing and Distribution Report, nearly half of surveyed companies experienced cyberattacks in the past 12 months. Less than 40% of smaller manufacturers perform cyber audits, with only 33% performing penetration testing, 32% security assessment of vendors, and 31% phishing tests on employees. With 45% of consumer data breaches caused by malicious attacks and 28% by human error, cybersecurity practices and employee security awareness training are essential in the wholesale distribution industry, for which the average cost of a data breach is $2.59 million.

Wholesale Distribution Cybersecurity

59% of customers believe their personal information is vulnerable to a security breach, and it is. In Sikich’s Manufacturing and Distribution Report, nearly half of surveyed companies experienced cyberattacks in the past 12 months. Less than 40% of smaller manufacturers perform cyber audits, with only 33% performing penetration testing, 32% security assessment of vendors, and 31% phishing tests on employees. With 45% of consumer data breaches caused by malicious attacks and 28% by human error, cybersecurity practices and employee security awareness training are essential in the wholesale distribution industry, for which the average cost of a data breach is $2.59 million.

What is Cybersecurity for the wholesale distribution industry?

Cybersecurity services defend wholesalers and distributors from cyber threats, such as malware, ransomware, and phishing, which can result in costly breaches, non-compliance fees, and loss of customer trust. Risk assessments, infrastructure penetration testing, anti-virus software, and firmware patches help shore up vulnerabilities and thwart cyberattacks. Incident response plans validate and eradicate threats to minimize damage and quickly get your wholesale distribution company back in business.

How can Cybersecurity improve your wholesale distribution business?

On average, an incident response plan and testing will reduce the cost of a data breach by 15%, while a business continuity plan reduces it 7.22% and employee training by 6.17%. While the mean time to identify a breach is 197 days and to contain is 69 days, companies that identified threats in less than 100 days saved more than $1 million. Cybersecurity services safeguard your IT systems from cyber threats, and if one breaches the system, an incident response plan can make all the difference in your bottom line and brand reputation.

Benefits of NexusTek’s Cybersecurity in Wholesale Distribution

For over two decades, NexusTek has protected wholesalers and distributors across the U.S. from cybercriminals. As an SSAE 18 SOC II certified company, NexusTek evaluates your infrastructure for weaknesses before patching them up and instilling user-focused security strategies to protect your employees, and subsequently, your customers. Our cybersecurity experts offer Security Information and Event Management (SIEM) and incident response and remediation to quickly identify, isolate, and eradicate threats to keep your wholesale distribution company ahead of competitors.

Protect your Wholesale Distribution company with Manageda Cybersecurity Provider to:

  • Increase system uptime with 24/7 monitoring and security alerts.
  • Decrease cost of security breach with log monitoring and incident response.
  • Improve customer loyalty through secure, on-demand systems availability.

Secure your wholesale distribution business with NexusTek.