Hughes Launches Small Business Cybersecurity Solution

Rhea-AI Summary

Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, has launched a small business cybersecurity solution. The Hughes Managed Cybersecurity package offers enterprise-grade protection with automatic wireless backup connection. Powered by Fortinet's Next-Generation Firewall, it safeguards business networks and data against threats across all connected devices.

Key features include cyber protection, content filtering, higher network availability, flexible Wi-Fi connectivity, and real-time threat intelligence. Eligible Visa small business cardholders can save 25% on this solution through Visa SavingsEdge®. The package can be self-installed or professionally installed, and comes with 24/7 expert support and next-day maintenance.

Positive

• Launch of a new cybersecurity solution targeting the small business market
• Partnership with Visa offering 25% discount to eligible small business cardholders
• Inclusion of enterprise-grade features like next-generation firewall and automatic 4G LTE wireless backup
• 24/7 expert support and next-day maintenance included in the package

Negative

• None.

Insights

Tech Expert

Hughes Network Systems' launch of a small business cybersecurity solution is a strategic move in a rapidly growing market. With 46% of cyber breaches affecting businesses with fewer than 1,000 employees, this offering addresses a critical need. The solution's key features, including next-generation firewall, content filtering and AI-powered threat intelligence, provide a comprehensive security package.

The inclusion of automatic 4G LTE wireless backup is particularly noteworthy. This feature ensures business continuity during internet outages, a important aspect often overlooked in small business cybersecurity solutions. The flexible Wi-Fi connectivity option, catering to both employees and guests, adds value by addressing the diverse networking needs of small businesses.

However, the true differentiator lies in the solution's accessibility. The 25% discount for eligible Visa small business cardholders through Visa SavingsEdge® makes enterprise-grade cybersecurity more affordable for small businesses. This pricing strategy could potentially accelerate adoption rates in a market segment that has traditionally been underserved due to cost constraints.

While the offering seems robust, its effectiveness will largely depend on the quality of Hughes' 24/7 expert support and next-calendar day maintenance. The self-installation option is a double-edged sword - it reduces deployment costs but may lead to configuration errors if not properly guided.

In the broader context, this launch aligns with the growing trend of managed security services tailored for small businesses. It positions Hughes competitively in this space, potentially driving growth in their Enterprise Division. However, the success of this offering will hinge on Hughes' ability to educate small business owners about cybersecurity risks and the value proposition of their solution.

Market Research Analyst

Hughes' entry into the small business cybersecurity market is timely and potentially lucrative. The global cybersecurity market for small and medium-sized businesses (SMBs) is projected to grow at a CAGR of 14% from 2021 to 2026, reaching $68.3 billion by 2026. This launch positions Hughes to capture a slice of this expanding market.

The partnership with Visa through the SavingsEdge® program is a smart move. It not only makes the solution more affordable but also leverages Visa's vast network of small business cardholders. This could significantly boost adoption rates and help Hughes quickly gain market share.

However, the small business cybersecurity market is increasingly competitive. Major players like Cisco, Palo Alto Networks and Fortinet (whose technology Hughes is using) already have established offerings. Hughes will need to differentiate itself through superior customer service, ease of use and effective marketing to stand out.

The emphasis on self-installation and 24/7 support could be a key differentiator. Many small businesses lack dedicated IT staff, so a solution that's easy to deploy and manage could be very attractive. However, this also presents a challenge - ensuring that non-technical users can effectively utilize all features of the system.

From an investor perspective, this move diversifies Hughes' revenue streams and could provide a steady source of recurring revenue through subscription-based services. If successful, it could contribute significantly to the company's Enterprise Division growth and potentially impact EchoStar's (SATS) stock performance positively in the medium to long term.

Eligible Visa small business cardholders can now save 25% off on the Hughes Managed Cybersecurity solution available through Visa SavingsEdge

GERMANTOWN, Md., July 30, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar (Nasdaq: SATS) company, announced the launch of a small business package from Hughes Managed Cybersecurity, a turnkey managed solution designed to help keep employees and customers safe. Small businesses have access to a new offer that provides an affordable, enterprise-grade cybersecurity solution with automatic wireless backup connection. Hughes Managed Cybersecurity, powered by Fortinet's Next-Generation Firewall, continually protects business networks and data against the latest threats across all connected devices including PCs, laptops, smartphones, and various IoT devices, such as smart cameras and sensors.

"With 46% of all cyber breaches impacting businesses with fewer than 1,000 employees, it is important that small businesses protect themselves," said Dan Rasmussen, senior vice president, Enterprise Division, Hughes. "Small businesses understand that strong cybersecurity and reliable network connectivity is essential for maintaining customer trust and avoiding negative financial impacts in today's marketplace." 

Hughes award-winning cybersecurity solution offers:

• Cyber Protection to safeguard businesses with a next-generation firewall with Intrusion Detection and Prevention System.
• Content Filtering that blocks malicious or potentially liable websites, boosting security and productivity.
• Higher Network Availability which ensures businesses stay online during inevitable internet outages with an automatic 4G LTE wireless backup connection.
• Flexible Wi-Fi Connectivity that provides both enterprise Wi-Fi for employees and guest Wi-Fi to grant access to customers and vendors.
• Real-time Threat Intelligence via AI-powered security services that power the next-generation firewall to safeguard against exploits, vulnerabilities, zero-days, known, and previously unknown attacks. 

Eligible Visa small business cardholders can now save 25% off on the Hughes Managed Cybersecurity solution available through Visa SavingsEdge®. Terms apply.

Hughes Managed Cybersecurity for small businesses can easily be self-installed, or it can optionally be professionally installed. The customer will immediately gain access to Hughes 24x7 industry expert support and next-calendar day maintenance to keep their service fully operational.

Visit the Hughes Managed Cybersecurity small businesses website to learn more about the offering, and the Hughes website for additional cybersecurity offerings for mid-to-large enterprises in retail, financial, hospitality, and government industries, among others.

About Hughes
Hughes Network Systems, LLC, an EchoStar (Nasdaq: SATS) company, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments, airlines, and communities worldwide. The Hughes flagship internet service, Hughesnet®, connects millions of people across the Americas, and the Hughes JUPITER™ System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, mobile network operators and military customers. Hughes products and services have helped bring in-flight video and broadband to thousands of aircraft for over twenty years. A managed network services provider, Hughes supports approximately half a million enterprise sites with its HughesON™ portfolio of wired and wireless solutions. To learn more, visit www.hughes.com or follow HughesConnects on X (Twitter) and LinkedIn. 

©2024 Hughes Network Systems, LLC, an EchoStar company. Hughes and Hughesnet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.

 

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SOURCE Hughes Network Systems, LLC

FAQ

What is the new cybersecurity solution launched by Hughes Network Systems (SATS)?

Hughes Network Systems, part of EchoStar (SATS), has launched Hughes Managed Cybersecurity, a turnkey solution designed for small businesses. It offers enterprise-grade protection, including a next-generation firewall, content filtering, and automatic wireless backup connection.

How much can Visa small business cardholders save on Hughes Managed Cybersecurity (SATS)?

Eligible Visa small business cardholders can save 25% off on the Hughes Managed Cybersecurity solution through the Visa SavingsEdge program. Terms apply to this offer.

What are the key features of Hughes Managed Cybersecurity for small businesses (SATS)?

Key features include cyber protection with a next-generation firewall, content filtering, higher network availability with 4G LTE backup, flexible Wi-Fi connectivity for employees and guests, and real-time threat intelligence powered by AI security services.

Does Hughes Network Systems (SATS) offer installation and support for their small business cybersecurity solution?

Yes, Hughes Managed Cybersecurity for small businesses can be self-installed or professionally installed. The package includes 24/7 industry expert support and next-calendar day maintenance to keep the service fully operational.