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TD SYNNEX Unveils New Fraud Defense Solution to Combat Widespread Security Risks
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
TD SYNNEX (NYSE: SNX) launched the SMB Fraud Defense Click-to-Run™ solution, integrating Microsoft Azure services for small and medium businesses (SMBs) to combat increasing cloud-based threats. This solution enhances security through phishing prevention and proactive alerts. Acknowledging a surge in cyber threats, a 2022 KPMG survey indicated that 62% of companies in the Americas experienced data breaches. Additionally, the average cost of a breach has reached $4.35 million, with small businesses spending around $955,000 per attack. The new offering aims to establish consistent security baselines amidst rising cybercrime.
Positive
Launch of the new fraud defense solution addresses rising cyber threats for SMBs.
Integration with Microsoft Azure enhances security posture and operational efficiency.
Pre-configured solution simplifies deployment for customers.
Negative
Overall market readiness for cyber threats remains low, with many organizations unprepared.
Industry-leading solution provides a multi-layer defense for small and medium size businesses against cloud-based vulnerabilities
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--
TD SYNNEX (NYSE: SNX) announced today the launch of a new fraud defense solution integrating Microsoft Azure services for small and medium business (SMB) customers during a time of increasing threats within cloud environments. The SMB Fraud Defense Click-to-Run™ solution elevates security postures and reduces potential risks in day-to-day cloud operations through phishing prevention, proactive alerts, warning signals, and more. The solution integrates Microsoft Azure Active Directory, now part of Microsoft Entra, empowering them to enforce Conditional Access policies to help organizations better control how users access corporate resources. It also enables organizations to take advantage of Azure built-in cost management features.
“Microsoft offers robust security measures as part of their products. However, this does require specific configuration and management for full effectiveness. To further protect partners and customers against cyber threats, TD SYNNEX developed this simple to deploy pre-configured solution designed for SMB customers to help mitigate fraudulent attacks and elevate their Azure environment security posture,” said Ed Morales, TD SYNNEX global vice president of security and high-growth business development. “We have created a solution that leverages vendor native tooling to solve a real-world problem leveraging a practical approach equipping partners to provide their SMB customers with the first line of defense.”
Cyber and security threats are on the rise, with a 2022 cybersecurity benchmarking study unveiling that 29% of CEOs and CISOs and 40% of chief security officers admitted their organizations are unprepared for a rapidly changing threat landscape.
“Trust is a top priority for Microsoft. We currently process more than 43 trillion security signals per day and in just one year, helped customers block more than 70 billion threats, leveraging the unique skills of more than 8,500 experts supporting our threat intelligence community and customers,” said Agnès Van de Walle, general manager, Global solution partners, Microsoft. "Cyber threats continue to rise and as these bad actors become increasingly sophisticated, small and medium businesses especially need more advanced and intelligent solutions to defend against them."
Cybercrime is globally impacting organizations regardless of industry or company size. A 2022 KPMG survey found that 62% of companies in the Americas experienced a data breach or cyber incident in 2021. Additionally, according to IBM’s 2022 Cost of a Data Breach report, the global average cost of a breach has reached an all-time high of $4.35 million, and small businesses spend an average of $955,000 per attack to restore normal operations.
“This solution will allow us to easily create consistent security and cost baselines for our customers in Azure, which as an MSP of many customers that consume Azure services, is vital to us,” said Steve Salmon, lead Azure architect at Managed 247. “Educating partners on the key benefits of Cost Management and Conditional Access will help prevent major issues for their customers in the future.”
TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s approximately 23,500 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com, follow us on Twitter, LinkedIn, Facebook and Instagram.
Safe Harbor Statement
Statements in this news release that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.
