Does your private equity firm have a spare $1million to hand over to random strangers? No? Well, you’ll need to make sure your IT systems are extremely resilient to cyberattacks then. $1million+ is the average ransom for midsized private equity firms subject to cyberattacks (according to Accenture).

Cyberattacks are real possibilities for private equity firms. Cybercriminals know that you deal in sensitive data and high monetary transactions – both of which are hugely attractive to them. Yet only 27% of private equity firms feel resilient to potential cyberattacks says Accenture.

There’s something to be said for playing to your strengths. As a private equity firm, you are absolute experts in your field. But often, not when it comes to IT. So, leaving IT to specialists like Mirus could be an attractive proposition for you.

Core IT needs for private equity firms

Here at Mirus IT, we’ve worked with more than 20 private equity firms over the decades we’ve been in business, so we truly understand your challenges, concerns and fundamental IT needs.

Your key IT priorities include:

Data security

This is of paramount importance. As a private equity firm, you’ll be dealing with highly confidential information on a daily basis. So, handling it securely and sensitively is a top priority for you.

Cybersecurity

Cybersecurity and maintaining the integrity of your data is also high on your list. The confidential information you hold and high value financial transactions you make are tantalising for cybercriminals.

Ongoing availability of systems

You have global working hours. You can be closing deals and finalising transactions at any time of the day or night, depending on where your international clients are based. So, we know that your IT systems need to be available 24/7, with round the clock support.

Accessibility of information

Whatever platform your data resides on (such as SharePoint or Microsoft Azure), your people need to access it securely. With an increase in remote or hybrid working, it’s essential that this information is protected yet accessible from any location.

Exemplary customer service

We understand that you’ll be looking upper levels of professionalism and support. Everything from the people to the data, need to be handled with care. Response rates to your queries need to be swift. And you want to experience the levels of customer service that match your own exemplary standards.

Private equity firms and cybersecurity

The private equity sector is being explicitly targeted by cybercriminals. The vast monetary sums involved in your transactions entice cybercriminals like bees to honey. Research shows that 68% of private equity firms see an uptick in cyber incidents during the month of a deal closure.

And ransomware poses a huge risk to your business for two reasons. Firstly, the cyber criminals want to intercept the monetary transactions as they’re taking place. But secondly, they know you’re a gateway to larger financials organisations, which without protection in place, leaves you vulnerable.

That’s why a managed IT service like Mirus comes in. Take a look at the five ways you’ll benefit from working with a service like ours…

Five ways private equity firms benefit from managed IT services

1. Ensure high levels of security

Ensuring high levels of security is the number one benefit from using a managed IT service. You can rest assured, by partnering with a managed IT service provider like Mirus, that your systems will be monitored around the clock, have threat detection in place that will respond to any issues instantly. This proactive approach helps to protect sensitive data and minimises the risk of costly breaches.

Mirus’s experience: Our Managed Endpoint Detection and Response (EDR) is a cutting-edge cybersecurity service that detects and prevents cyberattacks by identifying suspicious behaviour. The service is fully managed by us at Mirus so you gain peace of mind and the headspace to focus on your business priorities.

2. Wide-ranging expertise

As a managed IT service provider, we work across various industries and businesses, gaining a wider awareness of attacks, new technology and different ways of solving problems. Our depth and strength of knowledge is far greater than one IT person working in-house. Your company will benefit from our team’s best practice knowledge and solutions.

Mirus’s experience: When one of our experts is integrated with your business (usually as CIO or VCI), they’ll ensure cybersecurity is a topic of conversation in every board meeting. Plus, they’ll introduce advanced technology solutions to optimise your business processes and protocols.

3. Cost efficiency

Outsourcing your IT services to a managed service provider like Mirus is less expensive than employing a team of people in-house. Working with us, you’ll avoid high recruitment costs and the responsibility of ongoing IT maintenance.

Mirus’s experience: Benefit from predictable fees and highly experienced, dedicated professionals managing your IT services. As managed IT service providers, we can provide comprehensive IT support and security for your business, 24 hours a day, seven days a week.

4. Innovation

Our IT experts can introduce innovative technologies and solutions to give your business a competitive edge. Leverage these advancements and enhance your business’ position.

Mirus’s experience: Having one of our experts integrated into your business means that you benefit from their extensive technical knowledge. You gain from their work and experience in an array of businesses and industries.

5. Focus on key areas

Allowing everyone to do what they do best delivers great results. By outsourcing your IT services to IT professionals like us, you can focus on your business and core competencies, and we’ll focus on ours.

Mirus’s experience: Our private equity clients gain peace of mind, knowing that their data’s being monitored and kept secure around the clock. This allows them to prioritise their business strategy and focus on managing daily operations.

Why choose Mirus as your managed IT services provider

Having worked with 20+ firms in this space, we know that data integrity is hugely important to your business and understand the very real threat of cyberattacks.

We appreciate that you make global deals. During that time – be it 3am on a Thursday or 3pm on a Sunday – you need to know that you can make a fluid transition. That your systems are there and working.

And if there’s a problem, you can pick up the phone and know that somebody’s going to be there to support you – any time of day or night. We provide that level of exemplary support. Crucially, we’re experts at amplifying your security and putting protective measures in place to minimise risks.

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Trust Mirus to protect your data and respond to threats swiftly and effectively. Get in touch with us to chat about your data security needs and concerns today.