How Financial Advisors, Broker-Dealers & Wealth Management Teams in the Tri-State Area can Leverage "National Clean Your Virtual Desktop Day"

EDGEWATER, N.J., Oct. 17, 2019 /PRNewswire-PRWeb/ -- October 17 is National Clean Your Virtual Desktop Day, and this highlights how financial businesses need to do far more than just organize their virtual desktop.

Magic Desk Online (MDO), offers businesses a superior service coverage comprising of Managed IT Security and IT Consulting and Support. We assist businesses in the tri-state area (New Jersey, New York, and Connecticut) by identifying and addressing weak spots in their IT infrastructure as these weaknesses make firms vulnerable to cyberthreats and data loss. We believe attention should be focused on this right now, before it's too late.

What the Statistics Show
According to the 2019 SMB Cyberthreat Study, a massive 66% of SMBs do not believe that they are likely to be targeted by cyberattacks, 60% report that they do not have a cyberattack prevention plan, 25% have no idea of what digital security strategy is and only 9% ranked cybersecurity as a top business priority.

And yet, 71% of financial services and insurance SMBs, report that a major breach would be fatal to their businesses. The Kaspersky Lab 2018 B2B Survey shows that at the present time, average global data breach costs for SMBs are a staggering $120,000, (up 36% from $88,000 in 2017).

"Small businesses are extremely vulnerable to cyberattacks—the sooner they deploy the right systems, the better. Our highly scalable, cost-effective and dynamic VaaS solution offers lightning-fast and secure access to all your data and applications from any device while saving you money on hardware, software, system administration, and maintenance. It is a great fit for clients with ever-evolving requirements and high-uptime needs," said Alex Kaplan, the Co-Founder of MDO.

The Need to Avoid Huge Financial Penalties for Noncompliance
In 2014, FINRA collected $132.6 million in financial penalties for noncompliance and took 1,397 disciplinary actions against brokers and brokerage firms. In 2015, it collected $93.8 million in fines, which increased to $173.8 million in 2016 and dropped to $64.9 million in 2017, and $61 million in 2018. Although the number of disciplinary actions taken by FINRA may have declined, the fines that have actually been issued in each case have increased.

To that end, having the right IT partnership is essential, as it will empower financial companies to: access any files and documents quickly, free up space, speed up the network and safeguard sensitive information from data loss threats.

"Every client has unique needs, which is why we create a custom-tailored solution for each situation. Our expert knowledge of the financial services sector allows us to be the best IT advisor to our clients for just a fraction of the cost they would normally pay to huge conglomerates. We can deploy required FINRA/SEC fully compliant environment within 48 hours or less," said Eugene Shebayev, Co-Founder of Magic Desk Online (MDO).

The Solution
MDO's Virtual Desktop Infrastructure as a Service (VDIaaS/VaaS) is a four-pronged state-of-the-art solution consisting of: "Office Force" that moves computer hardware (like desktops and servers, software, storage, and other components) to the cloud, to free up the space; "Hack Secure" which focuses on data protection and secure access; "Claim Protect" that ensures data storage and archives are FINRA/SEC compliant; and "Quick Restore" for disaster recovery, in the event of a hack, data loss or downtime.

By 2022, the global Virtual Desktop market is expected to grow to $5 billion (at a Compound Annual Growth Rate (CAGR) of 9%) between 2016 and 2022. For more information about Magic Desk Online (MDO), and the comprehensive services it can offer your company, please visit: http://www.magicdeskonline.com

About Magic Desk Online
Located in Edgewater, NJ, Magic Desk Online (MDO), is a full-service Information Technology (IT) company that provides Managed IT Security and IT Consulting and Support services to wealth management teams, broker-dealers, and financial advisors in the tri-state area—New Jersey (NJ), New York (NY), and Connecticut (CT). The team consists of seasoned IT professionals with over 25 years of technology experience spanning multiple fields—from enterprise virtualization architecture and networking, to multi-platform systems—with an emphasis on enterprise IT architecture, engineering, and integration.

As a third party vendor, MDO helps registered Broker Dealers and Financial Advisors achieve the required FINRA/SEC setup in less than 48 hours. Moreover, this service is a fraction of the cost that BDs would normally have to pay by outsourcing or hiring internal staff. It provides fast, reliable, seamless remote office connectivity. In addition, we offer expertise to minimize cost and optimize IT operations, security, and the stability of the entire infrastructure. The co-founders of MDO, have worked with numerous Fortune 500 firms, including the Royal Bank of Canada, BofA Merrill Lynch, TD Ameritrade, Goldman Sachs, and Guggenheim Partners, along with countless small and medium-sized businesses (SMBs).

Contact
Name: Dimitry Manousevich
Phone: 1-833-223-3878
Email: [email protected]
Company: Magic Desk Online
Website: http://www.magicdeskonline.com

SOURCE Magic Desk Online