There has been a significant reduction in the lifespan of IT equipment over the years. Owing to their incompatibility with the latest technological trends, hardware and software solutions may need to be replaced at a much faster pace than before.

When discussing the escalating issue of ransomware attacks with cybersecurity experts and industry leaders, they emphasised that modern cyberattacks frequently exploit vulnerabilities in an organisation's tech infrastructure. These vulnerabilities may stem from outdated internet-facing equipment or compromised employee passwords.

This is currently the age of cloud computing which is why large companies are migrating to cloud infrastructure and ditching on-site business servers. At the same time, small to medium…