IT Asset Management Software Addresses Increased Security Risks

The security products and services market is booming. Our universe is becoming more data-driven. With that evolution comes the need for the kind of increased security that IT asset management software can help provide.

The Current State of Cybersecurity

A recent edition of Cybersecurity Insights, a report produced by AT&T Business, shared the statistics of what was a challenging year for cybersecurity. In 2018, there was a 350 percent increase in ransomware attacks, a 250 percent increase in spoofing or business email compromise (BEC) attacks, and a 70 percent increase in spear-phishing attacks on companies. Even more disturbing were reports of crypto mining, which increased 4,000 percent in 2018 and describes a crime in which thieves hack into a user’s computer without permission to “mine” for digital tokens. The statistics are alarming and yet not surprising when one considers that only 1 out of every 3 companies is communicating to its employees about the risks of opening suspicious emails. Further, IT employees at 1 out of every 4 companies don’t know if there is any effort at education or prevention.

IT Managers Can Reduce Vulnerabilities

One cause of IT security vulnerability is the failure to regularly and adequately maintain those IT fixed assets. They require routine updates and service in order to run efficiently. Unfortunately, many companies fail to keep up with that maintenance, and for several reasons. First is the obvious one: Employees are busy putting out fires, and IT asset updates can very easily be forgotten. Second is asset tracking procedures. If the company in question is relying on a manual system of IT asset tracking and management, employees are likely to overlook maintenance schedules. Under such conditions, IT assets may even fall through the cracks and go missing and unreported. Companies with poor IT asset tracking standards may even discover months down the road that they’ve been paying insurance on “ghost assets,” or assets that aren’t even in their inventory anymore.

When IT fixed assets aren’t properly maintained, they slow down, which affects employee productivity. Those assets may break down and require expensive major overhauls or even replacement. Slow-moving IT equipment can leave organizations more at risk for the kind of security breaches described above.

IT asset management software effectively outsources the task of IT tracking and management to an automated platform that eliminates the risk of human error and oversight. Unlike manual asset tracking, which often results in employees having to hunt throughout the office for the assets they need, IT asset management software centralizes asset data in a single, secure and easy-to-access location.

Users may set up custom notifications and alerts so they never miss key maintenance on their IT assets. They may also establish custom security settings based on role, department or location, for example. Asset audits, which may be run through IT asset management software, enable companies to determine the assets they have and where those items are located. That knowledge eliminates the guesswork that results in duplicate items and waste and makes equipment refresh schedules easier to create.

Increased transparency also helps promote accountability. At any given time, employees know who has a particular asset, where that item is located, and its condition. They can access the IT asset’s complete maintenance history, lease/purchase information, warranty, insurance policy and depreciation, among other pertinent details.

A Simple Approach to IT Asset Management

Asset Panda makes IT asset management incredibly simple with a free app that houses all of your data and a built-in barcode scanner, eliminating the need for additional hardware. Because it syncs with the cloud, Asset Panda’s platform delivers real-time data 24 hours a day from your smartphone or tablet.

Protect your IT assets, your security and your reputation with Asset Panda’s intuitive, customizable IT asset management software. To learn more, visit

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