Press Release

Winter Springs, Fla., (December 11,2024) - In a recent segment on Fox 35, Matt Rose, the Chief Experience Officer at Tech Rage IT, provided insightful commentary on the bankruptcy filing of Stoli Group USA, the maker of Stolichnaya vodka. The company's financial troubles have been attributed to a complex mix of political and business challenges, with a significant ransomware attack in August playing a pivotal role.

During the discussion, Rose emphasized the need for robust cybersecurity measures and shared key strategies for businesses to protect themselves from similar threats:

· Incident Response Plan: Rose stressed the importance of having a comprehensive incident response plan in place, highlighting that even large corporations like Stoli Group USA can struggle to recover from cyberattacks.

· Regular Data Backups: He recommended regular backups of critical data and underscored the necessity of testing data restoration processes to ensure effective recovery in the event of an attack.

· Cyber Insurance: Rose pointed out the benefits of having cyber insurance as a protective measure, advising businesses to consult with their insurance brokers to understand the coverage and support available during cyber incidents.

"Cybersecurity is a critical component of any business strategy," said Rose. "The challenges faced by Stoli Group USA serve as a stark reminder of the potential impact of cyber threats and the importance of being prepared."

Tech Rage IT continues to lead the way in providing managed IT services and cybersecurity solutions to businesses, helping them safeguard their operations in an increasingly digital world.

For more information, please contact:

For Tech Rage IT: Erica Martinez-Rose, 407-278-5664 ext. 102, Erica@TechRageIT.com.

For the UCF Business Incubation Program: Rafael Caamano, 407-408-4297 rafael.caamano@ucf.edu or Alan Byrd, Alan Byrd & Associates, 407-415-8470, alan@byrdconnections.com

About Tech Rage IT: Tech Rage IT is a woman-owned technology firm providing managed IT services, VoIP phone services, IT consulting and more to the frustrated, defeated and disappointed businesses craving more from their technology investment.

Tech Rage IT's registered tagline "We Prevent Tech Rage" speaks to their laser focus of being a recognized leader in reducing the raging-headaches that employers and their employees face every single day due to technology problems, such as inconsistent or high IT support costs, unreliable or outdated technology, faulty or slow devices, and ransomware or lost files. Tech Rage IT, headquartered in Winter Springs, has been serving the area since 2015. Find more information about how Tech Rage IT is preventing Tech Rage at www.TechRageIT.com.

About the UCF Business Incubation Program: The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has provided vital business development resources resulting in over 300 local startup companies reaching their potential faster and graduating into the community where they continue to grow and positively impact the local economy.

With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia Counties, and the cities of Kissimmee, Orlando and Winter Springs. For the 2017/2018 fiscal years, the activities of these participating firms have helped to sustain more than 6,725 local jobs and have had a cumulative impact of over $725 million on regional GDP and over $1.3 billion on regional sales. During the same period, the program has returned more than $12.00 in state and local taxes for every $1.00 invested in the program. In addition, for every $1.00 of public investment the firms also produced $118 of additional regional GDP and $226 of regional sales. For more information, visit www.incubator.ucf.edu.