On the Evolution of Work Systems in the Digital Economy
Tag Archives: cybersecurity
Our technology has grown and evolved in such a short time that it’s almost impossible to remember a time before we were able to control our car from our phone. Although this interconnectedness of everything (called the Internet of things) has made our lives much more convenient, it also has left us vulnerable to cyber attacks on the most unlikely of items.
What’s the big deal if someone decides to hack your baby monitor? Well, if someone has access to one of your devices, they can leapfrog across all your connected items and eventually compromise your system.
Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive.
According to one survey, 80% of bankers agreed that their institution “needs to complete an assessment over the next three years, but only 15% expected that to lead to a modernization effort.” Security threats, the demand for mobile banking, and outdated core banking systems are all driving banks to consider massive overhauls to their IT systems. These are the biggest modernization challenges facing financial institutions – areas where developers and remote software teams can play a significant role in keeping banks competitive. Read more of this post
Having spent the past several months exploring cybersecurity issues, including business-related risks, I encountered the following infographic that may serve as a useful reminder to any individual conducting business online. This includes the self-employed who represent themselves or those representing their business. So check this infographic out for tips on good habits to cultivate for your own cybersecurity!
Via Digital Guardian
Submitted by Tony Huynh at Siege Media
Edited by Lynn Patra
Doing business online has brought companies not only many opportunities but also many dangers. From attacks on Equifax to Instagram to even the IRS, cybercrime continues to threaten business information, company finances, online reputation, and relationships with customers. The growth in number and complexity of crimes means it’s no longer a matter of if your company will be attacked, but when.
As a small-business owner, you might think a cyber attack would never happen to you or, if it did, would have minimal consequences. Unfortunately, research shows that cyber attacks are a problem for small businesses too—last year alone, 61% of breaches impacted smaller businesses, costing them between $84,000 to $148,000 to rectify the situation. Financial damage is only one part of the equation, as companies also have to deal with the loss of information and trust with customers.
In this age, your organization’s success in the digital economy is tied to your cybersecurity practices. You need a sophisticated, layered strategy that is built into your company operations and takes preventative measures through your password practices, data protection, software, employee training, and compliance standards – all areas that are prone to a cyber attack entry.
Curious to see where your cybersecurity practices stand? Follow this infographic from Varonis to assess each step of your security and uncover any weak spots that need to be improved. Read more of this post