Cybersecurity is becoming increasingly important as technology plays a more prominent role in our daily business operations in both small and large corporations. This increase in technology comes with an increased threat of cyberattacks. According to the U.S. Small Business Administration, over 700 thousand cyberattacks against small businesses resulted in damages totaling 2.8 billion in 2020. Companies must implement IT safeguards to protect themselves from the recurrent increase in these attacks.
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The new year has just begun and it is a time of renewal as we plan for the possibilities to come in 2023. It is also a time when you need to plan for resiliency in the event of a cybersecurity attack.
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As the digital world evolves, the threats it faces also evolve. Despite its seemingly innocuous name, phishing is considered to be one of the most dangerous cybersecurity threats facing businesses today. The sophistication of phishing attacks (which entail various fraudulent attempts to obtain user information, credit card numbers and passwords) is continuously on the rise.
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In modern terms, discussions about development in business circles (from small and medium businesses to governments to multinational corporations) must involve digital transformation to be effective. It is no different in other sectors. This transformation does not happen to every company in the same way but cyber resiliency is important to the development of companies.
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The global pandemic put a big emphasis on the need to run a business from anywhere. Enabling employees to work remotely requires cloud solutions. This includes collaborative platforms like Google Workspace and Microsoft 365. VoIP (Voice over Internet Protocol) phone systems have also become critical.
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The evolution of technology has frequently been consistent and current leading technologies tend to get quickly outdated. Statista's forecast on emerging technology trends shows that there would be a 104% increase between 2018 and 2023. Fields in these emerging techs include AR/VR, Internet of things software, metaverse, etc.
With this advancement, any business that wants to stay relevant and competitive will need to be ahead technologically and adopt the provisions of the new technologies to advance its operations.
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One constant struggle in offices is the balance between user productivity and security. If you give users too much freedom in your network, risk increases. Add too many security gates and productivity can dwindle.
It is a fine balance between the two but you can achieve it. Organizations need to recognize the importance of both and not sacrifice one for another.
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Although the idea of the metaverse is prevalent, few people are knowledgeable about it and businesses are unsure if they should pay attention to it. Can something so publicized and 'unreal' even be relevant to their industry? The quick response is yes.
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