Most probably, emergencies, business systems failure, calamities, among other risky events, are not part of the things you think about and plan for as an entrepreneur. That is part of the reasons why man-made and natural disasters can bring down even the most successful entities. Such disasters include disease outbreaks, floods, cyberattacks, hurricanes, and fires, which can wreak havoc on firms. For that reason, implementing a business continuity plan as well as ensuring that it remains up-to-date is not an option in this case.Read more
In the last decade, there has been an increase in the number and severity of cyberattacks. Contrary to what many would think, even large corporations and state agencies are susceptible to such threats. According to a report by the Center for Strategic & International Studies (CSIS), a think tank, there have been hundreds of attacks on U.S. state agencies, including the Department of Defense (DoD). Previously, contractors servicing the DoD were allowed to conduct self-certification and assessment. However, in light of the increasing threats, companies must now meet the Cybersecurity Maturity Model Certification (CMMC) requirements to bid on contracts.Read more
Information technology is a democratizing force that can change our lives by making technology tools and services accessible, faster and more easily understood — most times at a lower cost. Complex algorithms now often take the place of traditional users, perhaps offering more efficient and personalized products for end users.