All businesses today should have a disaster recovery (DR) plan. It protects an organization's critical business functions during a disaster and ensures that the company loses as little data as possible.
However, just having a plan is not enough to protect your business — you also have to make sure it works.
Formerly known as Office 365, Microsoft 365 is a suite of cloud-based productivity apps that can help small businesses stay competitive while keeping costs low. Let's take a look at some of the most useful apps in this post.
1. OneDrive for Business
As Microsoft 365's cloud storage solution, OneDrive for Business gives small businesses an easy way to store, sync, and share their files.
A ransomware attack on your business may result in serious downtime and data loss. The malware can encrypt your data and lock down your entire system, making it impossible to use your computer or network. The perpetrators of the attack demand a ransom, usually in the form of cryptocurrency, in exchange for the encryption key that would unlock your data.
Bring your own device (BYOD) setups became especially popular during the COVID-19 pandemic when many employees suddenly had to work from home. Since workers could use their personal devices to perform their tasks, businesses did not have to invest in extra hardware to remain operational.
Some people think cyberattacks succeed simply because cybercriminals are smarter and more technically skilled than their victims, but this isn't always the case. In fact, Verizon's 2022 Data Breach Investigations Report revealed that a distressing 82% of data breaches occurred because of human error.
Email scams such as phishing may not seem as sophisticated as ransomware, but the threat they pose to businesses should in no way be underestimated. According to studies, 90% of data breaches in 2021 resulted from phishing attacks. But data breaches, shouldn't be your only cause for worry.
This year’s Fast 50 is one of the most competitive groups in recent history.
The List, which requires businesses to attain revenue of $1 million or more in 2021, saw all 50 companies report growth in excess of 64.7%. That’s 38 percentage points higher than last year’s List.
IT is vital to the efficiency, profitability, resiliency, and security of today's businesses. Unfortunately, investing and maintaining IT systems can quickly drive up costs. Upfront expenses on hardware, software, and web services alone can cost your business a lot of money.
Data breaches can have severe repercussions on your business. They could disrupt your operations, damage your reputation, and cost you a lot of money. If you want to minimize the negative effects of a data breach on your business, then you should know how to properly respond to such an event.
The sunk-cost fallacy is a common psychological bias in which people continue investing time, resources, or money into something that is no longer delivering positive returns. This often results from a fearful belief that after having invested so much in something, giving up on it would result in all of those investments going to waste.
