Source: Keman Huang, Xiaoqing Wang, William Wei, and Stuart Madnick (HBR)
Cyber risks are on the rise, with organizations experiencing multiple data breaches and a surge in ransomware attacks. These incidents have significant consequences, including stock price declines and market cap losses. The impact can spread throughout the supply chain, causing even greater losses. Long-term effects include increased costs, such as remediation and legal fees, as well as potential credit-rating downgrades and underperformance in the market. To mitigate these risks, executives should have a cybersecurity champion on the board and develop a long-term cybersecurity strategy. This includes integrating cybersecurity into processes and structures, prioritizing cybersecurity at the organizational level, and fostering a strong cybersecurity culture among employees. Taking these steps is crucial for protecting the bottom line and maintaining competitiveness in the face of evolving cyber threats.
Source: https://www.forbes.com/sites/forbestechcouncil/2023/09/27/2024-tech-trends-businesses-should-start-preparing-for-now/?sh=1e708f2c1ea8 As we approach 2024, technology continues to shape the business landscape, extending beyond…
Source: https://www.forbes.com/sites/forbestechcouncil/2023/11/17/network-optimization-15-considerations-when-adopting-emerging-tech/?sh=70fe0b7579da Businesses today are driven by data and digital tools. Employees, and often external…
Source: https://www.forbes.com/sites/forbestechcouncil/2023/06/14/3-ways-emerging-technology-is-key-to-company-growth-in-2023/?sh=12b050467daf In the face of economic challenges, business leaders are turning to technology, profitability,…
Source: New Technologies Arrive in Clusters. What Does That Mean for AI? (hbr.org) Machine learning,…
Source: https://www.entrepreneur.com/growing-a-business/best-practices-for-managing-network-infrastructure/447210 Optimizing your IT infrastructure is like having the right-sized road for smooth driving.…
Source: https://hbr.org/2023/07/what-is-responsible-computing In recent years, IBM has engaged with numerous Chief Technology Officers (CTOs) across…