PalmTech Tips showing a few of the FACTS vs MYTHS

Running a business has always been a challenge, but the ever-evolving cybersecurity landscape has made it even more so. Every day, newer, more sophisticated cyberthreats emerge, putting businesses at risk of significant data, productivity, and financial losses.

Campbell Conroy & O'Neil, P.C. (Campbell), a US law firm counseling dozens of Fortune 500 and Global 500 companies, disclosed a data breach following a February 2021 ransomware attack.

Campbell's client list includes high-profile companies from various industry sectors, including automotive, aviation, energy, insurance, pharmaceutical, retail, hospitality, and transportation.

Lax bring your own device (BYOD) policies are a growing concern for businesses. If you're not managing your organization's BYOD policy properly, it can pose a host of security risks to your company. Below are some of the inherent security risks of BYOD.

Loss or theft of devices – Employees often bring their personal devices wherever they go.

When you consider the investments in your business that you can make as a CEO, you probably think to yourself, "Which investments will give my company the best ROI?" With that in mind, would you think of making a significant investment in bolstering your IT department?

Many CEOs are understandably hesitant to throw a lot of money into their IT department because the ROI is more difficult to estimate.

Losing or compromising data can be disastrous for your business. It can lead to reputational damage, costly lawsuits, and termination of contracts, among others. And because threats to data security are always present online, it's important to implement tough security measures that will keep your business data safe 24/7. Here are some tried-and-tested methods to safeguard your corporate data.

Have you ever thought about how much your data is worth? Information is possibly the most valuable part of your business – there’s your client database, accounting software and inventory management, and of course, any intellectual property you may own.

We have all made this mistake one time or another in our lives: you have been sitting in front of your computer working diligently to meet a deadline, and a wave of relief comes crashing over you as you hit that save button. You are feeling a sense of gratification as you prepare to send off hours of hard work to your boss or client; but then, the inconceivable happens.