As businesses use digital solutions, business owners and CEOs need to be aware of the possible risks of the tech they’ve chosen. Even though many solutions have good security features to protect their customers, you should still look at specific risks and how likely they will affect your business.

Here are five chances that companies need to think about when it comes to technology.

You already know about some of the risks that come with technology. Remember these risks to protect your business and deal with possible threats cautiously.

  1. Accountability

First and foremost, businesses should have a team that works to reduce risks and takes responsibility for any mistakes. This group should develop new ways to protect the business’s digital assets. It should also help hold people accountable if a big problem comes up by:

  • Figuring out what caused the problem
  • Assisting with drafting public statements about the issue
  • Finding and sharing solutions that address the problem
  1. Data Loss or Breach

Even with advanced security steps, your business can still lose or steal data. Personal or financial data saved on a company’s cloud is a clear example of data people want. One data source that is often overlooked is the technology you use to run and organize your business.

If you protect your business’s mindset, knowledge, and methods, that critical information might not reach competitors. Some of the best ways to run a business are to keep trade secrets secret and to keep customer and staff information safe.

  1. Technical Debt

Many business owners don’t worry about technical debt. Any debt resolution is a long-term goal to achieve. Still, prompt resolution leads to more success in the immediate future. See whether your team can resolve any issues with your current digital infrastructure each month. This allows your staff and customers to quickly adapt to and appreciate the changes while progressing your company.

  1. Personal Device Usage

Everyone owns a mobile device these days. You’ll commonly see customers and employees alike check their phones or tablets occasionally. But personal devices only sometimes sport the most recent security features necessary to prevent malware and other threats from attacking your network.

Look into implementing risk management policies that address this. You can also install a guest network for device connections.

  1. Phishing

Phishing is among the oldest tech-related risks businesses need to consider. Yet, many staff members can still fall for a phisher’s sophisticated tricks. Phishing attempts are not as obvious as they once were. A phishing email can perfectly reflect a newsletter from inside the company.

Keep your staff updated about what more recent phishing emails might look like. Some companies develop educational courses to help employees identify and avoid phishing attempts.

Strong Risk Management for Businesses 

Stay updated on these and other tech-related risks businesses need to consider. Doing so will protect your business currently and in the future. Learn more proactive approaches to risk management.

Related Posts - TKS Blog

TKS Newsletter - 2025 February
Here's our February 2025 Newsletter Read the full PDF version here: The TKS Sentinel - February Issue In this month's edition, we discuss: Work-Specific Tools Windows 11...
Read more
common password mistakes
Password Management Tips For Businesses
Is Your Business Cyber Secure? Passwords are the front line of defense against cyberattacks. Yet, most businesses still struggle with password security—whether it’s employees using weak...
Read more
password managers for business
How Password Managers Strengthen Your Cybersecurity Posture
The Growing Threat of Password Vulnerabilities Protecting your sensitive business information has never been more critical than it is today. Passwords remain one of the weakest...
Read more
password protection in the era of AI
Password Security In The Age Of AI
The AI Threat to Password Security Artificial intelligence is revolutionizing many industries, but it’s also empowering cyber criminals. Recent studies reveal that AI can crack over...
Read more

Used with permission from Article Aggregator