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In the digital age, data is the lifeblood of businesses. It fuels operations, decision-making, and customer interactions. But there is a dark underbelly of this data-centric landscape. It’s the persistent threat of data breaches. The repercussions of a data breach extend far beyond the immediate aftermath. They often haunt businesses for years. Only 51% of data breach costs occur within the first year of an incident. The other 49% happen in year two and beyond. We’ll take a look at the long-term consequences of a data breach. As well as examine a real-world example. You’ll see how a single breach…
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The integration of smart home devices has become synonymous with modern living. They offer convenience, efficiency, and connectivity at our fingertips. But a recent study has raised concerns about the darker side of these smart gadgets. It suggests that our beloved smart home devices may be spying on us. It’s natural these days to invite these devices into your home. Yet there is also the need to scrutinize their privacy implications. We’ll shed some light on the potential surveillance risks posed by smart home devices as well as discuss ways to safeguard your privacy in an era of increasing connectivity….
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Artificial intelligence (AI) is a powerful tool. It can enhance the productivity, efficiency, and creativity of your staff. But AI also comes with some challenges and risks. Businesses need to address and manage these to use AI effectively. Establishing clear and ethical guidelines, or “AI rules,” for staff interaction is essential. Otherwise, you may not know when AI is being used for business data. Employees may also be scared to use AI without direction. This can leave them missing out on incredible time savings. 64% of businesses expect AI to increase productivity. In this article, we will share some tips…
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Gamers haven’t really been the focus of cybersecurity for a long time. You mostly hear about attacks on businesses. Or stolen personal data due to phishing attacks. But gamers are not safe from hackers targeting them. As cyberattacks continue to escalate, gamers have become prime hacking targets. Malicious actors seek to exploit vulnerabilities in the digital realm. The gaming industry continues to expand. Also, more users immerse themselves in virtual worlds. As this happens, the risks associated with cyberattacks on gamers are on the rise. Cyberattacks on young gamers increased by 57% in 2022. Younger gamers playing games like Minecraft,…
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Technology plays a pivotal role in driving efficiency, productivity, and competitiveness. For small businesses, workforce technology modernization is both an opportunity and a challenge. Embracing modern technology can empower small businesses. It can help them thrive in a digital era. Yet many of them don’t keep up with modernization. For example, over 30% of small businesses haven’t upgraded systems in 4+ years. Some of the reasons SMBs don’t upgrade their tech include: The benefits of upgrading technology are many. One study found the following. That 45% of businesses modernizing tech saw improved ROI for IT investments. Other important benefits include…
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The battle against cyber threats is an ongoing challenge. Unfortunately, 2023 has proven to be a watershed year for data breaches. Data compromises have surged to an all-time high in the U.S. This is based on data from the first 9 months of the year. Meaning that numbers will only end up higher for the year. The last data breach record was set in 2021. That year, 1,862 organizations reported data compromises. Through September of 2023, that number was already over 2,100. In Q3 of 2023, the top data compromises were: This data underscores the relentless efforts of cybercriminals to…
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Cybersecurity has become paramount for businesses across the globe. As technology advances, so do the threats. Recognizing this, the U.S. Securities and Exchange Commission (SEC) has introduced new rules. They revolve around cybersecurity. These new requirements are set to significantly impact businesses. These rules are a response to the growing sophistication of cyber threats. As well as the need for companies to safeguard their sensitive information. Let’s delve into the key aspects of these new SEC regulations. We’ll review what they are and discuss how they may affect your business. Understanding the New SEC Cybersecurity Requirements The SEC’s new cybersecurity…
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Are you a small business owner or a freelancer who offers services online? If so, you might be wondering how to get paid by your customers in a fast and convenient way. You might have tried different payment platforms. But they often require you to switch between different apps or websites. This can be time-consuming and confusing. There is now another option to streamline the payment process. Microsoft has launched the Teams Payments app. This is a new feature that allows you to request and receive payments from your customers. You do it within Microsoft Teams meetings. The Teams Payments…
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