Past mistakes teach us valuable lessons. How costly are current weaknesses that cause future business disruption and loss events? Building and presenting an actionable plan is the basis for the stakeholders to make sound decisions.
How will events this year impact the income statement? Cyber risk can negatively impact revenue, COGS, operating expenses, and net income, while cybersecurity investments can help protect and improve these financial metrics.
How will everyone react to the next downtime event? The key is communicating how business disruption will impact revenue and profitability, so management understands and has an opportunity to limit the cost and duration.
Phishing is a popular form of cybercrime because it is effective. Email provides direct access to you, and all successful email-based attacks are disruptive. Read and share these practical steps to reduce human error and loss events.
Measuring the effectiveness of IT continues to be a leadership struggle. CFOs look to metrics to gauge IT’s ability to deliver. Companies do not budget IT spending as value chain costs, so CFOs continue to view IT as a support function cost center.
Supply chain dependencies continue to impact production. Labor and material shortages are not the only pressure; cybersecurity in the manufacturing industry must evolve because the future of manufacturing will include supply chain risk. Read and share this article.
Optimism bias becomes a problem when we ignore the facts and allow ourselves to believe it won’t happen to us. We disregard the reality of an overall situation, which causes problems within our professional and personal lives. Read and learn about how this CFO was held responsible for their bias.
How will joining the Two-Comma Club change your earnings and reputation? Read and share this article.
How does SWOT check blind spots and firmly held assumptions that prevent the development and leverage of assets (people, information, technology, and facilities) within your business? Read and share this article.
Each day, we make decisions about money, time, and energy that flow down the drain. Without a stopper in place, we can struggle to evaluate and measure consumption effectively. These recurring leaks in cash flow lead to wasteful spending habits each quarter. Read and share this article.