Most business organizations have now adopted technology in every aspect including documentation, communication and manufacturing. Technology has made things so easy, quick and accurate; yet, when it comes to business, security is a vital issue. The risk factor has increased considerably since inception of technology. When messages, chats, conversations, documents and drawings fleet across in waves and are stored in clouds, they are far beyond complete control. Criminal minds are always a step ahead in technical matters and thousands of sites are hacked, confidential data stolen, online transactions are diverted causing huge losses to industry on a global scale. In the first place, a business enterprise is itself a risk. In this age, you must add the IT risk factor to enterprise risk at the very start of business, because you can no longer think of business without technology. If you fail to involve technology risk in enterprise risk, it can create a major impact on business.

The IT Risk EffectTypes of IT risks:

  • There can be physical threats like unauthorized access to the computer room and damaging servers, computers, networks and other information resources.
  • Electronic threats generally come from outside the business premises in the form of email hacking, phishing, spoofing emails, stealing personal and financial details from emails through viruses, worms or Trojans.
  • No matter how expensive the server, computer hard disks are bound to fail and if data are not stored elsewhere there can be substantial loss, perhaps permanent in nature. Technical failure is also a serious IT risk.
  • Minor risks come in the form of infrastructure failure. If the internet connection fails even for a short while one may lose some valuable orders.
  • It is rightly said that to err is human. Human error can cause loss of data. A single mistaken click can delete important documents.

Preventive measures

  • Business managers must be aware of risks and their types, their impact level and must be able to identify them.
  • Monitor the controls and re-evaluate them regularly.
  • Conduct training programs for employees to create awareness and follow preventive measures.
  • Set up a disciplinary system of saving data in multiple devices and computers and sharing data with reliable, authorized personnel.
  • Up-grade computer systems periodically and install anti-virus software without fail.
  • Use code words, change passwords frequently and keep them confidential.
  • Block spam mails of all kinds. Do not access or respond to unknown, unfamiliar mails.
  • Contact cyber-crime experts and take help from them in case there is any doubt or problem.

When you embark on an airplane for convenience, the risk involved always lurks somewhere at the back of your mind. Similarly, when you adopt technology, you are vaguely aware of the risks. That doesn’t mean that you should never travel by air or switch to technology. If you keep your life jacket at hand, you can minimize the risks.

Zerone Technologies offers products, services and solutions on IT, Telecom Infrastructure and Software Solutions for the fulfillment of growing requirements of Real Estate, Hospitality, Government, Large and Small Enterprises and continuously emerging and growing market of SMB, in Gulf, India and Africa.