Cybersecurity Threats
The Issue:
With the increasing number of devices connected to the internet, businesses are more susceptible to cyber-attacks like ransomware and phishing schemes.
How to Deal:
Implement robust cybersecurity measures such as multi-factor authentication, frequent security audits, and employee training. Additionally, investing in cybersecurity insurance can provide a financial buffer in case of an attack.
Talent Retention
The Issue:
The flexibility offered by remote work and the phenomenon known as the “Great Resignation” has made talent retention a significant challenge.
How to Deal:
Offer competitive compensation packages and flexible work environments. Engage employees with career development programs and cultivate a culture that people want to be a part of.
