Selected Filters: Protecting your business
A SWOT analysis means looking at your business’ Strengths, Weaknesses, Opportunities and Threats, so that you can capitalise on what you do well and understand where you might be at a disadvantage.
Claiming on your insurance can be stressful - but if you follow these steps you can maximise your chances of success.
Regular IT maintenance helps protect your data and reduce the risk of serious IT problems. You also need to be able to deal with any hardware and software issues that do arise.
There are simple steps you can take yourself to minimise risks and tackle problems. You should also make sure you have the right suppliers and support services.
Businesses rely on information technology (IT) for almost everything they do. Software and apps let you create reports, manage your accounts, communicate with suppliers and customers and connect with the outside world via email and the internet. More sophisticated uses can include designing products, controlling stock and selling online.
IT security consultant Chris Payne of Advanced Cyber Solutions shines a light on cyber threats old and new, and explains how your small business can mitigate risk.
According to government estimates, 43% of UK businesses suffered a cyber attack in the 12 months to December 2017, as revealed by the Cyber Security Breaches Survey 2018. The most common attacks were fraudulent emails, followed by cyber criminals “impersonating an organisation online” and malware and virus attacks.
How and where you may be able to mitigate business risks.
A financial stress test considers an organisation’s ability to withstand a crisis. Large international banks have been stress testing their own balance sheets for decades, and more recently, financial regulators around the world have been carrying out their own stress tests to examine the robustness of banks.