Bring Your Own Device, or BYOD, is a common approach for businesses that want to take advantage of mobile technology to kickstart productivity. Instead of supplying each individual employee with company-owned devices, businesses allow employees to use their own devices for work-related purposes. While this is great on the budget, it’s only really effective (and safe) if the employee prioritizes security on their devices; otherwise, it’s a liability.
Today is World Backup Day, an annual reminder that losing your data is just one accidental delete, cyberattack, or spilled drink away. The idea is simple: back up your files before disaster strikes. Because trust me, nothing ruins your day faster than realizing all your work, memories, and important files have vanished.
When you handle data, financial data, and settlement data particularly, from the risk management perspective, and the management of operational risks, the increase in the frequency and value of transactions is a factor that leads to higher operational risks for those involved.
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