As the Trump administration prepares to begin renegotiating NAFTA as early as August, executives of companies with global trade ties are lobbying the president to modernize rather than overhaul the agreement.
Companies could gain greater visibility into hidden cyber vulnerabilities like the one exploited in the recent massive "WannaCry" ransomware attack if the members of Congress who introduced the PATCH Act last month get their way.
"Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway," wrote Geoffrey Moore, author of Crossing the Chasm. Certainly, many CFOs, and not just those with web-based businesses, would wholeheartedly agree: Data are the sensory information produced by a business that has its eyes and ears on operations and customers.
Almost every day, it seems, there's news of another ransomware attack on a prominent organization. In fact, according to one study, almost 40 percent of all businesses experienced an attack from the summer of 2015 to the summer of 2016. To protect our companies against ransomware and its potentially disastrous technological and financial consequences, we have to understand what's needed to shield information technology systems from the initial infection and how to recover as quickly as possible.
Finance chiefs are responsible for minimizing the risks that their organizations face in all facets of business - from supply chain operations and fixed-asset investment to payment processing and cybersecurity.