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The risk technology poses to businesses that rely on technology

November 24, 2014

It’s essentially a double-edged sword. Technology is imperative for a large majority of businesses. In fact, one could justifiably argue that a business without any form of technology would struggle to sustain itself long-term. However, at any time, without warning, technology can turn from a necessity into a nightmare.

The technology industry is moving at one hundred miles a minute. While this is great for business development if a company has the finances in place to stay up to date it can play havoc with others.

The reality is that technology can cause a number of issues and here we will explore them in further detail.

Computers can be hacked
Any computer using a network to access the Internet, secure or not, has the capacity to be hacked. Sure, there are steps you can take to limit the risk, but the reality is that every system is venerable.

Being hacked could cause no problems at all; amazingly, some hackers still do it for the thrill even though they could face jail if caught. However, if your system is hacked it is more than likely that data has been wiped, information has been stolen or the system has been used to carry out criminal activity.

Computers can also be infected with Malware, which could stop your computer from working or be subject to a virus, which can affect a whole network easily.

All of these points above are likely to cause substantial disruption to any business. As well as the time that a company would lose by trying to limit the damage, a business could lose client information or even worse, financial information. In the event of a breach of this kind, if the right steps are not taken a company would more than likely have to liquidate because of the resulting issues.

When technology didn’t exist, the only way one could obtain information from a business would have been to obtain it by breaking into an office, but this is no longer the case.

Computers can stop working for seemingly no reason at all
One day your computer might be working fine, the next it does not turn on. Unfortunately, every business may come across this problem. If a motherboard on a computer fails, the likelihood is that the system will be non-operational, and all the data on the device will be wiped.

Worst-case scenario is that your information on your computer is not backed up, and you lose everything. Everybody tells those in business to back up their information, but that does not mean that they do it regularly or even at all. Best-case scenario – the motherboard needs to be replaced, and if you require a professional to do it then you’re looking at a bill of at least £150. In the majority of cases, when a motherboard fails, the user will just end up buying a new computer.

There is no denying that technology has made running a business much easier, but unfortunately, it’s not without its risks. Make sure you take the time to ensure your system is secure, and that you take precautions to limit the damage caused if the worst should happen.

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written by David Clee

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