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GDPR Makes You Fat……and other scare stories

00Business Resilience, Business Risk, GDPR, Supply Chain RiskTags: , , , , May, 18

As we head towards GDPR day – May 25 – the number of scare stories about the new regulations seems to be spinning out of control.

The latest one claims half of businesses expect to be fined under the new rules: https://bit.ly/2IcnFYX . It is based on a survey which suggests businesses have put money aside in anticipation of a fine. In addition, we’ve heard of some sole traders who are so concerned about the regulations, they fear that they will need to close the shutters on their business.

The problem here is one of perception. Businesses may well be so worried that their way of dealing with the new regulations is to put money aside. But will they really be fined and does putting money under the mattress really help?  The ICO has been clear on so many occasions – fines will be the last resort. More info

stress

Crisis Management – By failing to prepare ….

00Business Resilience, Cyber Attack, Cyber SecurityTags: , , , May, 18

It’s an old adage but it’s surprising how few organisations take Benjamin Franklin’s quote seriously enough to put his advice into practise. ‘By failing to prepare you are preparing to fail’ he said.  Of course it is tough for organisations like smaller businesses and charities who don’t feel they have the time or money to spend on training. Unfortunately though, when it comes to dealing with a crisis of any sort, it is the preparation for that possibility which will save both in the long run. More info

business risks are vital

The 4 Essential Business Risks For Every Business Owner Must Know

00Business Resilience, Business Risk, ISO9001, Risk Education, Risk Management May, 17

Whether you are an SME or an international corporation, you will have been and are exposed to business risks on a daily basis. Unfortunately, no business is immune regardless of its size or industry presence. Risks and issues come in many forms including Financial, Operational, Supply Chain and Cyber. Each type of risk or issue is as detrimental to a business as the others. More info