Mitigating technological risks involves a proactive approach that includes the following strategies:
Regular Audits and Assessments: Conduct regular IT audits and risk assessments to identify vulnerabilities and address them promptly. Invest in Cybersecurity: Implement robust cybersecurity measures such as firewalls, encryption, and multi-factor authentication. Employee Training: Train employees on best practices for data protection and cybersecurity to reduce human error. Backup and Recovery Plans: Develop and maintain comprehensive backup and disaster recovery plans to ensure business continuity. Vendor Management: Establish strong relationships with technology vendors and regularly evaluate their performance and security measures.