My answer to What are the security risks for small businesses?
Answer by Ken Larson:
Other than the Internet technology risks that every company faces, the survival of a small business depends on creating security in several other key areas.
“Risk management has four overarching pillars:
- Strategic – vision, political threats and opportunities, diversification, management’s ability to perceive/anticipate market and industry influencers, company adaptability, ethics, strategic metrics, degree of risk tolerance, and crisis management plan
- Financial – having adequate funds to perform, stable source(s) of funding, accurate reporting, and routine and surprise audits
- Operations – policies, processes, performance, compliance, tactical metrics, and quality
- Technological – having the right platforms and tools for the work to be performed, technology competence, IT security, and innovativeness.”