Cost of Cyber Crime Set to Top $5-Trillion by 2024

Tech researchers have released a new report projecting the cost of cyber breaches to organisations hit will be more than $5 trillion by 2024 in the wake of “regulatory fines tak[ing] hold and firms becoming more dependent on digital systems,” according to Juniper Research. The statistics come as part of Juniper’s latest report: The Future of Cybercrime & Security: Threat Analysis, Impact Assessment and Mitigation Strategies 2019-2024 which can be accessed here. As it stands, in 2019, the costs of data breaches to organisations stands at around $3-trillion globally. However, according to Juniper’s projections, this is set to rise by as much as 11% annually. “All businesses need to be aware of

The Benefits of Staff Conferences

Kobi Simmat talks of the benefits of staff conferences, getting everyone on the same page and the psychological benefits of showing employees how their efforts are pushing the organisation forward. Yesterday, we wrapped up a two-day staff conference for all the staff under the umbrella. It was two days filled with great conversations and insights, tough questions and inspiring answers, and I’ve got no doubt that each and every staff member leaving those two days will be filled with confidence and motivation to go out and excel at their job. In a nutshell, this is what you should be aiming for with your staff get-together; it’s not a mere formality, this is an essential part

Here’s How the Best Leaders Turn Weaknesses Into Strengths

I’ve been saying for a number of years now that perfect practice makes perfect. I’m not exactly sure who I’ve borrowed the turn of phrase from, but it’s sure helped me assemble a high-functioning team and organisation that continues to identify weaknesses and leverage these for future success. I’m also guilty of saying that the difference between ordinary and extraordinary organisations comes down to one thing: the ability to take time out from business as usual to reflect on the organisation as a whole, and identify shortcomings in the organisation. For whatever reason, some leaders I’ve come in contact with are unwilling to take this time out and put their organisation under the microscope

Some of the US’s Largest Companies Tell Apple and Amazon to Put Planet Before Profits

Ben and Jerry’s, Danone, Patagonia and more target America’s largest companies to prioritise the environment over profits. Apple, Amazon and more have been targeted by a campaign aiming to get some of the world’s largest companies to readdress their list of priorities and put environmental concerns atop the growing list of concerns moving into the future. According to a report from the Guardian’s Zoe Wood, “a group of more than 30 American business leaders, including the heads of outdoor clothing brand Patagonia, The Body Shop owner Natura, Ben & Jerry’s (part of Unilever) and Danone’s US business have taken the extraordinary step of taking out a full-page ad in Sunday’s edition of the New Y

Nepal Bans Single-Use Plastics in Everest Region

The Nepalese government has announced plans to make the Everest trekking region completely free of single-use plastics. Ganesh Ghimire, Chief Administrative Office of the rural Khumbu pasang Lhamu municipality in the Everest region confirmed that plastic items less than 30 microns thick will be banned from the 1st of January, 2020. This ban will include plastic bags, straws, soft drink and water bottles, as well as the majority of food packaging. “Popular soft drink items like Coke, Fanta, Sprite, Mirinda and other beverages in plastic bottles will not be allowed,” suggesting that checkpoints entering the Sagarmatha national park will be checking the bags of trekkers and guides as they enter

Is Your Organisation Streamlined?

Kobi Simmat talks trimming the fat in your organisation, to remain agile and proactive in the dynamic world of business. I’ve said time and again that I’m in the fortunate position of being able to witness firsthand how other organisations go about their work, and the resounding consensus from management teams that I’ve gathered is that they’re much better prepared when they’ve got a streamlined way of doing business. There’s nothing more unfortunate, however, than seeing organisations that have a great final product or service, but remain bogged down by ancient policies and procedure, or lack the proactivity and foresight to implement strategies before a situation devolves to an existential

© 2019 by Best Practice

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