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Barbara Corcoran Talks About Information Technology (IT) and Cybersecurity – Getting Business Owners to Care About Security Without Using Fear Tactics (P4)

 August 12, 2020

By  Anton Kiorolgo

Do you watch the TV series, Shark Tank? Barbara Corcoran is one of the investment sharks. In September 2018, she spoke at an event, that included the topic of cybersecurity, at the World Trade Center in Boston, MA. Information technology companies assembled to talk about security issues today, what is happening in the market, and what types of threats are becoming more common.

Barbara grew her business by turning a $1,000 loan into a multi-million dollar company. Part of her success was finding the right IT service providers to protect her business with proper cybersecurity techniques.

While moderating a panel discussion, Barbara helped business owners to figure out:

  • What determines a great cybersecurity company?
  • How can we keep up with the evolution of technology and security?
  • How do we better understand the way IT service providers benefit our businesses?

 “How do you get the business owner to care about security, effectively communicating the risks without fear-mongering,” asked Barbara.

“All good business owners care about maintaining the security and integrity of their business” I began. “They don’t want to lose the business because an attacker came in and stole their data. They don’t want to lose clients because they were careless either.”

“If users are afraid to provide personal information, it gets much harder to sell products and services. Facebook is a good example. They have had several breaches and concerned people created movements to try and get rid of their business’ Facebook accounts. They wanted to remove their profiles to restrict any unnecessary access to their information. A company will lose consumers or their entire business if the amount of stolen data is too great.”

“Consider healthcare. They are integrating video sessions with doctors and nurses. This new technology must be able to protect your medical data. If a medical facility or a doctor’s office has a breach, many of their patients won’t be comfortable doing business with them anymore.”

The number of cyberattacks happening daily continually increase and businesses have to look at the value of the data they’re protecting and know their industry risks. If we don’t prepare, finger-pointing and confusion between a company and its vendors will not solve the problem.”

“Security First IT is not trying to create a sense of fear. We are presenting the facts and want to make sure your eyes are open. The decision to act is yours.”

Keep an eye out for the next article in this series, where Barbara asks why there aren’t more women in IT. Join us as we continue our search for answers in the cybersecurity space.

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