The recent ransomware attack by DarkSide on the Colonial Pipeline highlights how crippling ransomware attacks can be on a business. Colonial Pipeline was forced to shut down operations for 6 days after their files were encrypted by DarkSide. They paid a cryptocurrency ransom of $5m to get the decryption keys.
Can this happen to a financial services firm? Absolutely and it has. Can this cripple your firm? Guaranteed. This article discusses the risks of ransomware, what is ransomware, how it works, the costs of paying and denying the ransom, and how you can protect your firm now.
A friend of mine, Tina Powell, recently posted on LinkedIn and referenced a fantastic, animated bar chart from Flourish titled the Biggest Fast Food Chains in the World 1971-2019 (Stores)1. The animation is an incredible view into a changing industry.
The animation is interesting, but the stories behind some of the rapid growth spurts that you see in the animation are even more interesting. In this post we will examine how these firms grew so quickly and how did their Unique Value Proposition contribute to that growth.
John O'Connell, Chief Executive Officer of The Oasis Group, spoke with Pam Krueger, creator and co-host of MoneyTrack on PBS, at the Advisor Thought Leader Summit held August 12 & 13, 2019 at Rockhurst University in Kansas City.