A business email compromise attack is a phishing scam in which a scammer uses email to take possession of capital—either in the form of data or actual finances—from the organization they choose to target. Lately, these scams have been observed to focus on schools.

Let’s review the situation at hand and what is at stake.

The recent CrowdStrike outage that disrupted many Microsoft-run systems has made headlines, even if it didn’t affect you directly. With so many organizations relying on Windows, this incident caused an unprecedented number of computer crashes, impacting over 8.5 million systems worldwide. The outage didn’t just cost businesses billions in lost revenue—it also led to the cancellation of 3,000 flights, throwing travel plans into chaos. As the largest outage in history, it served as a stark reminder that the technology we depend on daily isn’t foolproof. Today, we’ll explore key takeaways from the CrowdStrike outage and how businesses can better prepare for such events.

July 18th, 2024 saw one of the most widespread and devastating outages in recent memory, as a global update from cybersecurity company CrowdStrike brought about significant impacts to major infrastructures and societal needs. All this occurred even though only 1% of Windows operating systems experienced the issue.

Unfortunately, we have yet another reason to reflect on the importance of data backup, disaster recovery, and business continuity for organizations everywhere. A week ago today, Hurricane Beryl made landfall in Texas, downgrading to a tropical storm, but only after it had already caused estimated damages totaling over $5 million amongst the islands of middle America.

All businesses use technology to varying degrees, typically to improve operations or offer innovation through a service or product. SMBs often benefit from the increased use of technology in the business world, as it’s generally quite effective at solving their problems and accessible enough that even companies on a budget can afford it. Let’s look at some opportunities your own business might have in 2024.

Scams are a scary prospect, and with today’s technology and current events being what they are, it’s all the more important that you remain aware of them so you can avoid them. With a whole year ahead of us, let’s consider some scams and scam-based trends that will likely continue throughout.

Back in July, the White House secured commitments from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI to help manage the risks that artificial intelligence potentially poses. More recently, eight more companies—Adobe, Cohere, IBM, Nvidia, Palantir, Salesforce, Scale AI, and Stability—also pledged to maintain “the development of safe, secure, and trustworthy AI,” as a White House brief reported.

In recent months, publicly-accessible AI tools have ignited interest in using artificial intelligence amongst businesses, and for good reason. While these tools are very, very limited in what they can do—which we will discuss here for sure—they still show enormous potential.

However, this potential introduces a few major questions to the conversation. Let’s examine some of them.

With 2023 sneaking up on us, you’ll need to consider the many challenges that businesses will face as we move into the new year. Many of these challenges can be remedied simply by implementing the right technology solutions, too!