Ep 2 (The Smart and Savvy Exit) The Big Turnaround -Blindside and Calm Before the Storm - Ellen McIlhenny
Ellen McIlhenny - “The Smart and Savvy Exit – The Big Turnaround – Blindside and Calm Before the Storm
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Last week we saw yet another international ransomware attack which started with an IT firm in Florida. The demand by the Russian hackers REvil was $70 million in cryptocurrency.
These continued attacks should have all of us worried. In addition to the IT Firm Kaseya over 800 businesses were also affected, many of them small and medium sized businesses in several different countries.
The hackers infected Kaseya’s network-management software to spread their ransomware through cloud-service providers.
I say we should be worried because all of us who have businesses must subscribe to at least some cloud services and are therefore vulnerable. The governments of the world need to band together to figure out a way to stop these kinds of threats. This could quickly become the number one risk we all face. One attack could put most businesses out of business.
Cyber security is something every business owner should take seriously. On December 15th of last year, I did an interview with local business attorney, Tricia Dunlap. Tricia has done a lot of research into cyber security and has become something of an expert in the field. Much of our conversation had to do with this subject mostly when it comes to liability. But your cybersecurity policies should be extensive to cover everything. You can listen to the podcast at https://pod.co/future-financial-confidence-with-ellen-mcilhenny, episodes 37-40 of season 3. Check it out.
IBGR has a lot of exciting things happening during season 6. Be sure to become a part of our community so you can be a part of it. Thanks for listening.
Show Objectives - The Why
Today we will begin our discussion of my book The Big Turnaround: How bad management nearly destroyed an exceptional company. We will go in depth on one of the major tips that I cover throughout the book.
Today we will have an introduction of the main characters and cover the chapters - The Blindside, and The Calm Before the Storm.
Written by Ellen McIlhenny
Owner of CFO Plus Services, a Fractional CFO services firm which also offers Back Office Bookkeeping Services. Author of the business novel The Big Turnaround; How Bad Management Nearly Destroyed an Exceptional Company. Check it out at https://thebigturnaround.com
You can connect with Ellen on any of her #cfoplusservices platforms or firstname.lastname@example.org
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