Lifeboat Foundation: Safeguarding Humanity
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Category: business – Page 247

Cybersecurity risks are on the rise. While the high-profile breaches at Target and Yahoo! captured our attention, they have also distracted us from the prevalence of cybersecurity risks in everyday life. The number of cyber-security breaches has more than doubled over the past few years. In the third quarter of 2016, over 18 million new forms of malware were discovered. That is nearly a quarter of a million new types of malware every single day.

Unfortunately, some of the most vulnerable companies are those that are least equipped to address these concerns. Industry experts estimate that 45% of all cyber-attacks are launched against small businesses. Almost half of all small businesses have been attacked, although most of them don’t know it. Nearly 70% of small businesses are forced into bankruptcy within six months of a particularly severe cyber-attack.

Despite the risks, small businesses are under greater pressure to cut costs. They can’t always afford top-tier protection.

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“Volvo cars is taking a bold step forward,” the company explained in a video on Volvo’s official Twitter account, “heralding the end of an era for the pure internal combustion engine.”

While other companies have yet to take the leap, Volvo knows investing in electric car production makes good sense from a business perspective: “This is about the customer,” Håkan Samuelsson, Volvo Car Group’s president and CEO, said in a press release. “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs.”

It’s also a decision rooted in a sense of environmental responsibility, “We are determined to be the first premium car maker to move our entire portfolio of vehicles into electrification,” Samuelsson said in the video. “This is a clear commitment towards reducing our carbon footprint, as well as contributing to a better air quality in our cities.”

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“In an effort to spur further climate action at this year’s Global Climate Action Summit in September and at the United Nations Climate Change Conference (COP24) in December, Summit co-chair and Mahindra Group Chairman, Anand Mahindra today challenged businesses around the world to join the growing number of companies committed to setting greenhouse gas reduction targets in line with climate science.”

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