What strategy can a company use to manage risks associated with technology?

Regularly updating systems and software is a crucial strategy for managing risks associated with technology. This approach ensures that systems are fortified against vulnerabilities that may be exploited by malicious actors. Technology is continuously evolving, and software vendors frequently release updates to patch security loopholes, improve software performance, and enhance functionality. By applying these updates, a company can significantly reduce its exposure to cyber threats and maintain a secure operating environment.

In contrast to this strategy, investing in outdated software can lead to increased risk due to unaddressed vulnerabilities. Restricting employee access to all systems may not effectively mitigate risk, as it could hinder the operational efficiency needed for a company to function effectively and may prevent skilled employees from executing their roles properly. Additionally, minimizing communication with technical staff can lead to a lack of understanding of the technical landscape, restrictive practices, and increased risks as the organization may become unaware of potential technical issues or updates that need attention. Regular updates effectively align with best practices in cybersecurity management and help ensure the resilience of a company's technology infrastructure.