Member Guest Author, Author at Greater Mankato

04 Oct Why Top Performing Organizations Are Creating a Culture of Security

Posted at 09:09h in Business Development by Member Guest Author 0 Comments

Blog written by Eide Bailly, a Greater Mankato Growth Bronze Investor

In today’s business environment, understanding your current security risks just makes sense. After all, studies have found that U.S. organizations face the highest costs when a data breach occurs, topping out at at $8.64 million per breach.

A proactive stance on cybersecurity risk can equate to major savings for organizations. A collaborative approach between security and networking has been shown to significantly lower the cost of a breach. In fact, organizations who formed incident response teams and tested their incident response plans were able to reduce the cost of a data breach by almost 40%.

20 Sep Approaches to Handling Cyber Incidents

Posted at 09:46h in Member Guest Blog by Member Guest Author 0 Comments

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Blog written by Corporate Technologies LLC, a Greater Mankato Growth member

Balancing a Proactive and Reactive Approach to Cyber Incidents

A cyber incident is a type of security event that can harm a business like yours. Ranging from data breaches and system failures to malware attacks and phishing scams, these incidents can hinder productivity, revenue growth, and customer satisfaction.

In most cases, a cyber incident will result in data loss or downtime. This can include loss of
confidential information, customer data, or business records. In some cases, a cyber incident can also cause business interruption or financial loss.

01 Jul The Surprising Way You Can Retain Talent During the Great Resignation: Business Process Automation

Posted at 09:56h in Member Guest Blog by Member Guest Author 0 Comments

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Blog written by Eide Bailly, a Greater Mankato Growth Bronze Investor

From flexible schedules to compensation and benefit packages, the Great Resignation has forced organizations to rethink the way they foster employee satisfaction and maximize staff. One of the simplest answers to talent retention is making sure your employees are satisfied with their jobs. Are they able to focus on higher-value tasks or are they spending hours (or even days) on repetitive or complicated manual processes?

28 Feb Feeling Anxious?

Posted at 22:52h in Business Development by Member Guest Author 2 Comments

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If you answered “Yes!” to that question, you are not alone. In fact, you are part of the majority.Rates of anxiety and depression among U.S. adults were about 4 times higher between April 2020 and August 2021 than they were in 2019. Some of the sharpest...

19 Jan Growing Area Talent Through High School Youth

Posted at 15:29h in Business Development, Talent Development by Member Guest Author 0 Comments

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Mankato Area Public Schools (MAPS) is increasing career pathway exploration by encouraging students to participate in Work-Based Learning opportunities. All high school youth are eligible to participate in activities to explore and refine skills through this unique form of learning outside the classroom. We are excited...

14 Jan New COVID-19 Guidelines for Keeping Employees Safe

Posted at 16:08h in Member Guest Blog by Member Guest Author 0 Comments

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FAQ on New COVID-19 Guidelines:Here are our answers to the most frequent questions on the new COVID-19 guidelines and keeping your workers safe. Our goal is to keep your employees out of the clinic and hospital if it's not necessary.Q: When employees have COVID-19...

26 Oct Podcast: Heartless Hackers Demanding GIft cards

Posted at 11:04h in Business Development by Member Guest Author 0 Comments

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October is Cybersecurity Awareness Month, and the importance of cybersecurity has quickly become a quintessential part of today’s business strategy. More than 50% of businesses have been the victim of a cyberattack, and as many as 60% of those hacked businesses end up going out of business.

18 Oct The Five Stages of Cybersecurity Prevention

Posted at 10:26h in Member Guest Blog by Member Guest Author 0 Comments

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Cyberattacks can cost organizations millions of dollars and 2021 has seen the highest average data breach cost in the last 17 years. While it’s almost inevitable that you’ll someday deal with a cyberattack on some level, organizations who formed incident response teams and tested their incident response plans were able to reduce the cost of a breach by almost 40%.

With the broad nature of cybersecurity and a lot of ground to cover, many companies don’t even know where to begin. Luckily, a comprehensive, in-depth cybersecurity action plan can be broken down into five stages: Foundational Security, Policies and Awareness, Key Processes, Incident Preparedness and Security Monitoring. While each has their own unique benefits, a true culture of security relies on each stage working together for peak efficiency and protection.

28 Sep Email, Phone, or Text – Which Is Best for Communicating with Customers?

Posted at 10:07h in Business Development, Member Guest Blog by Member Guest Author 0 Comments

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Customer Texting is in Demand

According to one study, 63% of respondents said they would switch to a company that offered text messaging to communicate. That’s not surprising when 92% say they expect to wait on hold five minutes or more before speaking to a human being.

07 Sep Employee Retention Credit: 7k Quarterly Wage Subsidy per Employee for 2021

Posted at 11:36h in Business Development by Member Guest Author 0 Comments

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The COVID recession isn’t over for everyone. For businesses still struggling to return to 2019 revenue levels, the tax law has a lifeline: a refundable tax credit of up to $7,000 per-employee, per-quarter.

It’s easy to see how $7,000 per quarter, per employee, can add up. For a qualifying company with 50 employees, for example, it could mean as much as $1,400,000 in benefits for 2021.

The Employer Retention Credit was first enacted early in 2020 as a tax credit of up to $5,000 per employee for 2020. It applies to taxpayers who have either:

Had a full or partial suspension of business due to a government order, or
Had a significant decline in gross receipts.