The Five Techno Events Not To Be Missed

Here are five tech events that happened in the past week and how they impact your business.

1 – Garmin reportedly paid millions to solve its recent ransomware attack:
Recent reports have detailed that fitness device maker Garmin paid millions of dollars in response to an outage the company dealt with last month due to a ransom-demand attack. The attack impacted several Garmin systems, taking many of them offline. Although it is not known who was responsible for the attack and to whom the ransom money was paid, people researching the attack suspect the event could be linked to Evil Corp, a Russian cybercrime organization. (Source: Engadget)

And your business in all of this …
Think about it: Garmin is a large company with a lot of computing resources. Yet she was the victim of a ransom attack and had no choice but to pay. What does this mean for your small business? This means that while hackers can extort money from a company like Garmin, they can do it from you too… and probably more easily. Back up your systems. Train your employees. Install security software on all devices. And for goodness sake, make sure that every device, everywhere (yes, even in your employees’ homes), is running the latest operating systems.
2 – Intuit launches Quickbooks Cash, a new corporate bank account with a high yielding 1% interest rate:
Intuit is launching Quickbooks Cash which can be integrated with the entire QuickBooks suite to simplify management of small business finances. QuickBooks Cash will have no account opening fees, no maintenance fees, no minimum balance or overdraft fees, and will have a high yield interest rate of $ 1. %. The new platform will also allow small business owners to forecast their cash flow for up to 90 days and whether invoices will be paid on time or not. (Source: Intuit)
And your business in all of this …
Is this the end of small business banking as we know it? Not yet. But soon. And that makes sense. If QuickBooks keeps track of all of your cash, why do you need to reconcile it to a bank account elsewhere? Intuit is already making loans. Now she is setting up checking accounts. Toaster ovens are next (and if you’re too young to know what I’m talking about then… sorry!).

3 -Starbucks is betting on contactless options:
With the coronavirus pandemic changing the way businesses operate, Starbucks is making new plans regarding the format of its stores. The coffee giant expects the use of its drives to grow. It is increasing curbside pickups in at least 700 stores across the country. Likewise, Starbucks will introduce a “visit” feature in urban stores where curbside pickup or drive-in is not possible, with the goal of having several hundred across the United States at over the next two years. (Source: USA Today)
And your business in all of this …
Necessity is the mother of invention and many innovative companies are creating new ways of doing business in the wake of pandemics. In some cases, these methods are even better, and in my opinion anything a coffee shop – be it Starbucks or a local business – can do to speed the process up with technology is good for me. And it will be good for many customers too.
4 – This tool can bring together remote employees in a shared virtual office:
The Powerfront e-commerce platform has adapted to the coronavirus by modifying its existing platform – initially designed for retail – to work with companies in other areas. According to the CEO of the company, “‘virtual’ offices allow staff to have their own meeting rooms, where people can find you if they need to connect and chat. People can move from office to office and set up meetings very easily. The “status” parameter also promotes visibility. You can immediately see if a colleague is on vacation, having lunch, in a meeting, etc. By hovering over the photo of a colleague, you can see their working hours, local time, title and department, and you have the opportunity to meet them. No need to search emails, calendars or files – it’s all just one click away ”. (Source: Silicon Republic)
And your business in all of this …
I’ll be closely monitoring new technologies that improve the virtual meeting experience because, let’s face it, it’s not that great right now. I bet these Zoom backgrounds will look like old things in just a few years. Companies like Powerfront and others are offering new ways to make virtual meetings real, interactive and productive. You’ll find more along the way.
5- Cashdrop raised $ 2.7 million to change the way small businesses do e-commerce:
Cashdrop – a Chicago-based start-up that created a small business commerce platform for contactless shopping, similar to Venmo – has raised $ 2.7 million. (Source: American Inno)
And your business in all of this …
The startup is quickly gaining popularity across the country helping small businesses build online storefronts with no monthly fees or commissions. Over the past year, CashDrop has acquired over 200 companies across a wide range of industries such as fashion, catering, events, and more.

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