by Josh Fruhlinger, CSO, October 7, 2016

Corporate chaos

The supply chain upon which modern multinational commerce depends was thrown into chaos earlier this year when South Korea’s Hanjin Shipping filed for bankruptcy. Dozens of container ships with hundreds of crew and thousands of pounds of cargo onboard were essentially stranded at sea, as ports barred the ships’ entry for fear that they wouldn’t be able to pay for docking services.

If you’re working for a company that’s filed for bankruptcy, the consequences probably won’t be as dramatic—you’ll be able to stay on dry land, for one thing. But you’re definitely going to encounter choppy waters when it comes to maintaining tech security. We talked to IT pros who have been through it to find out the best ways to cope.

Excerpt: 

Pursue goals in a cost-effective way

Discreet tasks should be tackled in as low-frills a manner as possible. Jonathan Gossels, president of SystemExperts, described a scenario at a company he helped through bankruptcy: “The company took the critical (and valuable) intellectual property and consolidated it onto a single system and a backup. These systems were not connected to the internet. They retained a skeleton IT staff during the shutdown process to make sure this was done properly; the intent was to preserve the intellectual property and sell it off.”

Link to full article: Down but not out of options: How to keep IT security together in a company that’s gone bankrupt.