October News:

On The CalendarOctober at The Fulcrum Group If you were able to make it out, thank you for joining us at our dual Cybersecurity Luncheon Events, last month, in both Dallas and in Fort Worth.  We hope you found the information we shared with you on the topic of Cybersecurity & Risk useful and informative. Go to our Events page to check out some pics from both luncheons, snapshots of winners of our awesome giveaways - 4 Google Nest Hubs and some great Amazon giftcards as well! We'll let you know about any additional upcoming special events through our social media pages, which we'll update on our Events page as they occur. Quick links to our social media pages are accessible right from our website and in every monthly newsletter email you receive from us. If you're new to our newsletter and you'd like to subscribe, let us know.
October is National Cybersecurity Awareness Month! Acknowledged every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to raise awareness about the importance of cybersecurity and to ensure that all Americans have the resources they need to be safer and more secure online. NCSAM 2019 will emphasize personal accountability and stress the importance of taking proactive steps to enhance cybersecurity at home and in the workplace. This year’s overarching message – Own IT. Secure IT. Protect IT. – will focus on key areas including citizen privacy, consumer devices, and e-commerce security. Here at The Fulcrum Group, we take cybersecurity very seriously.  We host regular events to share the latest in cybersecurity knowledge with CEOs and IT leadership, and constantly work to improve the cybersecurity posture of not only clients, but our own internal IT systems.  This month, we’ll publish a series of blog posts on our web site in support of National Cybersecurity Awareness Month.  If you don't already watch our social media pages for helpful cybersecurity tips over the duration of this month!
Using Leasing and Section 179 Tax Deduction Benefits to Pay for Windows 7 Upgrades Use Your Section 179 Benefits If you still haven’t made the choice to upgrade your remaining Windows 7 computers, you might consider using a lease to spread the cost over monthly payments for 2 or 3 years, while still taking the Section 179 tax deduction on your 2019 taxes. As a reminder, Windows 7 and Windows 2008 reach end of life in January 2020.  There are serious cybersecurity risks if you don’t upgrade, as Microsoft will no longer be releasing security upgrades for Windows 7 and Windows 2008 in January. As a refresher, small businesses immediately deduct up to $1 million for qualifying purchases of capital property, including computers and other technology equipment, rather than amortizing the cost over 5 or 7 years as is the normal tax implication.    For more information, visit our Section 179 Resource Page. So if you don’t have the budget in 2019 to upgrade your remaining Windows 7 computers (or Windows 2008 servers, or other end of life technology equipment), you can still get the upgrade done in Q4 2019 and pay for it with a lease that allows you to spread the cost over future monthly payments.  Fulcrum Group even offers no payment options for 90 days. Contact your Fulcrum Group Account Manager for recommendations on upgrades, and get those upgrades completed before January!
Cybersecurity Stats for small businesses Cybersecurity SPOTlight: Cybersecurity Statistics Small Businesses Need To Know Here's a quick breakdown of some stats you'll want to be aware of:
  • 43 percent of cyber attacks target small business.
  • Only 14 percent of small businesses rate their ability to mitigate cyber risks, vulnerabilities and attacks as highly effective.
  • 60 percent of small companies go out of business within six months of a cyber attack.
  • 48 percent of data security breaches are caused by acts of malicious intent. Human error or system failure account for the rest.
  • Small businesses are most concerned about the security of customer data
See the full article for more Cybersecurity Statistics for Small Businesses.
Vistage Executive News - 5 Economic Trends to Watch for in 2019 (and into 2020) Vistage Executive News In this second half of 2019, we're (metaphorically speaking) at the top of the roller coaster, looking down. We've experienced challenging economic trends such as trade policies, waning consumer confidence, declining profitability and general global economic uncertainty. Before our predicted upswing, here are some key factors and trends to watch for  over the remainder of this year and into 2020.
Fulcrum Group Did You KnowDid You Know...? A History of Cybersecurity Awareness Month National Cybersecurity Awareness Month (NCSAM) was launched by the National Cyber Security Alliance (NCSA) and the U.S. Department of Homeland Security (DHS) in October 2004 as a broad effort to help all Americans stay safer and more secure online.  Learn more about NCSAM history.