A Legal Guide To TECHNOLOGY TRANSACTIONS A COVID-19 Update…

INTRODUCTION

The Coronavirus (COVID-19) outbreak has required businesses to develop contingency plans to handle the disruptions it has caused and will continue to cause. The devastating impact of the COVID-19 pandemic has included a profound movement of businesses to create flexible digital workplaces, remote working, and e-commerce platforms to help employees better serve customers, distribute products, and ensure business continuity. Maintaining supply chain resilience has become vital to business success. Businesses would be wise to leverage platforms that offer applied analytics, artificial intelligence and machine learning to maximize efficiency and still ensure end-to-end transparency. Cybersecurity and privacy, new regulatory obligations, business continuity planning, and related issues must now be a focus of any technology transaction. While businesses move quickly to adapt to the structural changes brought on by the pandemic they must still consider how such changes will be implemented and remain in effect once the virus has been defeated. The expansion of remote workplaces may also increase potential vulnerabilities to cyber-attacks such as phishing and other efforts by hackers to access valuable information. Businesses must establish clear rules and guidance for those working remotely, using a virtual private network (VPN) for network access,

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