Commerce_21_12 | Page 46

■ Cover Story

■ Cover Story

Continued From Page 42 Terrie O ' Connor Realtors Terrie O ’ Connor , Broker / President
We expect to grow the company through acquisitions , as well as through increased transaction volume , expanding into newer markets and recruiting top-producing sales professionals . We are focused on growing our ancillary businesses in title and mortgage . While we currently run a successful and fast-growing title division , Northern New Jersey Title , we are in the process of launching a mortgage banking joint venture . Bringing lending in-house will allow for increased control of the transaction while generating additional revenue for the brokerage ( more so than a traditional MSA ).
RISK MANAGEMENT
ICA Risk Management Consultants Barron S . Wall , ARM , PMC , Managing Associate
The hard insurance marketplace will continue unabated with cyber risks at the top of the list . As in past hard markets , that changed the landscape forever for Directors & Officers coverage years back ; the same will be true for cyber coverage . There will not be a return to normal . Risk management solutions will be the only answer to mitigate
Cybersecurity incidents such as ransomware are a major focus in information technology .
Photo : Getty Images / iStockphoto / matejmo both the availability of coverage , as well as procurement of broader coverage .
TECHNOLOGY
Baroan Technologies Guy Baroan , President
In 2022 cybersecurity incidents , especially ransomware , will continue to grow and wreak havoc on companies large and small . Companies not prepared will end up closing . New data protection laws will be introduced . Cyber insurance prices will go up . Supply chain issues will be resolved . The WFH movement will become a business standard . Companies with WFH flexibility will have an easier time hiring staff .
Decusoft Bob Laurenzo , CEO
In 2022 , companies will focus on their ability to attract and retain talent in a tight labor market while building a diverse , equitable and in-
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