J. M. Smith asked:
Statistics show that 50-70% of ID Theft comes from within the workplace. This means for the business owner you can spend $100′s and even thousands of dollars in your IT security and have the best encryption service on the planet but if your employee walks out with stolen information on paper that’s thousands ill spent thinking you had ID Theft protection.
Many business owners whether small or large are just not aware of how to fully protect their business and definitely not aware of new ID theft compliance laws. Many attorneys are not aware of these laws let alone help the owner protect the businesses customer personal information.
Businesses spend a lot of money keeping crooks from getting in but what about crooks from within getting information out.
Many owners just don’t have the resources available to them to keep up with the information the Federal Government is putting out and with ID theft laws being somewhat new over the last couple years there aren’t even many ID theft companies out there that can truly help the business.
You may not even be aware of how many people have access to your customer and employee information. What are your vendors doing with your customer information? Do you know what their procedures are if they have a breach with your customers information? Who handles your shredding if you even have a service? What policies and procedures does the shredding company have?
What about your employees? what type of training do you have for them? Are they keeping your customers information secured or could you walk around your business at lunch time and see critical information left on the desk?
ID theft compliance is more than Physical Security. Physical security offers encryption, Shredding service, IT, etc.
Your business should have a full risk assessment done. Helping you become aware of your businesses weakness. When the assessment is complete you should then be able to develop a plan for your business. Generally the cost will depend on how involved you want to be and just how much you want the consulting company to help.
If you think you can’t afford the cost to get your business in compliance think of the cost if you have a breach. You can’t put a number amount on the cost it could potentially cost your business. The loss of customer trust alone can be devastating.
“If you experience a security breach, 20 percent of your affected customer base will no longer do business with you, 40 percent will consider ending the relationship, and 5 percent will be hiring lawyers!” -CIO Magazine, The Coming Pandemic, Michael Freidenberg, May 15th, 2006
Could your business handle these numbers? Even if it could, you should take responsibility for the protection of your customers and employees.
Danny
Statistics show that 50-70% of ID Theft comes from within the workplace. This means for the business owner you can spend $100′s and even thousands of dollars in your IT security and have the best encryption service on the planet but if your employee walks out with stolen information on paper that’s thousands ill spent thinking you had ID Theft protection.
Many business owners whether small or large are just not aware of how to fully protect their business and definitely not aware of new ID theft compliance laws. Many attorneys are not aware of these laws let alone help the owner protect the businesses customer personal information.
Businesses spend a lot of money keeping crooks from getting in but what about crooks from within getting information out.
Many owners just don’t have the resources available to them to keep up with the information the Federal Government is putting out and with ID theft laws being somewhat new over the last couple years there aren’t even many ID theft companies out there that can truly help the business.
You may not even be aware of how many people have access to your customer and employee information. What are your vendors doing with your customer information? Do you know what their procedures are if they have a breach with your customers information? Who handles your shredding if you even have a service? What policies and procedures does the shredding company have?
What about your employees? what type of training do you have for them? Are they keeping your customers information secured or could you walk around your business at lunch time and see critical information left on the desk?
ID theft compliance is more than Physical Security. Physical security offers encryption, Shredding service, IT, etc.
Your business should have a full risk assessment done. Helping you become aware of your businesses weakness. When the assessment is complete you should then be able to develop a plan for your business. Generally the cost will depend on how involved you want to be and just how much you want the consulting company to help.
If you think you can’t afford the cost to get your business in compliance think of the cost if you have a breach. You can’t put a number amount on the cost it could potentially cost your business. The loss of customer trust alone can be devastating.
“If you experience a security breach, 20 percent of your affected customer base will no longer do business with you, 40 percent will consider ending the relationship, and 5 percent will be hiring lawyers!” -CIO Magazine, The Coming Pandemic, Michael Freidenberg, May 15th, 2006
Could your business handle these numbers? Even if it could, you should take responsibility for the protection of your customers and employees.
Danny
