Compared to decades ago, security breaches today have become increasingly popular with small businesses on the target. This is particularly because cyber criminals have discovered these businesses do not have robust security systems and therefore vulnerable. The implication of this is that owners of small businesses need to be deliberate in devoting resources towards data protection. In the event personal information is obtained by hackers through a security breach, the reputation of the business suffers.
In most cases observed, security problems have led to financial losses and even total collapse of businesses. Because of the increase in data security breaches, it is imperative that businesses evaluate and implement additional layers of security. Some of the reasons behind this include:
Enhancement of Customer Relationship
Just as other businesses, small businesses are doing the much they can to create a viable customer base. In order to achieve this, they will have to ensure their clients that their personal data is safe with them. Whenever breaches occur, businesses suffer from the consequences which touch on customer service, reputation, and even their sales. Several businesses have benefitted from putting up appropriate security measures from DELL and other manufacturers to ensure the safety of confidential client information.
Better Insurance Bargains
Insurance companies have become increasingly cautious when giving covers to businesses today because of the risk exposure brought about by e-commerce. Generally, insurance agencies ask business owners to prove that the security measures implemented are sufficient to safeguard it against external attacks. Small businesses which do not comply with the requirements set by insurance companies will not qualify for cover and if they do, the rates will be punitive. Putting in place measures such a firewall helps in reducing the risk businesses face and protects their sensitive data.
Security of Physical Information
We always imagine that sensitive information leakages can only be obtained through the online platform. It has also been discovered that people dig into exterior waste from companies in such of personal information while others go ahead to steal computer hardware. Employees have also been some of the key people in information theft rackets and this is why background checks and continuous verifications are important. Low-level workers should be barred from accessing certain high-security areas.
If your business is using the traditional filing systems that are paper-based, disposal of the old paperwork must be done on a regular basis and in a secure way. You can go for paper shredding which makes so much sense because it grinds the information into unreadable pieces. After the shredding, the materials resulting should be taken to a much secure location where they are dumped.
The bottom line is, data security is a huge concern not just to the larger corporations, but also small businesses. There is a need for these businesses to undertake surveys in order to determine the areas of exposure and put systems in place to protect their data, especially where on site data destruction is concerned. With foresight and dedication, it’s possible for these businesses to surmount the challenges that come with data breaches.