Businesses have a responsibility to protect “private” information that belong to employees and customers. Social security numbers, credit card numbers, and health information are among the information that falls under these legal protections. If you are storing this type of information and your network is breached, your business has a legal responsibility to report that to the appropriate authority.
The nightly news is filled with example of corporations receiving large fines for breaches, such as AT&T’s $25 million fine and Morgan Stanley’s $1 million fine. What is lesser known is that small business is far more often the victim of breaches and those small businesses are subject to fines, and the cost of credit monitoring for each person whose information was breached. With the massive increase in malware, the threat of a data breach is higher than ever. How do you avoid being the victim and avoid those costly fines?
Cybersecurity is a topic we could blog on all year and still not cover every angle. For the purposes of this discussion, we will focus on a proactive measure that your business can take which is to identify your areas of risk. That identification process is accomplished by scanning computers for the type of information that your business has a legal obligation to protect. Our scans find and report on the location of that data so remediation can take place. With this information, a decision can be made to either discard the private data if not needed or protect that data if needed.
The scan results have often been startling to the business owner. We have found information that would have led to as much as six figure fines. Don’t get taken by surprise, let Colden Company help you avoid the fines! Contact us today at (888) 600-4560, email us, or visit us on Facebook or Twitter.