Suppose you have a plan in place to ensure the highest level of security through password protection. You make employees create lengthy passwords that feature capital and lowercase letters, numbers, and symbols. You caution them not to share passwords with coworkers and your system prompts them to create new passwords every few months. Further, you implement software to block dangerous websites and you train employees to act with caution, avoiding clicking spammy links and so on.
You’re feeling pretty good about your plan, right up until an employee carelessly tosses a Post-It note with password information in the trash, it gets stolen by a dumpster-diving thief, and just like that, your system is compromised. Even the most secure protections are subject to flaws, and if you want to properly protect your network, it pays to have multiple layers of security in place. Here are just a few reasons why you should rethink your strategy and partner with a reputable service provider like Next Level Technology to create a multifaceted approach to managing and securing your business.
Comply with Applicable Laws
Businesses of every stripe are beholden to laws designed to protect sensitive data from falling into the wrong hands. Your company may have to comply with privacy laws at the federal, state, and local level, just for example, or you might be in an industry that observes even stricter standards, like those spelled out in HIPAA or FACTA.
When you fail to properly protect data, you could wind up facing government penalties and much worse. Having the right security measures in place, including multiple layers of protection like firewalls, antivirus software, passwords, encryption, and monitoring, just for example, could help to ensure compliance.
Your customers entrust you with all kinds of confidential data, from names and addresses, to social security numbers, to financial account numbers. When such data is compromised, it could have a negative impact on the very people that support your business, causing them to suffer identity theft, fraud, and countless other consequences. The onus is on you to find suitable ways to keep this data safe.
Protect Proprietary Data
In addition to protecting the sensitive, personal data your customers provide, you also need to consider the damage that could be done to your business if proprietary data is compromised. Competitors could use information about pending patents, products, or even your company’s forecasting data to change their own plans and get ahead. This could spell disaster for your business.
Maintain Your Business and Reputation
A breach has both immediate and long-term consequences for your business. At the very least, you’re likely to experience some downtime as you attempt to repel attackers, assess damage, and get your operations back up and running.
Even worse, though, is what could happen if sensitive data is compromised. You could find yourself facing government penalties and dealing with lawsuits from disgruntled customers or employees whose information was stolen. You could lose not only current customers, but prospective customers. Your reputation could be irreparably tarnished. Revenues could wane.
None of this is good news for the future of your business, and such outcomes could be avoided with multiple layers of security in place that convince hackers to move along and look for easier targets.