Why Your Business Requires Security

The States and Federal Identity Theft and Privacy Protection Laws now require businesses, agencies and organizations of all sizes to protect all personal information they store, and report to all their customers whenever a breach occurs. The financial ramifications after having a data breach can be very substantial to both present and future business. In some many cases a company never does recover from a breach and is forced to close down. Currently, the average cost on a company is $3.7M per incident.

Archive for May, 2010

May
03

Are You Protecting Your Data With a Screen Door?

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Well, you probably heard about the Educational Credit Management Corp (ECMC) data theft on March 21st of a media device that stored the student loan information of 3.3 million individuals. While this theft could be devastating to the individuals – depending on who stole the information and what they do with it – it is already a major expense for ECMC. Here are just a few costs they can expect:

• Bad press
• Government investigations and fines
• Credit monitoring services to the victims
• Law suits and legal services
• New security technologies and policies to implement
• And then, how productive will employees be with all these changes being implemented. Read More→

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May
02

Technology Companies Must Incorporate Security Engineers

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All technology developing companies must incorporate security engineers before bringing new products to market. Anything less is just plain irresponsible and greedy. It pains me to criticize my fellow technology brethrens, but privacy theft has to be stopped. Read More→

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