While corporate executives have picked up practical tips on how their company can secure and protect the personal information it keeps, leaders of small businesses and organizations have to do more to protect the personal information of their employees.
But some business owners may still be wondering why data security should be at the top of their agenda. Two reasons show why your company should strive to safeguard personal information.
First, good security is just plain good business. Aware of the risk of identity theft, today’s customers are concerned about their privacy.
As any business that has experienced a breach, and the theft of personal information has learned, customers prefer companies that demonstrate a commitment to security.
For the same reasons, customers will think twice before doing business with a company that has experienced a privacy breach. Given this choice, many businesses find it more cost-effective to secure the information they have rather than try to repair the damage and rebuild consumer confidence after a data loss or breach. (more…)