Did you know there are three key security areas a company must address to reduce the risks of financial penalties, damage to brand reputation, customer loyalty and shareholders value? They are:
Ø Internal Security Breaches
Ø Records Management Security
Ø Consistent Content Refresh for Personnel Training
Internal
Most companies have spent years addressing and protecting the company from external or perimeter breaches of security. Studies have identified that 90% of all data breaches are internal. The human element is the biggest risk area facing data protection today.
§ Employee negligence (42%) and broken business processes (33%) are considered the two top threats to data. – Ponemom Institute and Vontu, “U.S. Survey: Confidential Data at Risk Survey”
§ “Technology alone cannot address one of the most difficult problems to manage in security: the human factor.” – Forrester Research
§ “Employee misconduct and unintentional actions, like errors and omissions, are the greatest cause of data security breaches.” – Deloitte & Touche
Records Management – Methodology
Business records are the lifeblood and the collective memory of your organization. That’s why it’s so important to manage the records lifecycle from creation through archiving or disposal. Many companies continue to focus and refine their records management processes and neglect the need to consistently track and document employee adherence to regulatory requirements for records management.
Companies that fail to follow and train employees on best practices for records management, leave themselves open to compliance issues from federal and state regulatory requirements, resulting in potential fines upon inspection.
Consistent Content Refresh
Many companies are challenged to maintain security training and awareness programs for their employees. The ability to consistently update and refresh content with the latest changes in federal and regulatory requirements is the major challenge.
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