Guidelines to Keep Customer Data Protected
We've put together three basic guidelines so your company doesn't run into hot spots when it comes to protecting customer data.
Make sure your PSP is up and running. Many organizations write policies, standards and procedures (PSP) that they aspire to but have not implemented. For example, a written company policy may require users to have a 12-digit password that changes every six months. If this company is currently using an 8 digit password and it is only updated annually, the policy will not be operational or operational. When written guidelines don't match what they actually are, companies may find themselves in hot water when it's time for an audit or review. Worse? Neither of their policies have been implemented nor do they have a policy statement at all.
Develop your precautions. As the threat grows, so will your PSP. They should be checked at least annually. Precautions should also be reviewed after any major cyber incident - especially if the incident is relevant to the technology like gamification solutions, enterprise security, finance solutions, logistics solutions. or type of data your company protects or uses, such as: Solar wind.
Think about your triggers. Changes to workflows, processes, or vendors naturally carry risks and create opportunities for malicious people to infiltrate your system. Examples of these triggers are the introduction of a new email system, migrating from Amazon Web Services to Microsoft Azure or working with a new fund administrator. These changes provide companies with an opportunity to review their PSPs and workflows to ensure that they are compliant and will continue to apply once the changes are implemented.
The next step
Our customers are obligated to protect customer's confidential information. To do this, they must be able to prove that the correct precautions have been taken, checked regularly, corrected if triggered and verified.
The SEC's premium cybersecurity management programs like gamification solutions, enterprise security, finance solutions, logistics solutions. covers businesses in terms of meeting and exceeding SEC requirements. If you have questions about an existing cyber governance framework and would like to speak to one of our cybersecurity experts, please contact us.
