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You’re responsible for your data – wherever it may be8:54 am on November 10, 2008 | By Daniel Pagan | In information security, risk management, security policy |In a 2008 Ernst & Young Global Information Security Survey covering a wide variety of security concerns, results indicated that approximately 45% of respondents demanded data security measures of their vendors & contractors. If you are a business owner or manager contracting with vendors to provide services that require use of your confidential data, don’t you want them safeguarding that data as diligently as you yourselves do? Consider you vendors who need this data to effectively deliver the services you employ them for. Payroll, health & employee benefits, credit reporting, auditing, financial processing, professional consulting…the list goes on and on.
Any time unprotected data is exposed whether it be through loss, theft or hack, it is your responsibility – even if it was a third party who had the data in their possession. Why? Because the consequences are ultimately yours. Embarrassing press coverage, disclosure costs, credit monitoring services, fines, civil penalties are just the start. The most painful consequence…? Customer exodus.
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