How much is your data worth? … AND do you protect it?

Why do you have a lock on your door?  Usually it’s to stop undesirables getting into your house and/or business whilst you are not there.  Sometimes a basic lock is not enough security and the consequences can be very unpleasant.

The criminal world is always working on ways to improve their access to your stuff and data.

Let me ask you about your Information Systems.  Do you have a password. Lock on all your computers – at home as well as at work?

Do you have a password on your phone, tablet or other equipment that holds data?  Do you have a robust Internet security system in place?  Do you have a Spam filter? How about a robust Antivirus?

The Data Protection Act calls for all third party data to be protected.  You could be fined tens, if not hundreds, of thousands of pounds for a breach “a penalty for knowingly or recklessly failing to comply with the data protection principles so as to create a substantial risk that damage or distress will be caused to any person”.    This could wipe your business out in itself!

Even if you don’t have a problem with the Data Protection Act; the value you will lose if someone can collect information about you and your contacts and use them for his own gain could be significant.

What if you lost your client list and contact details, how would you operate?  What if someone pretended to be you and took your company Intellectual Property?

If you lost all your data, could it ruin your whole business?

Typically, your data is worth your whole business. How much is your business worth and should you be putting more robust hi-tech and physical security in place?

Also you may also want to put a strict procedure in place for your team not to pass out client details without express permission or carry data around on an unsecured device, such as seems to happen a lot with data disks, laptops and data sticks by people working in the civil and military services.

If you want to find out ways to introduce robust systems to protect your data, call me on 07766 080770 or email alex@alexpetty.biz

About alexpettybiz

We educate and inspire business owners to realise the potential in themselves and their business. The way we do it is to help make businesses easier to run, more profitable and more fun. We believe in coaching at every opportunity to help business owners succeed. What can we do for you?
This entry was posted in Biz tip, Risk Management. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.