If you haven’t already, chances are you will be required in the next year or two to submit proof to a supplier or customer that you are taking all reasonable precautions to secure their data or network when you access them. Learn more here …
Market Your Security Measures
If you look at your security measures as a cost only, you’re doing it wrong. In an online survey of 10,000 consumers conducted by Harris Poll for IBM in 2018, 75 percent of consumers said they would not buy a product from a company, no matter how much they liked the product, if they didn’t trust the company to protect their data. And, of online retailers who experienced an increase in online sales, 58% say enhanced security features had a very significant impact on their sales in the 2017 American Express Digital Payments Survey. So, in an age when the security and privacy of PII factors into buying decisions, tout the measures you have taken to protect the sensitive data of your customers, employees, board members and suppliers. Learn more here …