Business data contains a wealth of information that needs to be protected. Whether you are a medical professional looking to protect patient information, dealing with financial records, or protecting business trade secrets, you have a need to keep your data secure. At TCI, we have helped numerous businesses keep their information safe and secure through an advanced cybersecurity framework custom-tailored for their specific needs.
DIFFERENT FORMS OF SECURITY SOLUTIONS
Security solutions take on many forms; however, no matter what form you choose, cybersecurity services are essential for protecting your business data. There are two primary forms of business data—physical and digital. Physical data refers to the data that is stored on paper in files, drawers, etc. Digital data refers to anything stored online, on computers, hard drives, networks, etc. Physical security such as access control, cameras, etc. can protect physical data whereas Cybersecurity focuses on the protection and preservation of digital assets.
To protect your data, it is necessary to have a variety of cybersecurity solutions in place. These can include VPNs, encrypted storage, ransomware protection, anti-virus software, etc. These security measures will be dependent on the data being stored, where it is being stored, and the desired level of protection that your business requires.
BENEFITS OF CYBERSECURITY SOLUTIONS FOR YOUR BUSINESS
Now that you have a better understanding of the types of security let’s discuss the various benefits you can expect from these security solutions. There are five main benefits of security solutions—they keep you safe from cyber attacks, protect your business reputation, keep you safe from financial and legal losses, decrease insurance costs, and protect you from internal threats.
SAFE FROM CYBER ATTACKS
Your digital data is an asset to your company. It can contain information such as financial statements, business plans, revenue optimization, risk assessment, confidential client files, personal employee information, trade secrets, proprietary research, etc. If compromised, this data can be used for identity theft, accessing brokerage accounts, committing tax fraud, gaining a competitive advantage, and leaking confidential information. Because of this, digital data is a prime target for cyber-attacks.
PROTECT YOUR REPUTATION
If your business’s digital data is compromised, it can significantly impact the reputation of your business. Customers, clients, patients, etc., trusted you with their personal information, and because of your lack of security, they are now vulnerable to identity theft and other nefarious activities. This inability to protect their private information can result in lost customers and a decrease in potential customers in the future. By simply utilizing security measures, you can protect your business from disreputable activities and demonstrate a commitment to protecting your customer’s information.
SAFE FROM FINANCIAL & LEGAL LOSSES
Numerous laws and regulations protect the data of your customers and patients. If their data is compromised because of the inadequacy of security measures, you can be charged hefty fines from regulators and find yourself a defendant in a class action lawsuit initiated by the victims. All of this can lead to significant financial and legal penalties. These penalties can result in your business being unable to operate and forcing you into bankruptcy. With effective cybersecurity solutions, you can avoid these headaches and keep your business data safe.
LOWER INSURANCE & CLAIM COSTS
When it comes to physical data, utilizing robust cybersecurity measures can actually result in lower insurance costs. Insurance companies consider your business to be less of a risk if you have appropriate measures in place to keep data safe. Some require specific minimum cybersecurity measures to write coverage and having additional measures may lower premiums. Similarly, if a security breach does occur and you are insured, the mitigation costs will be lessened by the coverage.
PROTECT FROM INTERNAL ATTACKS
While external attacks are more common, internal attacks do happen. A disgruntled employee can cause harm, as can one who leaves and takes proprietary data with them. Protect your business from data leaks, and fraud with strict cybersecurity measures. Security solutions such as biometric authentication, 2-factor authentication, data logs, and more can ensure that vital data is protected from the inside.
PROTECT YOUR DATA WITH THE RIGHT CYBERSECURITY SOLUTIONS
At TCI, we offer a range of security services designed to protect your vital business data. We have helped government agencies, medical companies, educational facilities, and businesses of all sizes keep their data protected and secure. Call us at (757) 490-7733 or contact us today to learn more about how we can help protect your business.