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Effectively Managing Increasing Client Security Requirements
From server-filled data centers dotting the countryside to the phones in our pockets (not to mention those in our cars, homes and offices), computers are almost everywhere. In the course of extending this digital realm in which we work and play to business and industry, our most intimate and confidential data has been widely digitized, monetized and shared. It might be said that the value of our personally identifiable information is only now being recognized and the protections appropriate to that value being demanded. Diamonds get armed guards. What does your banking information deserve?
Gone are the days of basic security precautions like simply installing antivirus software and having a dedicated IT team. Today is the era of two-factor authentication, longer and stronger passwords, clean desk policies, mobile device management, network encryption and partnering with the right vendor to perform security scans and audits to keep your business ahead of hackers and malicious actors. Defense-in-depth is an old but increasingly relevant concept and strategy.
Gone, too, are the days of naively assuming our confidential data is secure. Increasingly, clients, stakeholders, regulators and others are demanding proof that firms are actively protecting the PII to which they have access, and this evidence is being demanded both before and after security incidents. In fact, such audits are likely to occur for many firms without a cyberattack being the trigger.
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