Proactive Security Strategy Print

Implementing a Proactive Security Strategy

Electronic communications have become an essential and effective channel for organizations to conduct business.  However, along with the ease of transacting business and the global reach it provides, also comes the risk of data leakage  While there is no silver bullet for protecting information assets from the risks and threats of leakage, a proactive security program which encompasses prudent practices, such as content monitoring and filtering of electronic communications, will help ensure the security and confidentiality of NPI and PII, and compliance with regulations that mandate the protection of sensitive information.   Regulatory compliance must be achieved; however, it shouldn’t be the only reason for implementing proactive security.

Security controls instill confidence and trust;  and these practices show your customers that you value their business and respect their privacy needs.  Security controls also protect your reputation by limiting your vulnerability to security threats and data compromises, thereby helping you attract new business and improve your bottom line.  Not instituting proactive tools for monitoring, reporting, and controlling the risk of unauthorized access or disclosure, puts your institution at a serious risk for compromise, reputation damage, and financial loss.  What is your reputation worth?  If you experienced a data breach like the credit card processor, CardSystems, would you survive?  They didn’t.  The dollar costs to clean-up after a breach will far exceed the costs to implement proactive security, the financial losses reimbursed to customers, the manpower to recover systems or to issue new card or account numbers, the loss of market share, and the civil monetary penalties for violations of law, not to mention damage to personal reputations.

Your organization may not be a Fortune 500 financial corporation, but you can cost-effectively leverage leading data leak prevention technologies, just as the big financial corporations have, to protect NPI and PII.  Citibank and Bank of America have clearly demonstrated that when given a choice, customers choose financial services organizations that put their privacy on the list of critical service requirements.  By implementing a marketing strategy that leverages state-of-the-art security practices with strong security branding, your organization can recognize the business benefits of a proactive security program.