The business could have limited its risk by securely disposing of the financial information once it no longer had a legitimate need for it.
For example, in the Guess? Insist on complex and unique passwords. Business executives often ask how to manage confidential information. For example, Fandango and Credit Karma turned off a critical process known as SSL certificate validation in their mobile apps, leaving the sensitive information consumers transmitted through those apps open to interception through man-in-the-middle attacks.
In the Gregory Navone case, the FTC alleged that the defendant maintained sensitive consumer information, collected by his former businesses, in boxes in his garage.
When it comes to security, there may not be a need to reinvent the wheel. In each of those cases, the risks could have been reduced if the companies had policies and procedures in place to store credentials securely.
Includes tips on how to use and share the Start with Security resources with employees, customers and partners. Limit the instances when employees need to be out and about with sensitive data in their possession.
Update and patch third-party software. Similarly, in Reed Elsevierthe FTC charged that the business allowed customers to store user credentials in a vulnerable format in cookies on their computers. Administrative access, which allows a user to make system-wide changes to your system, should be limited to the employees tasked to do that job.
FTC cases offer advice on what to consider when hiring and overseeing service providers. Require secure passwords and authentication.
When was the last time you looked at that process to make sure you really need everything you ask for? Before going to market, consider the lessons from FTC cases involving product development, design, testing, and roll-out. Small businesses can comment to the Ombudsman without fear of reprisal.
Early in the development process, think through how customers will likely use the product. For example, when sending files, drives, disks, etc. For example, in Goal Financialthe FTC alleged that the company failed to restrict employee access to personal information stored in paper files and on its network.
As a result, hackers could use one in-store network to connect to, and access personal information on, other in-store and corporate networks. Lessons from FTC cases illustrate the benefits of building security in from the start by going lean and mean in your data collection, retention, and use policies.
Sometimes the wisest course is to listen to the experts. When vulnerabilities come to your attention, listen carefully and then get a move on.
You can help protect particularly sensitive data by housing it in a separate secure place on your network. So you have a great new app or innovative software on the drawing board. When it comes to security, keep a watchful eye on your service providers — for example, companies you hire to process personal information collected from customers or to develop apps.
Consider a clearly publicized and effective channel for example, a dedicated email address like security yourcompany. How to use and share Start with Security Start with Security offers free easy-to-use resources for building a culture of data security throughout any business.
Heed credible security warnings and move quickly to fix them. When does your company ask people for sensitive information? What could the company have done to reduce that risk?
And in Lifelockthe FTC charged that the company failed to install antivirus programs on the computers that employees used to remotely access its network. When designing your network, consider using tools like firewalls to segment your network, thereby limiting access between computers on your network and between your computers and the internet.
For many companies, storing sensitive data is a business necessity. That made the apps vulnerable to man-in-the-middle attacks, which could allow hackers to decrypt sensitive information the apps transmitted.
Hackers use automated programs that perform a similar function. Make sure your service providers implement reasonable security measures. Monitor activity on your network.The Business Plan has been completed with the assistance of a Business Coach from the local Enterprise Development Agency, and is designed to support my idea and allow me a realistic overview of the viability of the proposal.
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For many companies, storing sensitive data is a business necessity. And even if you take appropriate steps to secure your network, sometimes you have to. Get inspired with our gallery of over example business plans. Choose the category that is closest to your own business or industry, and view a plan you like.
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A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way.Download