When you’re creating a business plan for your small business, the last thing on your mind is security measures, even though they’re among the most important considerations for any small business. Not integrating a security plan could make all that hard work worthless. The good news is implementing security controls takes just a little time and money and is worth the investment when executed correctly. Here are factors to keep in mind. Identifying Your Security Risks Do you have intellectual property on-site that has a direct effect on the company, such as engineering diagrams? Do you have employee records that could be stolen or hacked? If the product or service information were obtained by competitors, would that put your company at risk? What type of security issues would do the most harm to your company’s reputation? Customer records could be stolen, and your consumers could be contacted by a competitor. Vendor files could be hacked with the intent of harming your credit. Financial data could be stolen, putting you at risk of identity theft and several years of getting back on track. If one of your employees wanted to harm your business, what assets do they have access to? Is [...]
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