Business cost reduction is a priority in today’s competitive market. However, far too many businesses don’t budget enough for data and document security in their office and end up paying the price later after a disaster strikes – often an expensive one. Here are three ways effective security will save your business money in the long run:
Data protection breaches
You hear about these often in the news. Surprisingly, these types of breaches – such as the theft of user data, credit card details or similar large-scale hacking operations – often ‘catch out’ large, big-name corporations who ought to have better security in place. If your customers have their credit card details stolen, not through holes in their own cyber security but from yours, they are unlikely to trust your business with their personal details again, and you will lose their custom.
Data back-ups (and their recovery)
Cloud computing has paved the way for the mass storage of data, yet 20% of small to medium businesses still suffer the loss of data every five years. Don’t be the one in five who end up in this situation! What appears to be a saving (i.e. not spending enough on back-ups and their management) can cost a business a significantly higher amount if data is lost. If this data isn’t backed up and properly managed, the cost and time involved in recovery can mount up.
Identity theft, phishing and malware
Most businesses think about cyber security in terms of their employees: you encourage them to have strong passwords and to change them often, you have antivirus software installed on your corporate computers, and you have effective back-ups and data recovery protocols. That’s all commendable, however, have you thought about how to protect your users and customers from the same types of threats? Your office many have top-notch security, but what if a hacker is imitating your customer emails on your website and enticing people to give out their data? It’s expensive to put right, but with the right cyber security in place and the ability to manage your customers’ use of their own data, this is another cost that can be avoided before it happens.
United Managed Services is a leading UK provider of business services such as cyber security and data management, so speak to us about ways of saving your business money on data management – not just now, but in the future.