According to McAfee, cybercrime has caused more than $400 billion in damages to businesses. Companies are frequently under the threat of cyberattacks.
As more people shop online and share digital documentation, the need for information security has never been greater.
If a company processes private information and digital payments on its computer systems, it has an obligation to keep this data secure.
Otherwise, it could face legal repercussions from its customers and the local government. Some of these legal repercussions could include lawsuits and hefty legal fines.
Facilities management and quality certification is a great way to protect your digital documents. Facilities management evaluates the company and its operations very closely.
It takes steps to enhance its security, safety, workplace environment, and much more. If your company’s digital security is not that great, then you will discover it and make it better.
Once your facilities management meets the proper standards, the International Organization for Standardization will issue your company a facilities management certification.
Then you can display the certificate to your clients and employees to put their minds at ease about your company’s security and reliability.
Below are the five reasons why companies need information security.
1) Protect the Privacy of your Stakeholders
As a business owner, a lot of sensitive information passes through your company’s computer systems. Such sensitive information requires robust information security management.
You could be storing names, addresses, telephone numbers, credit card numbers, bank account numbers, and all sorts of other sensitive information.
If you do not protect this information, then it will hurt your company, customers, and partners. The consequences of a security breach could include lawsuits and the loss of loyal customers.
If the security breach is reported in the news media, then it could ruin your company’s reputation as well. Therefore, it is worth investing in information security to protect your company.
2) Stay in Compliance with Local Regulations
Local laws and regulations require companies to protect the privacy of their stakeholders. If you do not have the proper security measures and privacy protections in place, then do not be surprised when the local or state government starts to penalize your company with fines.
Sometimes the fines can be over ten million dollars, especially if your computer systems were hacked without the proper security measures in place.
That is why investing in a high-quality security system can save your company a lot of money in the end.
3) Hacking is on the Rise
Hackers no longer must be computer geniuses. The internet has a plethora of hacking tools and programs available to anyone who wants to be a hacker.
So now, you must worry about skilled hackers and novice hackers trying to bypass your security system.
Keep your information security system up to date. Make sure you employ a digital security expert to manage your security system and implement the latest upgrades, updates, and other innovations.
That way, you can stay informed of the latest hacker threats that are out there.
4) The Rise of the “Internet of Things”
The “Internet of Things” are standard everyday devices that can now connect to the internet. Homes and companies have smart technology installed in their front door locks, outside lights, kitchen appliances, alarm systems, surveillance cameras, thermostats, and more.
With all these smart devices inside of your facility, it opens more opportunities for hackers to invade your company and control its operation from some far-away place.
A hacker just needs one entry point, and they can eventually find their way to the information database on your computer system.
Do not allow hackers to do this. If you have a sophisticated IoT setup, then you need an equally sophisticated security system setup that protects each smart device of the network.
5) Keep People Safe
There are more than just financial reasons to protect people’s information. You also must consider their safety as well.
If a hacker finds someone’s address and telephone number, it could lead to a physical altercation or stalking.
To ensure none of your customers or employees faces any bodily harm, you always need to protect their contact information.