As we have learned from the latest high profile hacking victim, Equifax, cyber-security is arguably as important as protecting a company’ brand. A company cannot be successful if it cannot protect trade secrets, and sensitive customer information. Even more important, a company should know that it could be vulnerable to a number of electronic attacks.
With that, cyber-security plans should take into account the company’s strengths and weaknesses, its core competencies and potential growth opportunities, as well as its core values. This blog post will establish a few key elements to consider.
Your competencies could create targets – There’s a common methodology among thieves corporate espionage agents; they are more likely to take information or pieces that make a company successful. For retailers, this could mean transactional data. For a law firm, it could be discovery data or litigation secrets. Whatever makes your core competencies unique, a hacker is probably seeking access to it. This should form the basis of your cyber-security plan.
Vendors should share your security values – More often than not, security breaches are initiated through a company’s vendors. This makes sense given the high levels of access some vendors may have. But if a vendor does not have similar high level security protocols, chances are that they may become an unwitting Trojan horse in facilitating a breach.
Protect the most integral personnel – If certain high-level employees have access to sensitive intellectual property, chances are these are the people hackers will target. As such, these employees should garner an equally high level of protection through limited access (by other low-level employees) and stringent credentialing protocols.
If you have questions about the legal aspects of a proper cyber-security plan, an experienced attorney can advise you.