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Posted by / 13-Sep-2020 22:26

Sometimes it’s necessary to collect personal data as part of a transaction.But once the deal is done, it may be unwise to keep it.By collecting email passwords – not something the business needed – and then storing them in clear text, the FTC said the company created an unnecessary risk to people’s email accounts.The business could have avoided that risk simply by not collecting sensitive information in the first place.

And most of these alleged practices involve basic, fundamental security missteps.

Factor it into the decisionmaking in every department of your business – personnel, sales, accounting, information technology, etc.

Collecting and maintaining information “just because” is no longer a sound business strategy.

When managing your network, developing an app, or even organizing paper files, sound security is no accident.

Companies that consider security from the start assess their options and make reasonable choices based on the nature of their business and the sensitivity of the information involved.

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Distilling the facts of those cases down to their essence, here are ten lessons to learn that touch on vulnerabilities that could affect your company, along with practical guidance on how to reduce the risks they pose.