Business Security Plan

Business Security Plan-76
On November 3, 2010, the Privacy Rights Clearinghouse released a report that among other items showed that "80 percent of small businesses that experience a data breach either go bankrupt or have severe financial difficulties within two years." Small companies should be very concerned about data leakages, and let me share two examples of small business data security incidents I was involved with just in the past few months.

On November 3, 2010, the Privacy Rights Clearinghouse released a report that among other items showed that "80 percent of small businesses that experience a data breach either go bankrupt or have severe financial difficulties within two years." Small companies should be very concerned about data leakages, and let me share two examples of small business data security incidents I was involved with just in the past few months.

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This could have been easily prevented by encrypting the computer, which by the way can also be done for free.

I will reiterate the data leakage statistic..."80 percent of small businesses that experience a data breach either go bankrupt or have severe financial difficulties within two years." Small businesses should be very concerned about data leakage, and in this article, I will cover a 5 step security plan that every small business can follow to protect their assets.

Introduction A recent Trend Micro survey that showed that only "49 percent of small companies view data leakage as a serious threat, while 63 percent were more concerned about viruses." Although it is understandable that more companies were concerned about viruses as opposed to data security leaks - for the simple reason that viruses are a more common occurrence - but data security leaks can be much more detrimental to the long term health of a small business.

Here is an alarming statistic that all small businesses should be aware of regarding data security leaks.

The impact of the loss of the laptop would depend on the data contained on the laptop, and you may choose to limit the data contained on a laptop because it is considered a more vulnerable asset.

Once you have determined the TVI for each asset or asset classification, you can then create a risk assessment matrix which is simply the impact a disruption to each asset or asset class would cause to your company, and the probability of it happening.Personal banks accounts were accessed and money was stolen among other things.When a credit card is breached it is a major inconvenience, but it can be stopped relatively quickly.When a bank account is breached, it becomes a much more difficult issue to deal with and fix.This business lost the trust of hundreds of patients in addition to putting their financial and personal information at risk.Once you have identified your information assets, then you will need to tag and inventory the assets.It can be as simple as using the serial number and description of the asset and inventorying it in an excel spreadsheet to barcoding and tagging each asset and inventorying in a database.Examples would be computers, phones, servers, fax machines, paper, flash drives/removable media, etc.A good rule of thumb is that if it contains client or business proprietary data, then it should be considered an information asset.This 5 step security plan will be based off similar concepts that you will find in ISO 27001 data security, and although it will not be nearly as comprehensive as ISO 27001, it will be a strong foundation for protecting your company's assets.Step 1 - Asset Identification/Classification and Risk Assessment Identify Information Assets The first step is to identify your information assets.

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