Protecting our data makes good business sense

Marvel Comics creator Stan Lee once said, “With great power comes great responsibility”.

Now while Lee may have been referring to Spider-Man, we could all take a leaf out of the superhero’s book when it comes to protecting the privacy of our clients and information. 

In their recently published Privacy Dividend Report, the Information Commissioner’s Office (ICO) urged organisations to invest in privacy protection because, effective next month, they will have the power to fine organisations up to 500,000 for “deliberate or negligent” breaches of personal data.

The financial incentives are overwhelming but think of the damage data loss could have on your business.

If made public, the embarrassment to the company’s reputation alone could cost future prospects, not to mention the potential harm if information fell into the hands of a competitor.  If your rival managed to get their hands on valuable customer research for example, the cost could be catastrophic for your business.

Closing the data loss stable door is no longer an option.  Getting ahead of the game is the only way to prevent any risk to your employees, clients and company.

As the old adage goes prevention is better than cure – it doesn’t take spider-senses to know this makes good business sense.