Mitigating Risks Associated With Your Personal Data

RigidBitsRisks

Your Data is Not YOUR Data Anymore…

Your personal data is no longer yours once it has been provided to a business online. As a consumer, you have placed your trust in a business that they will adequately protect your information from unauthorized access. Hackers attempting to access this information specifically target the confidentiality of your data. It is nearly impossible to know if a company is worthy or capable of protecting your personal information, so consumers need to take additional actions to protect themselves.

Check Your Exposure

Big name breaches are happening more often than not, and it doesn’t seem to be a trend that is going away. The New York Times recently updated an article that gives a pretty alarming picture of how often your information may have been compromised. You can access the article here.

Monitor Your Personal “Brand”

Most individuals protect themselves physically through different forms of insurance: Life, health, auto, business etc. It’s time for everyone to add another type of protection to that list. Identity theft monitoring and credit restoration services are insurance for your personal brand.

In cybersecurity, we address problems from a risk-based approach. Although it may be impossible to ultimately eliminate risk, we can perform activities that will reduce our overall risk exposure. In this case, the risk you’ve taken to provide your information to a 3rd party needs to be reduced. Risk is defined as the likelihood of a negative event taking place times the impact that event would happen. It may not be possible to reduce the likelihood of your information being stolen from a responsible party, but consumers can reduce some of their overall risk by reducing the impact to themselves. This is where identity monitoring and credit protection services are crucial. These two protections are no longer an option, they are a must have.

If your business handles sensitive customer information, it’s likely you have significant risks to mitigate as well. Data security laws are changing and increasing every day. The cybersecurity industry is observing a movement towards self-governance in different business areas. Credit card processors are already required to perform cybersecurity assessments and the Insurance industry is moving in the same direction. Combine that with state and federal regulations and it’s simply a matter of time before all companies are required to address cybersecurity concerns.

Reduce Risk Through Rigid Bits Services

Rigid Bits helps companies by identifying their key risks and developing a strategy around mitigating those risks. Ultimately, the goal is to reduce a company’s overall risk exposure and help them protect their most important assets: Their customers. What would be more important than that?