Are You a Small Business with Big Clients? Your Cyber Security Better Measure Up
If you work in the distribution/manufacturing industry, then it’s likely a lot of your clients are pretty big names. They need your services to help them run their businesses, which could very well be large, powerful companies. Therefore, these clients will have very high expectations of your company’s security and expect certain standards when you collect their sensitive information.
If you’re a small business with big clients, your cyber security better measure up. Here’s why:
You Should Provide Your Client With a Huge Sense of Security
If you work in manufacturing or distributions, then you need to have tight security on all levels. Even if you’re a small business, it’s likely you could be doing work with a lot of different clients.
From the time a new client walks in the door (or sends you an email inquiring about your services) their information needs to be 100% secure. They’re already well aware of the consequences if your systems are non-compliant.
Don’t even give them a chance to wonder. Pride yourself on letting your clients and future clients know what steps you’ve taken to make sure their information is safe with you.
Word of Your Security Situation Can Spread Quickly
If you’re the business that big-name companies come to, you’re most likely a household name in those industries. Clients are quick to recommend their friends to a company like yours. If you’ve been around a while, a lot of people probably know you.
But, there’s also a chance that if you’ve been around a while, cyber security may not have been such a concern ten or fifteen years ago. People are going to want to know you’ve stepped up your game to accommodate them. If someone knows you’re not taking those measures seriously, people will know.
You don’t want people saying, “Be careful with that guy.” Instead, you want them saying, “You’ll never have any issues with him!” Most of all, it’s important to remember that if you’re the leader of your company,
Most of all, it’s important to remember that if you’re the leader of your company, you’re ultimately responsible if a data breach occurs. You definitely don’t want that to happen to you and your company’s overall reputation.
If Their Data isn’t Protected, You Could Face Legal Consequences
If you’re taking any payment card information or other sensitive information from your clients, then you must be held to certain standards. If those standards aren’t met, you don’t even need to have a data breach in order to be fined. But, if you do experience a breach and the information of your “VIP” clients gets leaked, you could easily face tough legal consequences. The price you’d have to pay could wipe out your business entirely…if you’re lucky.
Nowadays, Expectations are High for Everyone
While manufacturing and distribution companies should, for these reasons, take more precautions to keep their customers’ data safe, they aren’t the only ones. Small businesses like these need to take extra care in protecting their data from the get-go, as they can be easier targets with fewer resources to handle such a thing.
But, it’s not just about small businesses, big businesses, or the type of industry you’re in. These days, customers everywhere are well aware of what can happen to their information in a data breach, and how easily hackers can get their hands on it. Therefore, expectations are high for EVERYONE, no matter what kind of business you’re in.
Don’t be the company who loses business because you thought you could take the chance. Trust us, it’s not worth it.
Smeester & Associates can help CEOs like yourself make the right decisions for your company, whether those involve cyber threats or other concerns in your IT department. To see if you’re at risk of a security breach, take our RiskAware™ Cyber Security Scan & Report today.