One business trend that is guaranteed to gain traction in 2016 is data security – with the recent spate of cyber attacks on high-profile targets such as TalkTalk, V-Tech and Ashley Madison forcing many business owners to re-think their online security strategies.
Witnessing the devastating effects of these criminal acts through mass media highlights just how important data security has become to 21st Century businesses. The BBC reported that the TalkTalk hack could end up costing the network provider up to £35 million in one-off costs. These additional costs include covering the response to the incident, additional IT and security infrastructure, increased calls to the call centre and, of course, lost revenue due to the inevitable fall in consumer confidence.
While it’s easy to think this will never happen to your business, it pays to be prepared – and as the head of your business, the responsibility for keeping your team security savvy lies with you.