Managing data means being entrusted with sensitive and valuable information from your customers. If that information is accidentally released through internal or external breaches, the consequences can be serious for both your customers and your company. Your company could face civil claims of contract breach or you may simply lose loyal customers.
When you deal with your customer’s data, you need to be sure that it is secure throughout the entire lifecycle. Everything, from data collection and transfer, to choosing your suppliers, and the way data is stored, accessed and used needs to be considered. You need to make sure that you are aware of the risks and that someone has thought of all the gaps.