How Secure is Your Business’ Confidential Information?

~by Kara Masterson~

Stealing and selling confidential information from business and individuals has become a lucrative trade. Regardless of the size or nature of your company, you can expect someone to try to get the information you have. That is why it is essential for you to act now to safeguard your customer information and trade secrets as well as your financial and payroll details so that you can avoid a damaged reputation and loss of your business.

The following 5 tips will help you get started.

1. Improve Network Security

Information Technology has improved the efficiency of business, but it has also created vulnerabilities that leave companies open to data theft. That is why it is a good idea to implement an organizational information security policy that includes the use of strong passwords, user-level access controls, and firewalls to protect your resources. However, despite your best efforts, you might discover that you need help with your network security. Services such as Stealthbits can enhance your safety by using advanced technology to detect intrusion and quickly shut down compromised accounts.

Shredded Paper2. Enforce Physical Security

Some firms become so obsessed with the security of their digital assets that they forget about physical threats to their information. It is important that you get control over your physical documents by storing them in locked filing cabinets and discarding them using a shredder rather than a trash can. You can also use physical access controls to restrict access to confidential information for employees who need it to do their work. If you routinely have clients or vendors visiting in your office, prevent snooping by establishing strict rules that limit the open display of confidential information on desktops and tables. Overheard meetings and phone conversations can also compromise sensitive information, so make sure they occur only in secure locations.

3. Utilize Employee Training

Many employees might not have a conscious awareness of the damages that can occur as a result of carelessly handling virtual and physical information. Annual training for your existing employees and specialized training for new workers will make your team a powerful defensive front line for your company.

4. Implement Sensible Policies

Employees with access to your business information can take it with them to their next employer, who could use it to steal your customers and destroy your competitive edge. Make sure all your employees have valid signed confidentiality, non-disclosure, and non-compete agreements in place, and that they understand your willingness to act vigorously against infringements.

5. Smart Customer Service

Anyone can call into your company acting as a client or vendor and gain access to confidential information. Make sure to have your staff take reasonable precautions to verify the identities of callers and email correspondents so they don’t inadvertently put valuable information into the wrong hands.

Overall, you should realize that keeping company information confidential requires careful planning and a deliberate effort. The above tips should help you start building a secure work environment where sensitive information stays safe.


Meet the Author: Kara Masterson

Kara Masterson is a freelance writer from West Jordan, Utah. She graduated from the University of Utah and enjoys writing and spending time with her dog, Max.

If this resonates, you don’t have to figure it out alone.
We host small, thoughtful Round Table conversations inside Women’s Entrepreneur Network where women leaders talk through exactly this kind of challenge.
You’re welcome to join us.

Related Posts

The Case for Slower, Smarter Growth

The Case for Slower, Smarter Growth

More small businesses are damaged by growing too fast than by growing too slowly. That sounds contrarian and it isn't, particularly. It's just that failure from slow growth is visible and failure from fast growth looks, right up to the end, like success. The mechanism...

Why Real Leadership Is Boring (and That’s a Good Thing)

Why Real Leadership Is Boring (and That’s a Good Thing)

A well-run business is dull to watch. Things arrive when they were supposed to. People know what they're doing. Problems get handled at a size where handling them isn't interesting. Nobody makes a dramatic save, because nothing needed saving. This is the part that...

The Quiet Skills That Make Great Leaders

The Quiet Skills That Make Great Leaders

Leadership development almost entirely trains the visible skills. Presenting. Deciding quickly in a room. Having a clear answer when someone asks. Projecting confidence. Those matter. They're also not what determines whether a team functions, and the skills that do...

Why Empathy Is My Greatest Business Tool

Why Empathy Is My Greatest Business Tool

~by Haley Lynn Gray~ The phrase I hear most often from people I work with is: "Now that makes sense." It usually comes after I've explained something they'd already been told several times — just not in terms that fitted their situation. That moment is what I...

What Your Worst Boss Can Teach You About Leading

What Your Worst Boss Can Teach You About Leading

Ask a room of business owners why they started, and a surprising number will mention a boss. Not always as the main reason. But somewhere in the story is a manager who took credit for their work, humiliated them in a meeting, broke a promise about a raise, or called...

Find what you need

Lead Your Team

Delegation, hiring, difficult conversations, and becoming the boss you'd want to work for.

Build the Business

Pricing, launching, systems, and building something that doesn't depend on you.

Women in Leadership

Negotiation, the pay gap, and what the research actually says about women who lead.

Get Seen

Being visible without the cringe — podcasts, content, and being remembered.

Lead Yourself

Courage, your inner critic, time, and protecting what matters most.

You're Not Alone

The loneliness of leading, and why the best owners don't solve everything alone.