data security

Considering how easily and quickly sensitive data can be stolen or damaged in the finance sector, excellent data security isn’t just important; it’s imperative. The following finance businesses should always maintain strong data security across the board, with no exceptions:

  • Commercial Banks
  • Credit Unions
  • Brokerages
  • Investment Companies
  • Investment Banks
  • Savings and Loan Associations
  • CPAs
  • Tax Preparation and Consulting Companies
  • Auditors
  • Accountants

If you run a finance business, make sure you have a strong focus on consistently and effectively improving data security. In this article, we’ll offer a closer look at three ways to get started.

 

1. Understand Your Threats

The first step to improving financial cybersecurity is understanding your threats. In most cases, financial institutions fall victim to a range of unique cyber-attacks.

Malware and hacking are the two leading causes of data breaches in the finance sector. However, your finance business can also fall victim to accidental disclosures and insider threats. As cloud adoption increases, it can also invite risks.

Make sure you have a good grasp on all the potential threats your finance business can face. This is a great way to understand how to protect yourself. Based on your unique business, your security threats will be a tad different from other financial institutions. Understand and assess them before you proceed with cybersecurity implementation.

 

2. Create an Individualized Game Plan

cybersecurity experts creating a data security plan

Once you’ve identified your company’s data protection vulnerabilities, start working on an individualized cybersecurity strategy. We recommend reaching out to an experienced and qualified cybersecurity IT company specializing in serving finance sector businesses.

3i International should be your first call in Texas. We’re recognized for creating custom data security plans for finance businesses based on their unique structure, goals, and vulnerabilities. Your security plan will ultimately help you reap the benefits of business continuity and stability.

 

3. Plan Ahead

Simply signing up for security services isn’t enough. Once you have the professional support you need, make sure you focus on the long run. How can your company steer clear of data breaches five, ten, or even fifteen years down the road? Do you have a mitigation plan in place? Discuss these concerns to protect your company from all ends.

If you’re ready to get started, give us a call. In addition to providing financial cloud-based data management and cyber security consulting services, we also offer IT managed support services, VoIP services, and more. You can also take a closer look at the specific industries we serve across Texas.