Commercial Security Toronto: Data Privacy Is Crucial In Business Growth

The internet has changed how people do things in many ways, especially in the finance sector. Online banking has tremendously modified the way it deals with its customers and clients. With the existence of the Internet, convenience has literally been delivered at your fingertips.

Most commercial institutions have learned to maximize the use of the Internet. Their businesses and their partners are interconnected by way of the Internet, which gives the convenience of exchanging relevant business information in real time.

While Internet’s contribution to mankind cannot be doubted, it has also left everyone more vulnerable to more risks than ever before. In the previous era, it is very easy to secure information, but difficult to reach customers. Today, the opposite is happening. Financial commercial security Toronto systems that previously had a very well-defined border are now borderless. With this situation, the finance sector has to establish proactive systems to be able to protect both the business and its clients.

Internal security breaches are the toughest to secure. They can happen accidentally or intentionally by giving out sensitive data like business information and intellectual property data. Even in social media, which has become vital in business’ daily operations, is creating a problem in the work place. This is the reason why some companies have totally denied their employees with access of such.

Security threats are not limited to the private sector. Government institutions have also been rattled by these circumstances. Through a 2010 survey, 37 percent of IT commercial security Toronto managers believed that the next major issue that they will be tackling is data loss from internal threats, accidents and negligence and that nearly two-thirds have identified Facebook as one of the biggest threats to their company.

Rolling out new technologies around the system does not do the job. Dedicated teams are trying to look in deeper for possible threats to their work environment. Industry-specific malware, commercial and partner breaches, new executive appointments, potentially controversial company announcements, World news and events are some of the subjects that are being analyzed – and hopefully, be able to act or counter-act to protect their respective institutions and their clients.

Intelligence analysts are seeing an overwhelming scope of information that is available for them- an advantage given by the Internet. Through this, almost all readily available online information anytime, anywhere, in any language that they want are at risk of breach. Therefore, an analyst should be strategic about what to act upon because of limitations, especially when it comes with the budget.

Russell Pierce, CISSP of Regions Financial Corporation shared on a recent webinar, the practices by which organizations can utilize to fight off cyber security threats. According to Mr. Pierce, by applying real-time breach intelligence from an open portal, companies can enhance their defense against cyber information threats by:

  • Prioritizing threats by applying open source intelligence. 

  • Navigating their intelligence objectives to be intelligent decisions.

  • Strategically focus on threat intelligence capabilities, thereby saving time and money.

How the Internet has changed considerably with the threat scenario for different regions is not to be taken lightly. For instance, online and mobile banking have given the financial service industry another set of challenges, though other industries could also face parallel problems of increased digital communication.