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Data security is important because certain businesses maintain
data containing exceptionally sensitive information that wo...
Information that’s used to develop accounting records,
such as stock ownership, profit distribution, profit-sharing…
… joint venture agreements or salary and wage information
must have strict security to prevent unauthorized access
from bo...
THE ROLE OF FINANCIAL MANAGERS
AS IT RELATES TO DATA SECURITY
SUBTITLE
With all the networking and file sharing, who is responsible for
securing critical financial data? Corporations often look...
Securing information on a Private Cloud platform has proven
to be more secure than using a public cloud platform.
The proprietary data used in accounting and financial
environments should be structured to prevent access
by unauthorized ...
In fact, some countries have reservations about utilizing
the services of corporations that use public cloud platforms.
Since other clients utilize the same data center, it also puts external
companies like suppliers, vendors, independent con...
Financial professionals must work closely with IT departments
to reduce data security risks.
To that end, they must also increase their awareness of how often
information changes on a public cloud platform along wit...
Where public cloud environments provide shared platforms,
generalized data security controls, uncertain locations of store...
With a private cloud platform model, financial professionals
are provided with:
 A private secured platform
 A private s...
 A platform that's conducive for highly
sensitive data
 A specific and clear data location
 A specific and clear access...
LIABILITY RISKS ASSOCIATED
WITH A BREACH IN DATA SECURITY
SUBTITLE
One of the greatest risks associated with having a breach in data
security (particularly data security related to corporat...
Their information could be used in ways that could harm both
the Corporation and the other victims. This could create majo...
Not only could corporations be sued by the victims, but more costs
would be required to rebuild a new security system, pro...
SOME LOGICAL STEPS TO MINIMIZE
CYBER ATTACKS
SUBTITLE
Financial professionals can work directly with the IT department
to develop a data security plan.
The plan should involve an internal, in-house cyber security system
with checks and balances to better safeguard your crit...
Additionally, creating an internal cyber security team will also
prove to be a means to better protect your data from many...
Seeking a new financial advisor
position? Speak with the experienced
financial advisor recruiters of
Willis Consulting Inc.
They can many top industry contacts and
can help you land the position you want.
See open positions at
http://www.willis-c...
Los Angeles Office:
Corporate Headquarters
719 Yarmouth Road, Suite 203
Palos Verdes Estates, CA 90274
310-373-7400 PST
Scottsdale Office
8970 E Raintree Drive
Suite #300
Scottsdale AZ 85260
New York Office
244 5th Avenue,
Suite 1855
New York NY 10001
212-726-2041 PST
Why Data Security is Important
Why Data Security is Important
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Why Data Security is Important

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Mortgage Originator Jimmy Vercellino, specializing in VA loans, helps veterans use their VA loan benefit to their greatest advantage. For more details call us at 480-351-5904 or visit our site http://www.valoansforvets.com/

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Why Data Security is Important

  1. 1. Data security is important because certain businesses maintain data containing exceptionally sensitive information that would create severe liability risks if compromised, particularly data that’s maintained for a financial environment.
  2. 2. Information that’s used to develop accounting records, such as stock ownership, profit distribution, profit-sharing…
  3. 3. … joint venture agreements or salary and wage information must have strict security to prevent unauthorized access from both third parties and internal staff members.
  4. 4. THE ROLE OF FINANCIAL MANAGERS AS IT RELATES TO DATA SECURITY SUBTITLE
  5. 5. With all the networking and file sharing, who is responsible for securing critical financial data? Corporations often look to a CFO or other financial management level employees to get involved with preventing a breach in their data security.
  6. 6. Securing information on a Private Cloud platform has proven to be more secure than using a public cloud platform.
  7. 7. The proprietary data used in accounting and financial environments should be structured to prevent access by unauthorized users in a manner that there is an appropriate segregation of financial information.
  8. 8. In fact, some countries have reservations about utilizing the services of corporations that use public cloud platforms.
  9. 9. Since other clients utilize the same data center, it also puts external companies like suppliers, vendors, independent contractors and joint venture partners at risk.
  10. 10. Financial professionals must work closely with IT departments to reduce data security risks.
  11. 11. To that end, they must also increase their awareness of how often information changes on a public cloud platform along with the probability of a breach in their data security taking place.
  12. 12. Where public cloud environments provide shared platforms, generalized data security controls, uncertain locations of stored data as well as unclear access management, a private cloud environment provides just the opposite.
  13. 13. With a private cloud platform model, financial professionals are provided with:  A private secured platform  A private secured infrastructure  Industry-specific security controls
  14. 14.  A platform that's conducive for highly sensitive data  A specific and clear data location  A specific and clear access control
  15. 15. LIABILITY RISKS ASSOCIATED WITH A BREACH IN DATA SECURITY SUBTITLE
  16. 16. One of the greatest risks associated with having a breach in data security (particularly data security related to corporations operating within the financial industry) is the exposure of other people's sensitive information.
  17. 17. Their information could be used in ways that could harm both the Corporation and the other victims. This could create major setbacks for all parties involved.
  18. 18. Not only could corporations be sued by the victims, but more costs would be required to rebuild a new security system, process legal proceedings and all additional costs associated with recovering from such losses, including damages to brand recognition.
  19. 19. SOME LOGICAL STEPS TO MINIMIZE CYBER ATTACKS SUBTITLE
  20. 20. Financial professionals can work directly with the IT department to develop a data security plan.
  21. 21. The plan should involve an internal, in-house cyber security system with checks and balances to better safeguard your critical and most sensitive information.
  22. 22. Additionally, creating an internal cyber security team will also prove to be a means to better protect your data from many forms of cyberattacks.
  23. 23. Seeking a new financial advisor position? Speak with the experienced financial advisor recruiters of Willis Consulting Inc.
  24. 24. They can many top industry contacts and can help you land the position you want. See open positions at http://www.willis-consulting.com/financial-advisor-jobs/
  25. 25. Los Angeles Office: Corporate Headquarters 719 Yarmouth Road, Suite 203 Palos Verdes Estates, CA 90274 310-373-7400 PST
  26. 26. Scottsdale Office 8970 E Raintree Drive Suite #300 Scottsdale AZ 85260
  27. 27. New York Office 244 5th Avenue, Suite 1855 New York NY 10001 212-726-2041 PST

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