Until lately, few businesses have done much to protect and secure their company IP. In 2005, according to the FBI/CSI report, 59% of company says that there had been unauthorized use of information within the company's computer systems. Think of it this way, while this sort of infiltration probably has not happened to your business, next time you shake the hands of three potential clients, chances are that two of them have had this problem to deal with.
Assets can be stolen or "read" from companies in many ways from floppy ASP/PHP coding to outdated security software to just stealing hardware like discs or laptops Businesses are aware of the dangers to exposing information, but just haven’t done enough to secure themselves or their customers to date.
Small businesses aren't the only entities who have to stay on top of data risks. The government and large concern have been highlighted in the news for identity theft and computers breaches.
As awareness about access rights management issues has increased throughout the corporate world, problems have continued to persist, for example:
• Theft of proprietary information was the third most costly security breach after virus & denial of service attacks
• The most business-critical digital asset a company can have is sensitive financial information
• 40% of survey respondents are concerned with the security in place when sending corporate mails.
Compliance regulations are a cost of making business for many industries like medical, financial, software, government and legal industries stiff penalties exist for non-compliance or breach of industry best practices. Industries regulated by compliance laws like HIPAA, SOX and Gramm-Leach-Bliley have found running their businesses to match regulation standards can often be expensive. Government compliance issues for many industries become a financial burden forcing small neighborhood clinics, law firms and entrepreneurs to go under due the financial stress.
Compliance as it concerns digital data is catching up to the widening commercial section which is highly impacted by the success of small businesses. Small firms is agree with compliance issues can turn to SBRM solutions to bridge the gap between staying current with industry regulations and staying in business.