Are Your Vendors Creating IT Exposure to Your Company?

As time goes on, hackers only get smarter. That’s why it’s critical to implement IT security to avoid online dangers. Make no mistake, hackers want your information and they don’t care if you are a big or small company. It’s so crucial to ensure that any third-party vendors you work with take IT security seriously!

At Capital Investigating, we definitely recognize the importance of IT security. We have achieved SOC 2 Type II status and proven that our case management system and business process and practices are designed to keep our clients’ data secure. In order to get certified, we had to be audited by an independent public accountant who determined we have the appropriate SOC, which stands for system and organization controls, safeguards, and procedures in place. SOC 2 Type II reports are actually the most comprehensive certification within the systems and organization controls protocol, which is why we choose this type of audit.

Why do we think IT security is so important? We know there are companies in the insurance industry that cut corners and do not protect their client’s data – Capital is NOT one of them. Keep reading to learn more about what it is and why it should be a priority for modern companies…

What is IT security?

Keeping data secure has always been a concern for companies. That used to mean locking your file cabinets. Now it’s much more complicated. IT security is all about keeping your data that is stored on computers, electronic devices, servers, and anywhere else online safe. Many confuse it with cybersecurity, but it’s actually a much broader field. IT security is more like a set of cybersecurity strategies that prevents unauthorized access to organizational assets.

The whole point of IT security is to block access to hackers and prevent malicious threats. Malware is one of the most common threats that IT security defends against. Ransomware, spyware, and viruses are all variations of malware.

Why should IT security be important to a company?

Computers and the cloud that connects them play a vital role in most businesses. If IT security software fails, the impact of that can spread across a company like a wildfire. If this failure leads to exposure of online threats, profits are likely to take a hit as employee productivity will be hindered and customers are more likely to have a negative experience that convinces them not to do business with you. According to a Cybersecurity Ventures report, the growing number of cybercrimes are estimated to cost enterprises $6 trillion annually by 2021.

This is a big reason why companies need the integrity of their networks to remain intact at all times. IT security helps accomplish this by ensuring that only authorized users can access and make changes to the sensitive information in said network. Of course, businesses in some industries will have far more confidential information stored in their network than others, but every business has at least some, even if it’s just internal data about employees. Security breaches, big and small, can and should be prevented. Plus, companies with effective IT security have practices in place for regaining control of a situation if an incident were to occur. Response plans in and off themselves are a valuable risk management tool that IT security teams provide.

Why should I care about the level of IT security that our third-party vendors employ?

When your company works with an outside vendor, you should make sure their IT security standards are at least as high if not higher than yours are internally. In one way, it’s understandable why some businesses might not go the extra mile to prove that your data is safe with them; audits can be quite expensive. However, when a company invests to make sure your information stays secure, you know you can trust them.

The importance of this issue increases depending on what type of business you are trying to conduct. For example, if you’re an insurance agency looking to work with an investigative company to get to the bottom of a questionable claim, all parties will be dealing with very sensitive data. This means that the quality of the investigative company’s IT security measures should be top-notch.

It is important to us that our clients know we are doing all we can in terms of IT security. Before choosing an investigative company, ask yourself, “Why work with someone that can increase the risk of our sensitive information being exposed?” Instead, rest easy knowing that Capital has your back and will keep your private info safe.