Backup and recovery is often cited in surveys as a top priority and concern among small to medium-sized businesses.
However, when questioned, very few SMBs have true business continuity plans in place or have even considered them.
What will they do when faced with an outage? What will they do in response to a real disaster?
Market research has shown time and time again that every company needs a business continuity strategy, especially given
the significant financial and business repercussions a disaster can have. According to research from the Gartner Group, the
average cost of a single incident of data loss can exceed $10,000.
Hardware manufacturers, software developers, and service providers each may have different security needs and requirements. Many of these organizations may have thousands of customers using their products or services, and need to ensure that the product and/or solution itself does not contain security vulnerabilities that could be exploited. Compliance needs to be followed when working with other regulated industries. Focus on internal security is needed to protect against data leakage or stealing of confidential data.
Non-compliance with security regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) and Health Information Technology for Economic and Clinical Health (HITECH), can result in exposure to security breaches; leading to unauthorized access, data and identity theft, and fraud. A transparent, reliable, and cost-effective information security process that aligns with central administration and security audits is therefore vital crucial in order to protect privacy and revenues, and thereby maintain trust in the healthcare industry.
The financial services industry has unique information security requirements. Often the target of strategic attacks, fund managers, banks, and others have to perform a higher level of due diligence to ensure the confidentiality, integrity, and availability of customer transactions. Regulatory Drivers include FFIEC / GLBA, PCI DSS, SOXX