How to find a safe and secure service provider for your business

How to find a safe and secure service provider for your business

  Related: 4 Tips for Outsourcing in 2021 Ask for security certifications

Such high stakes should not discourage businesses from saving up to 30% of their budget by outsourcing. But they should make companies approach the selection process of their partners carefully.  In 2020 the average cost of a data breach was $3.86 million, a 10% rise over the last five years. American companies face the highest costs with an average of $8.19 million per breach, while in the UK, it’s closer to $3.9 million. 

How? Sticking to the following recommendations.  While presenting numerous advantages, partnering with a service provider has some concerns. The most important of which is data security. 

Related: Personalization and Privacy in a GDPR World   Other security certificates are more industry-specific but are also a sign of a high-security level. PCI DSS is a standard for the payment card industry. It’s one of the highest security certifications a provider can obtain for data security of payments information. The GDPR is important if you’re planning to do business in Europe. And HIPAA compliance is required in the US if you deal with health-related customer data. 

For example, ISO 27001, or its American counterpart NIST, is one of the most common standards defining information security management. They regulate both technical infrastructure requirements and the way a company runs its processes. This way, you can be sure that your customer data is safe, communication is confidential and staff are thoroughly vetted and properly trained.  It’s especially important for BPO providers. The standards require keeping records of all the processes and ensuring its compliance with data security protocols. This way, no information will be lost if personnel changes, and your business won’t be interrupted.  A certification is a validation of the company’s efforts to maintain good security hygiene. Depending on your business, you may require specific industry standards. However, even the general ones demonstrate that the business has security on its agenda.

The News Highlights

  • How to find a safe and secure service provider for your business
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
The new Sonos IKEA Symfonisk speaker is here

Sonos and IKEA’s Picture Frame speaker is official

It’s the continuation of a project Sonos and IKEA began several years ago, with the launch of the original SYMFONISK range in 2019. Back then, two devices ...
Libro Credit Union joins MX to empower the financial sector

Libro Credit Union joins MX to empower the financial sector

been central to everything we do, and teaming with MX has created new ways to do that,” said Stephen Bolton, CEO and Head Coach at Libro Credit Union. “As the ...
The iOS crossword puzzle game Black Ink is now available in public beta

The iOS crossword puzzle game Black Ink is now available in public beta

Red Sweater’s Black Ink crossword puzzle game for iOS has just entered public beta, and can be downloaded and played by anyone with an Apple TestFlight beta ...
Citi CFO Mason warns of mixed year for the bank, even with the recovery continues

Citi CFO Mason warns of mixed year for the bank, even with the recovery continues

Mason also said he expects to hear back over the next month from potential buyers for its consumer operations in the Asia and markets in Europe, the Middle ...
Platinum Equity to buy McGraw Hill for $4.5 billion

Platinum Equity to buy McGraw Hill for $4.5 billion

McGraw Hill Chief Executive Simon Allen and his senior leadership team will continue to lead the business under Platinum’s ownership. Since 2013, when New ...
DAVIDsTEA Reports First Quarter Fiscal 2021 Financial Results

DAVIDsTEA Reports First Quarter Fiscal 2021 Financial Results

Story continues “Our transformation journey continues as we post another quarter of positive Adjusted EBITDA with continued sales momentum in e-commerce and ...
Health Care Golf Classic set for July 12

Health Care Golf Classic set for July 12

For additional information, call Walker at 207-779-2750. To learn more, visit fchn.org/golf. To sign up online, click on the orange box entitled “Sign up now” ...
SOME RESTRICTIONS WERE TAKEN BUT HEALTH WORKERS SAY THAT PRECAUTIONS SHOULD STILL BE TAKEN IN SOME INSTANCES news

SOME RESTRICTIONS WERE TAKEN BUT HEALTH WORKERS SAY THAT PRECAUTIONS SHOULD STILL BE TAKEN IN SOME INSTANCES news

Fully vaccinated individuals do not need to quarantine. The quarantine period for household contacts does not change, as most transmission is occurring within ...
Rebecca Minkoff started a business with $10,000 and a taste for risk

Rebecca Minkoff started a business with $10,000 and a taste for risk

More from Invest in You:Almost half of Americans will take on debt in a post-pandemic splurgeStart-ups boomed during Covid. How some entrepreneurs found a ...
This $2,700 robot dog will carry a single bottle of water for you

SEC charges six with employers’ financial information

Source thehill.com The SEC also alleged that Bannon shared nonpublic information about his employer, Fortinet Inc., with Sood, who allegedly tipped off ...
Show next
Compsmag - Latest News from tech, business and health
Logo