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The 2016 Clinton campaign is a prime example of what happens when data isn’t protected. Some people have blamed Russian hackers for leaking contents of Hillary Clinton’s private email server, but neither the United States Department of Defense nor the FBI has confirmed who’s responsible. What we do know is the leak could have been avoided. 

Anyone who stores valuable data is at risk of hacking. This includes law firms, health care providers and especially those in the finance industry. Protecting a company’s most sensitive asset is both morally and legally the responsibility of your financial firm. Here are a few options a finance executive can take to protect his or her company’s data. 

Train Your End Users 

End users are the culprits of most data breaches and phishing scams.  The IT Policy Compliance Group says 75% of all data loss and 64% of security breaches are caused by human error. Although most companies permit employees to participate in light web surfing throughout the day, this opens up opportunities for attacks. Oftentimes, online training and group training sessions can provide desktop level security practices that solve a lot of problems without the company having to spend a lot of money. Training end users on security also lowers the number of help desk requests. 

Train Your IT Staff 

If anyone needs training, it’s those who are on the front lines of your security. Training IT members on courses such as CompTIA Security+, CISSP, CISM, and CEH will give them the knowledge they need to get ahead of potential threats. And while training is relatively affordable compared to purchasing equipment, it does require IT members to spend time away from essential duties.  

The Best Option Is Cloud Carib 

Cloud Carib provides private, public, and hybrid cloud services to keep data protected and recoverable. Cloud Carib is headquartered in the Bahamas and operates in compliance with The Bahamas Data Protection Act, which sets a strict framework for privacy and protection.

Unlike U.S.-based providers, Cloud Carib protects data from government intrusion, making it an ideal solution for financial institutions. By providing a private international presence Cloud Carib delivers trusted cloud to the region. Make your hosted applications, such as Exchange, SharePoint and Skype for Business safe today

Protecting data is critical for finance executives. The methods mentioned above can help protect your financial institution from security breaches or system failures. Explore cloudcarib.com for more information. 

 

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