In today's digital age, data is one of the most valuable assets that any business can have. From customer information to financial data and proprietary intellectual property, the sensitive data stored by businesses is often the lifeblood of their operations.
The potential damage that can result from a data breach is staggering. In addition to the financial cost of remediation and potential fines from regulatory bodies, businesses can also suffer significant reputational damage that can impact their ability to attract and retain customers. The fallout from a data breach can be far-reaching and long-lasting, making it essential for businesses to take proactive steps to protect their data.
One of the most critical steps that businesses can take to ensure the security of their data is to select a software vendor with appropriate security controls. A software vendor with strong security controls can help businesses protect their data from unauthorized access, theft, or other malicious activities that could damage their reputation and finances.
A true expense management partner understands the importance of data security and will continually invest heavily in developing a best-in-class security management program to protect customer data. The program should be built on a foundation of industry-standard certifications, including ISO27001 and SOC 2 Type 2, which demonstrate highest-level commitment to data security and compliance.
In addition to these certifications, a good vendor will regularly conduct comprehensive penetration testing to identify potential vulnerabilities and ensure that security controls are effective at keeping customer data secure. This proactive approach to security, continually reviewing and updating controls, keeps pace with evolving cyber threats and delivers best in class protection.