Reputation risk is one of the high risk concerns among business executives globally, because reputation accounts for a significant portion of a company’s market value and affects its future viability.
Incidents that damage reputation, such as data breaches and lost or stolen records can result in greater financial loss than the original event.
The past couple years have brought major aspects of awareness to the table with emerging risks, either from data security or technological alterations. Meanwhile, regulators are forcing industries to take more responsibility for risk management.
Risk management is mostly about handling uncertainty.
Data-at-rest means data-at-RISK. Hence, IT managers must:
a) have a specific plan for their IT assets
b) must be aware of the root cause of adverse outcomes and
c) manage and prevent anything that might affect the organization’s reputation.
We can help. Contact us today to learn about our TAB solution and how we can help you improve your data security while mitigating your risk of a data breach.