By George Otte
Intangible though it may be, it’s impossible to overstate the value of intellectual property. For many technology-driven companies, intellectual property is the most valuable asset on the books.
Your company’s intellectual property faces a variety of evolving, multi-directional threats. So does the sensitive personal and financial data it collects on employees, clients, and third-parties.
It’s crucial to do everything you can to keep this information safe.
Here’s what you can do to increase your information and data security.
Only Collect Data You Absolutely Need
First, only collect data that you absolutely need for your essential business operations. It’s common for firms to collect sensitive data, such as Social Security numbers, when they don’t really need to do so.
Keep Financial and Personal Records Under Lock and Key
Keep your most sensitive financial and personal records, such as bank account data and Social Security numbers, in highly secure conditions.
“Limit the number of people who have access to these sensitive records, and place tight restrictions on their removal.” — George Otte
Be especially careful with electronic files and to put firewalls and security measures in place to keep information encrypted, safe and secured at all times.