Cybersecurity & Your Vendors

Data breaches and cybersecurity are a “hot topic” lately. You can be sure that your clients and customers are concerned with whether their private information is being safeguarded. As a result, it is imperative for businesses to take measures to protect the digital data that they collect or maintain.

The spotlight shifted to cybersecurity when the Target data breach occurred and hackers gained access to thousands of customers’ private information. The issue has only gained momentum as other digital breaches were revealed. The New York Timeshas reported that many businesses are requesting verification from their law firms and other professionals that security measures are being taken to protect confidential information.

If you own or operate a business, you should not only investigate your security measures, but also that of your vendors. Your company should not hesitate to ask a vendor to provide proof of its digital security measures. Having this information on file can assist with reducing your liability and holding the vendor accountable. It may also motivate your vendor into staying up-to-date on the protective measures it uses.

Below are a few areas you should address with your vendors:

  • Distribution. You should have an understanding of how the vendor disseminates private data. For example, confidential files should not be emailed to unsecure devices.
  • Networks. Inquire whether the vendor’s computers are linked to shared networks, which may make it vulnerable to hackers.
  • Access. Vendors should provide a list of all personnel who will be provided access to your confidential data.
  • Security. Ask your vendor to provide proof of cybersecurity and any measures that will be used to safeguard your business’s sensitive information.

If you are concerned with your business’s exposure, you may also want to consider purchasing additional insurance to cover data breaches.

If your business is facing a lawsuit involving allegations of inadequate digital security or data breaches, contact us for help.

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