As technology changes and online fraudulent activities around the world become more prevalent, what does that mean for your business data and employee privacy? Vistanet knows all too well how easily hacking or security breaches can happen, exposing confidential information and allowing sensitive data to fall in the wrong hands.
In certain industries, texting about confidential client information is, unfortunately, all too common. Recently, many Wall Street giants have been fined over $1 Billion dollars by the regulatory body at the Security and Exchanges Commission due to inadequate monitoring of employee phone activities. These employees were using their personal cell phones to talk about sensitive company information. The Securities and Exchange Commission is currently cracking down, not only on banking institutions but smaller firms and businesses as well.
Using our personal phones to communicate about confidential client affairs is a risk no business wants to take. The fact that business employees are regularly using private apps such as Whatsapp or other phone apps to chat about company matters is putting people’s livelihood at stake, so our government is now heavily policing these new policies in order to prevent fraud and theft on a wide scale basis.
THE TYPE OF BUSINESSES THAT ARE AT RISK FOR GOVERNMENT FINES
Small businesses with personal customer bank information
From business owners to employees, everyone should be aware of the consequences of texting on personal phones for company matters. Small businesses not providing the proper equipment or cyber security applications for employees are taking a chance where hackers see an opportunity.
HOW CAN VISTANET HELP PROVIDE INSURANCE TO SMALL BUSINESSES
Vistanet is Asheville’s leading local phone company providing phone equipment and applications for employees to use for business chatter whether it’s texting or calling. Our services include proper equipment and cyber security education for company employees, whether independent contractors or payroll employees. We go beyond the setup and installation.
If you’re uncertain about whether or not this applies to your company, contact us. It is our business to educate, inform and bring you up to speed on how you can be more secure online and on cell phones.