Protecting your customer data is one of your most important tasks as a company. When you store their private information, they expect you to keep it safe. If it gets out, your customers certainly won’t be happy. Even small businesses should protect their customer data as much as possible. Here are some of the top reasons you should be careful when handling sensitive information.
It’s The Law
Complying with the law is vital for any business. Australian businesses need to pay attention to Australian legislation such as the Privacy Act 1988, Privacy Regulation 2013 and Privacy Amendment (Notifiable Data Breaches) Act 2017. If you have any customers in the EU, you also need to follow the rules set out by the GDPR (General Data Privacy Regulation).
Your Reputation Is On The Line
Your business’s reputation is everything. You need your customers to trust you and to see you as a business that they can rely on. If you have a data breach and someone gains access to your customers’ data, it could be a disaster for your business reputation. Recovering from such an incident could be difficult, especially for a smaller business that might not be able to pay to repair their image.
Criminals From Around The World Can Steal From You
You never know who could be trying to get your important data. Hackers around the world could be spying on you or trying to steal from you for a variety of reasons. Focusing on cybersecurity and proper handling of data is essential.
Infographic Design By Norwich University
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