| Three Pillars of Data Security |
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| Written by Hillel Sackstein | |||
| Tuesday, 18 October 2011 15:14 | |||
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Among the many institutions affected by internet threats, accounting institutions are especially vulnerable to threats such as viruses, hacking and malware. Since theft is often the goal of these attacks, accounting institutions are particularly susceptible to legal action resulting from fraudulent bank activity directly related to malicious external exploits.
Considering the extreme sensitivity of the data that is being stored and processed day after day, it is especially critical for companies in the accounting sector to protect internal information systems, including electronic communication between and among staff and clients. The security of your confidential data is just as important; whether your company has 10 or 10,000 employees.
Three components that compile a sound data-security strategy are as follows: Protect Against Physical Breaches Protect Against Technological Breaches As with physical security, protecting your network starts at the edge: A network firewall is your first line of defense in blocking unauthorized access to your systems and data. Current firewalls provide URL and application filtering, intrusion prevention, anti-virus scanning and remote access via virtual private networks and SSL encryption. Many firewall solutions also enable secure wireless connectivity within your office. Moving inward from your firewall are several additional layers of security you should address. File and folder permissions should be diligently audited on all server resources. Your staff should have access only to documents and applications necessary to perform their jobs. Also, since e-mail has become the standard method of document delivery in the accounting industry, all e-mails (inbound or outbound) containing confidential or otherwise sensitive information should be encrypted. Additional security measures include Data Loss Prevention (DLP), voice system security, two-factor authentication, endpoint security, full-disk encryption, port protection and client anti-virus and anti-malware. All of these security measures are for naught if you suffer a server failure or other catastrophic loss of data. A well-executed backup plan is essential; and while there are several different approaches to disaster-recovery planning, most adhere to some permutation of the old 3-2-1 rule. In short: Keep three copies of any important file (primary and two backups); the file should be on two different media (e.g., DVD and external hard drive); and one backup copy should be stored offsite. Last, your security systems should be tested rigorously for any weaknesses or missing elements. This is usually done by a third party, and typically involves four tests: PCI scanning, internal/external vulnerability assessment, risk assessment and web- application penetration testing. Protect Against Communication Breaches Start with a basic documented security policy A first step might be a policy document governing appropriate usage of company assets: e.g., computer and e-mail usage, personal storage/laptop/phone usage, etc. This policy document can grow as your security policy expands. Give staff adequate training At a time when so much of your business is conducted online and so much of your critical data is stored electronically, your continued success is more dependent than ever on the success of your internet security plan. | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |