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Posted: August 11th, 2022
Compliance Systems and Emerging Technologies
Compliance Systems and Emerging Technologies
The security needs of small businesses and those of a larger corporation are not different. In fact, small businesses and larger companies generally share the same security needs, with the risk of data exposure being proportionate to the kind of work the business performs. For example, the considerations of HIPPA puts a huge onus on the security of patient data at a small health clinic in comparison to a big company involved with managing some form of less sensitive data (Anderson & Gilkeson, 2016). Therefore, at times, the company’s size does not matter like the desired degree of security for the data. Similar kinds of security risks affect businesses no matter their size. Larger corporations bring a bigger scale to the equation, but email phishing, mobile malware and hacking do not discriminate on the basis of the IT budget or number of employees. Actually, watering hole attacks take advantage of a security hole that is in a smaller business to possibly attack a bigger target.
In my opinion, I think that it is fair for governments to require private organizations to comply with regulations that will cost them money. Let us face it, the government will not always have adequate money to provide funds to companies so as to implement every regulation it creates. It should be noted that some regulations such as information security regulations are very important to the business itself; therefore, by implementing such regulations, the private organizations are the one that benefit the most (Swayze & Ford, 2018). How? They are able to minimize their risk of being attacked and losing their data and prevent the potential bad reputation that is associated with such attacks. In the long run, the companies save a lot of money that would have gone into fixing the damage caused by the attacks.
References
Anderson, A., & Gilkeson, T. (2016). Small business cyber security: Your customers can trust You…right? Advantage Media Group.
Swayze, S., & Ford, V. (2018). Innovative applications of knowledge discovery and information resources management. IGI Global.
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