Mortgage Originator Jimmy Vercellino, specializing in VA loans, helps veterans use their VA loan benefit to their greatest advantage. For more details call us at 480-351-5904 or visit our site http://www.valoansforvets.com/ The views expressed here are those of the individual author and do not necessarily represent those of First Choice Bank (NMLS #: 177877) and First Choice Loan Services Inc. (NMLS #: 210764), 7600 E. Doubletree Ranch Road, Scottsdale AZ 85258. Equal Housing Lender. www.fcloans.com/disclaimer/ www.fcbhomeloans.com/privacy 7600 E. Doubletree Ranch Road #200 Scottsdale, AZ 85258 Phone: (480) 351-5904 Email: jimmyv@fcbmtg.com http://www.valoansforvets.com http://google.com/+valoansforvets http://facebook.com/valoansforvets

3. Data security is important because certain businesses maintain
data containing exceptionally sensitive information that would
create severe liability risks if compromised, particularly data that’s
maintained for a financial environment.

4. Information that’s used to develop accounting records,
such as stock ownership, profit distribution, profit-sharing…

5. … joint venture agreements or salary and wage information
must have strict security to prevent unauthorized access
from both third parties and internal staff members.

6. THE ROLE OF FINANCIAL MANAGERS
AS IT RELATES TO DATA SECURITY
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7. With all the networking and file sharing, who is responsible for
securing critical financial data? Corporations often look to a CFO
or other financial management level employees to get involved
with preventing a breach in their data security.

8. Securing information on a Private Cloud platform has proven
to be more secure than using a public cloud platform.

9. The proprietary data used in accounting and financial
environments should be structured to prevent access
by unauthorized users in a manner that there is an appropriate
segregation of financial information.

10. In fact, some countries have reservations about utilizing
the services of corporations that use public cloud platforms.

11. Since other clients utilize the same data center, it also puts external
companies like suppliers, vendors, independent contractors and joint
venture partners at risk.

12. Financial professionals must work closely with IT departments
to reduce data security risks.

13. To that end, they must also increase their awareness of how often
information changes on a public cloud platform along with the
probability of a breach in their data security taking place.

14. Where public cloud environments provide shared platforms,
generalized data security controls, uncertain locations of stored data
as well as unclear access management, a private cloud environment
provides just the opposite.

15. With a private cloud platform model, financial professionals
are provided with:
 A private secured platform
 A private secured infrastructure
 Industry-specific security controls

16.  A platform that's conducive for highly
sensitive data
 A specific and clear data location
 A specific and clear access control

17. LIABILITY RISKS ASSOCIATED
WITH A BREACH IN DATA SECURITY
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18. One of the greatest risks associated with having a breach in data
security (particularly data security related to corporations operating
within the financial industry) is the exposure of other people's
sensitive information.

19. Their information could be used in ways that could harm both
the Corporation and the other victims. This could create major
setbacks for all parties involved.

20. Not only could corporations be sued by the victims, but more costs
would be required to rebuild a new security system, process legal
proceedings and all additional costs associated with recovering
from such losses, including damages to brand recognition.

21. SOME LOGICAL STEPS TO MINIMIZE
CYBER ATTACKS
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22. Financial professionals can work directly with the IT department
to develop a data security plan.

23. The plan should involve an internal, in-house cyber security system
with checks and balances to better safeguard your critical and
most sensitive information.

24. Additionally, creating an internal cyber security team will also
prove to be a means to better protect your data from many forms
of cyberattacks.

25. Seeking a new financial advisor
position? Speak with the experienced
financial advisor recruiters of
Willis Consulting Inc.

26. They can many top industry contacts and
can help you land the position you want.
See open positions at
http://www.willis-consulting.com/financial-advisor-jobs/

27. Los Angeles Office:
Corporate Headquarters
719 Yarmouth Road, Suite 203
Palos Verdes Estates, CA 90274
310-373-7400 PST

28. Scottsdale Office
8970 E Raintree Drive
Suite #300
Scottsdale AZ 85260

29. New York Office
244 5th Avenue,
Suite 1855
New York NY 10001
212-726-2041 PST