Businesses just like individuals are prone to attacks especially on their operational data. Both small and large companies should understand the ways and challenges that revolve around business security. Risks relating to data theft, mishandling or theft of physical asset should be reduced to ensure stability of company identify as well as efficient operations. Security especially for companies should be long-term, meaning that security measures should be implemented thought out the life of the company. The security strategies should begin with the physical arrangement followed by operating techniques or measures. Being alert at all times, proper lighting, use of alarm systems and firewalls on data are some of the measures that can enhance security in an organization.
Type of services used by different sizes, types of companies
While choosing the type of security measures to embrace and implement, it is essential to understand the possible threats as well as the cost of each method. For this reason, business should only embrace security measures that are likely improve security on the expected target area. Though there are multiple security enhancement techniques, implementing just a few measures can prove more effective and less costly especially for small business. However, there are a few measures that should apply to all business; some include physical enhancement security such as good lighting and good working equipments. But in regards to above the line security measures, size and type of company should be considered.
a) Individuals and small companies
Individuals and small companies will in most cases require similar security measures. This is because they do not need extra personnel to improve data security as well as like to engage in very expensive security measures. The most convenient form of security enhancement for this small enterprise is the use of forensic services. These services simply demand organized operations especially when there are complexities or urgency of issues. By using forensic services, individuals and small enterprises will easily attain solutions to any challenges faced as well as reduce the risk of those challenges. Embracing forensic services will call for proper investigative skills, intelligent as well as informed decisions.
b) corporate companies
Large organizations such as corporate companies will also require forensic services to enhance security of the data and property. However, due to the large amount of data that require proportion as well as existence of many stakeholders, additional security measures should be embraced. Some of these measures include; outsourcing and in-company services. Outsourcing calls for external assistance such as legal bodies, insurance firms and auditors to assist in streamlining the operations and quick recovery when a disaster occurs. In-company services also require the assistance of different persons but within the company. In most cases in-company services will focus of harmonizing the operations of the company as a whole thus improving and quickening decision making and improving disaster response (Krauthammer, 2013).
How much is needed in security budgeting
Security budgeting should be a continuous process for both small and large corporations. This will ensure that the risk level remains low at all times and also assist in reducing security related cost. When the process is continuous streamlining operations is made much easier. Therefore, when preparing security budgeting, it is essential to focus on both daily security operations as well as recovery process in case of an emergency.
a) Daily operations
Daily operations in security budgeting will require monitoring all the normal activities on a daily basis. This is require budgeting on physical security measures as good lighting, skilled personnel, firewalls and other security monitor that may be carried out frequently. Daily security expenses should be included while determining operational costs.
b) emergency costs
Though both small and large corporations require frequent security checks, emergencies can still occur. For instance the crash of a firewall, data loss and so on should be expected even when the daily security operations are well maintained. Due to this risk business and individuals should keep emergency funds of an amount relating to uncertainty level or relating to the most likely insecurity that that occur.
PWC network ( 2005) Retrieved from http://www.pwc.com/gx/en/forensic-accounting dispute consulting-services/index.jhtml
Krauthammer (2013). Organizational learning: Internal learning paths for a continuous learning organization Retrieved from http://www.krauthammer.com/organisational-learning
Braue D. (2013). Security budgets stagnant, excess must put money where their mouths are: Gather. Retrieved from http://www.cso.com.au/article/458903/security_budgets_stagnant_execs_must_put_money_where_their_mouths_gartner/