Industry View

Business Closures and Information Loss: An Unforeseen Impact of the Economic Meltdown

As retailers shut down and liquidate their point of sale systems, guess what else they're selling?

By Todd Waskelis and Bindu Sundaresan, VeriSign

Conclusion

Hard times have fallen across many industries, and the early returns on 2009 give no indication of an imminent or immediate turnaround. Hopefully, these experiences and insights, gained through assisting customers with information security risks through difficult economic times, will help you maintain your security posture. If you are a company that is highly affected by the current economic conditions, keep a careful eye on your data. Securing your sensitive, business critical information becomes a key to survival in these tough times.

And here's hoping additional help comes in the form of regulators and industry standards organizations providing greater guidance in the form of standards, guidelines, and frameworks that take into perspective the risks to information security with reference to a closing business. ##

Todd Waskelis is Vice President, Global Security Consulting and Bindu Sundaresan is Security Consulting Manger, Global Security Consulting at VeriSign.

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