The business world needs back up, we are only too aware of this in light of the current economic down turn. Modern data cabling allows business and finance companies to network their data. But how secure is it?
There are some that think in the future the computer security industry will be dominated by insurance companies. That is to say, insurance will start to feature in how we choose to protect our information systems. The industry will influence decisions taken by business in how they safeguard data and with what brand of firewall, not necessarily because it is unsafe with a different brand, but because regulations will be in place that mean they will have to provide adequate security to meet insurance scheme requirements.
This may happen as every business will need to prove it has sufficient technology to secure its future, as they would against fire or theft. This in turn is partly because everything is now stored on computer and not based in ‘reality’. Thinking about insurance in general, there was a time when this was a personal experience, where a person’s circumstances were taken into consideration on a one to one basis, yet now it is determined by statistics and the trail you have left via computerised records.
This type of de-personalisation is an ongoing process which has organically and possibly ironically grown out of better access to shared information through better technology. The business world possibly needs to find a way to combat this before it loses touch with its customer base on a one to one level; in the case of banks this is especially true.