Making staff aware of security procedures in place to protect data and enforcing them is a good form of businesses insurance for firms, an expert has suggested.
Fran Howarth, principal analyst at evolving technologies specialist Quocirca, claimed that it was important for companies of all sizes to make sure that there is a segregation of duties when it comes to data security in order to avoid a situation whereby one person has "the keys to the kingdom and can alter everything".
Those looking to take out commercial property insurance may be interested to hear of the representative's belief that encryption is the best way to protect data, but this can lead to problems down the line as information can easily be lost if organisations lose the ability to decrypt the information.
"The bugbear to encryption is key management - lose the keys, lose the info," the expert said.
According to Memex, good data management systems can help to protect against business insurance fraud.
