And that's just the financial cost!
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Chances are, you would have heard about the TJX data breach in 2007 that exposed millions of customers’ personal and credit card data to hackers.
As a result, TJX Cos. Inc. will pay $9.75 million to 41 states for failing to protect customers’ financial information!
I'd imagine they regret not spending a comparatively small amount of money putting an ISO27001 ISMS in place!
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Under the multistate settlement filed in Suffolk Superior Court on the 23rd June 2009, the operator of the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright chains agreed to ensure that it’s safeguarding consumers’ data and addressing security system deficiencies that were in place when the breach occurred to the extent that it already hasn’t done so.
How do I avoid this happening to my company?
The international information security standard, ISO27001, is increasingly recognised as the de facto standard for legal compliance.
Buy Information Security Law: The Emerging Standard for Corporate Compliance and the No 4 Toolkit to ensure that you are safeguarding consumers' data by putting a security system in place that will help you organisation to minimize the treat of a data breach.
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No 4 Complete ISMS ISO 27001 Documentation Toolkit (Download US)
Creating an Information Security Management System for the first time can be a difficult and burdensome task. But when you use our IT Governance books and tools to help you set-up, you will receive unique guidance and support for your business or organization - plus, with this package, you save money!
"...a critical source when preparing and managing the ISMS"
Bill Pepper, Director of Security Risk Management CSC NR Royal Pavilion
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Why pay months of high consultant fees when, for less than $1,000, you can have everything you need?
Don't hesitate - buy it today!
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IT Governance specialises in governance, risk management, compliance and information security.