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a strict operations procedure that forbids the sharing or saving locally of certain files.

defining a hierarchy of permissions based on job titles and functions.Putting procedures in place to limit the spread of your sensitive data outside your organisation is also important, especially if any device is lost or compromised. For example, how will you control and manage sensitive information across multiple devices? That includes your staff’s personal mobile devices or laptops. You also need to map out the flow of your business data. Having readily available documents and data is also a requirement in legal matters as well as ensuring you are complying with government and industry-specific regulations. Losing critical files can impact your business in terms of lost capital and with regards to reparations to those affected by your data loss. your hardware fails and crashes your system erasing all your emailsĬyber security scenarios are alarming to imagine from both a financial and reputational cost, but can be mitigated with due disaster control processes, secure data storage and regular backups.ĭata must be easily auditable.an employee goes rogue and tampers with your business files.your premises are broken into and all your computers stolen.accidentally deleting all your carrier partnership agreements because a laptop is infected with a virus.

losing all your customers’ personal financial data in a hack and discovering that debit card details have been misused.

Why Is Data Storage Important? Long term data storage is critical for business continuity. Plus, under the new GDPR you must be able to easily find and delete data that is out of date, such as old customer or employee personal information, as well as data that is unnecessary, for example if you hold two email addresses for a customer when one will suffice. Even confidential files you save on your private laptop or share with colleagues need to be fully encrypted, traceable and secure. It is also all your business and employee data, such as your contracts with carriers or service agreements with suppliers, Direct Debit mandates and staff payroll information. Unless you are still doing business with pen and paper, you’ll be collecting, processing, auditing and storing customers’ data either remotely online or locally, on a private computer or in-house server.Īll the information you collect, such as address, email and phone number as well as financial details including bank account and payment plans, products they’ve purchased and even customer services records needs to be securely managed and stored.īut it’s not just customer data you need to protect. Your Data Obligations as a Telecoms Provider We are living in the digital age.

why the safety of your data is imperative.your data obligations as a telecoms provider.This article includes a detailed list of 10 cloud hosting providers. If you’re in the early stages of setting up a telecoms company or are an established provider contemplating the transition to cloud-based software, there are a few points for you to consider. This new law comes into effect in May and means that no matter your size, data security should be top of your agenda.Ĭloud technology solutions are the safest, most efficient and affordable options for SMEs to safely store business and client data for the long term. If the startling cybercrime statistics above haven’t convinced you, then the new General Data Protection Regulation (GDPR) will. That’s 19,000 per day.Īnd with figures from the same report stating that an average cybercrime incident costs an SME victim nearly £3,000, that’s a whopping £57m that small businesses are potentially losing to inadequate data protection and storage every day.Īs a small telecoms provider, you might think a focus on data storage and protection only applies to larger organisations and that you are off the hook. A recent report from the Federation of Small Businesses (FSB) found that an eye-watering seven million cyber crimes are committed against smaller UK businesses each year as cyber criminals believe them to be softer targets.