The ink was barely dry on our in depth article http://www.tfblog.tenantfile.com/2013/10/think-again-before-putting-confidential-data-in-the-cloud/ on the security of your data before another MAJOR breach happened. (Actually, we type on a screen but if we were using ink, it would still be wet!). The latest is Target, with TENS OF MILLIONS losing their valuable personal and financial information.
Just to name a few besides Target, this year thieves have stolen identities, personal records, passwords, financial information, credit card number, and more from the likes of Gmail, Twitter, Living Social, Barnes and Noble, TJ Max, Marshall’s, Adobe and many, many other companies. How safe do you really think your online data is?
What is your property management company responsible for? Dos your software keep the personal information of your owners including names, addresses, phone numbers, email, social security numbers, employers, and more? How about bank account numbers, routing numbers, and passwords? What do you think would happen if all of that private information was exposed to an identity theft ring? Would your cloud-based software company be held responsible, or would you?
And that is just the owners: what about your own company information and your tenant information? A security breach could literally put you out of business overnight. It could take months or even years for the mess to get resolved and there could be legal ramifications as well.
Additionally, if your ‘cloud-based’ software experienced a major data breach, it could easily shut down the whole process to stop the hemorrhaging. Even if your own data wasn’t compromised, your entire business would be shut down without access to your records. What if they never recovered and went out of business – with your owner, your tenant, and your own data and financial records?
We are hearing daily from customers that are refusing to put their valuable data online, and we share their concerns. Please be aware of what if going on, and make sure ‘at least’ that you use passwords that are not easy to guess, although in our opinion that is a false security – everything can be stolen by savvy crooks. Well, here’s to the next major news story about another security breach. I hope it isn’t you, but at least if you use the Tenant File you have control of your own data!