Sloppy Security Costs Vendors

By Pete Miller, CPA, CFE

Want to do business with a large tech firm like Google Inc., Facebook Inc. or Microsoft Corp.? Then it’s a must to have strong security and privacy systems. With the advent of  the European Union’s General Data Protection Regulation (GDPR) – the world’s toughest security and privacy standard – and California’s sweeping Consumer Privacy Act of 2018, rigorous security protocols are the new normal.

Large tech players won’t risk that one of their suppliers or vendors could be hacked, thereby exposing customers’ personal information. The potential public relations and legal nightmares could prove catastrophic. In the past, only large vendors and partners had to worry about adhering to such strict privacy and security requirements. Continue reading.

Originally published in the April 2019 issue of Seattle Business magazine.  Reprinted with permission.

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