The Most Important Question To Ask Any Company You’re Going To Work With

Finding the right third party for any service can be a long and tedious process – but once you think you’ve found the right one for you, don’t rush to sign any agreements! Make sure to ask the right questions — especially this one. So you’ve found a partner for a particular service that you want to work with. Are you sure they’re going to deliver everything you need? While it’s certainly frustrating to have to do some homework before you sign an agreement, it’s vital that you make sure all you will be secure with this new partner. Check out our latest video to find out the most important question you need to ask:

Will You Protect My Personal And Confidential Information?

There are two primary reasons why you need to verify the security of any business you plan to work with:

• The Threat Is Real: It’s estimated that the global cybercrime industry will cause up to $6 trillion in damages in just a few years. Today, the average phishing attack costs businesses $1.6 million, and the average ransomware payout is $116,000.
• You’re A Target: It doesn’t matter whether you’re a big target for cybercriminals like Capital One, or a small organization – 43% of all breaches involved small businesses in 2019. In fact, cybercriminals are starting to target end users instead of companies at this point — they’ll hack a third party, steal your data, and target you for a ransom instead of them.

The bottom line is that you can’t afford to assume that you’re safe from cybercrime — you need to know for sure, and you can’t do so just by investing in a firewall and forgetting about it. You need to make sure that any company you’re working with, that has access to any of your data, is doing their part to protect it.