pci compliance: Don’t let the snore-bore of a name fool you: PCI compliance standards could be your company’s lifeline, packing a solid punch in fighting cybercrime, protecting data security. A set of requirements designed to ensure that ALL companies that “process, store or transmit credit card information” are ardently working to protect said data, PCI compliance is a must. Setting standards and covering tails, PCI compliance opens the door to insurance coverage for really important things, like, say, data breaches. Not only does PCI compliance aim to keep your clients safe and you in the clear, it also keeps hard-earned funds from being thrown away on legal fees, fines and penalties. But PCI compliance is more than “just good business”— it’s a way to show clients some love, proving that you value the trust they’ve placed in your company.
vicarious liability: Put simply, liability for employee actions comes down on employers’ shoulders—and it can do some damage. From independent agents to partners, contractors and staff, negligence and/or prosecution can come back to haunt responsible parties. Rulings can inflict a hefty financial burden, even go so far as threatening your very livelihood. How best to protect? Whether it’s through your general liability, professional liability or worker’s compensation policy, you’ll keep exposed risk at bay with just a bit of forethought, and a healthy dash of attention to detail.
silo:Ironically versatile, this jargon-y noun/verb/adjective hurts both sides of the IT/C-suite aisle. Like its agricultural namesake, a corporate ‘silo’ siphons data top-to-bottom, squashing lateral, inter-departmental teamwork. The enemy of a communicative, goal-oriented culture, a ‘silo mentality’ starves efficiency and collaboration, kills productivity. ‘Siloing’ is worse yet in a cyber security context: data held hostage, threat prevention undermined, defenses break down. The dangers are obvious, and business leaders are moving to steer clear. So let’s encourage progress—get those silos gone and let ideas flow free.
goldbricking: Just another cheap hat trick, goldbricking sure can sell the goods. A facade of the shiny stuff can fool a trusting audience and a distracted employer alike. Feigning productivity while auctioning items online, or catching up on the classics, employees maintain a semblance of quality and value, while stealing time. Too bad for the employer. Paying folks to enjoy personal time on company time? No amount of sugar-coating can change that bottom line. Paint it any way you like—when it comes to affecting your business, goldbricking is as subtle as a lead balloon.