06 04 2014

06 04 2014

When It Comes To Cybersecurity, Businesses Can’t Rely On The Government

Cybersecurity has become a serious point of concern over the past few years, not only for individuals, but also for businesses around the world. While cybersecurity legislation has made its way into Capitol Hill discussions, not enough has been done to protect the privacy of companies or private citizens. As such, business and cybersecurity experts have emphasized that companies cannot rely on the government to protect their information from hackers.

A recent Forbes article pointed out the flaws present in current cybersecurity measures, recommending businesses take cybersecurity into their own hands in order to prevent expensive breaches. After attending the United States Cybercrime conference outside of Washington, D.C., Forbes contributor Marc Weber Tobias described his experiences and the state of cybersecurity across the U.S.

Companies need to take proactive measures to prevent data leaks

According to Tobias, cyberattacks can come from individuals, organized crime groups or nation states, affecting countless businesses each year. Additionally, cybercrime affects government branches and those in the private sector, targeting valuable financial and other information that can leave organizations vulnerable.

In order to combat these issues, companies must safeguard their private information proactively rather than defensively, protecting their companies and preventing breaches before they occur.

“There needs to be gathering and sharing of cyber threat intelligence, use of big data analytics and operational processes in place to take action,” Tobias said. “Entities need to continuously monitor and control access to networks. More agile security and risk management processes are required.”

Company decision makers need to make it a priority to gain access to business equipment that can help protect them from invading forces, focusing on processing and technology to prevent attacks. Businesses must also invest in personal development among staff, training employees to protect company information and to recognize the early signs that data has been compromised.

This is, of course, easier said than done. Not only do businesses need to focus on obtaining high tech devices to secure company information, they also must find a way to access business capital loans in order to finance these preventative measures. These upgrades do not come at a small price, making it difficult for entrepreneurs to effectively protect their businesses. Company leaders, therefore, should explore their equipment leasing options in order to reduce costs while maintaining a safe environment for sensitive company data. Leasing equipment, rather than buying upfront, can save a company money while allowing them to stay up to date with the latest in technology trends. To learn more about equipment leasing and other financial options, entrepreneurs should contact National Funding today.

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Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

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The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

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I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

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