The Poneman Institute’s Cost of a Data Breach study reveals that the average consolidated costs of a single data breach $3.62 million. Each lost or stolen record with sensitive information averages around $141.
If your company were to experience a data breach, could you afford to stay in business?
Data security isn’t a term that should be loosely thrown about on the internet. It’s a serious matter, especially given that a single data breach can cost a company millions of dollars in damages.
As a construction company, your data is arguably your most important corporate asset, and by all means you should take care to protect it. In the wrong hands, wrongdoers can gain access to client and employee information, including bank accounts, credit cards, social security numbers, and other private details. Once accessed, thieves can either use this data for their own goals or sell the information to multiple sources that can create a network of financial destruction.
Worst of all, your reputation may be forever soured as a trustworthy company, forcing you to either undercut your prices or close your doors for good.
The effects of a data breach leave a wake of distress for past, current, and future clients, employees, contractors, and other stakeholders. Truthfully, it also doesn’t look good on your solutions provider.
That’s why Sage 100 Contractor is built on a Microsoft SQL server to give you safe, secure, cloud-based experience without losing functionality of your most valued features.
Using Microsoft SQL server means you get efficient transaction processing and reporting, giving you an easier way to consolidate your business data and integrate with other applications.
Contractors have a lot of data to manage day-to-day. Invoices, payrolls, estimates, reports, audits, work orders, and other project details can easily consume your work day, but you need this data to run your business smoothly and effectively.
Sage 100 Contractor gives you an easy way to store and manage your business information. You can easily retrieve what you’re looking for, share data with others, and scale your software’s functionality with your business.
But more importantly, you get the safety and security your data deserves.
If you have multiple employees on your team, you can restrict data access by user to keep critical information under wraps without sacrificing collaboration on key elements.
When you’re able to assure your clients that you’re consciously safeguarding their data, they may feel more confident about doing business with you. And that little bit of peace of mind can go a long way in helping you run a better business.
You may not think your construction company could become the target of a cyber attack. If you use internet-connected computers to store your information, you’re as susceptible as any other company.
Contact us today to learn more about how Sage software solutions can help you protect your clients – and your business – from the costly damages of data breaches.
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