Executive Summary
Data Security and Privacy are top of mind for many businesses,
and auto suppliers are no different. With continuing advances in
technology such as Cloud Computing and Big Data initiatives, this
area is only increasing in importance. In 2014, suppliers are wise
to spend time focusing on these issues and considering the
implications of their current policies and procedures. As the
amount of data companies collect, store, and use continues to grow,
careful examination of the issues outlined below as well as the
company's particular needs can mitigate risk in this area.
1. DATA SECURITY
Auto suppliers, not unlike other businesses, maintain highly
confidential and sensitive business information and personal data
electronically. Businesses are networked not only internally but to
outside companies through the Internet or other telecommunications
connectivity. As such, auto suppliers need to have robust
information security practices properly