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NicLyn > Services > Consulting & Advisory > Risk Management

Uncertainty isn't unlikely

Are your computers and networks mere tools, or something bigger? For more and more small companies, technology is becoming ingrained in every part of their business -- and for good reason: using technology effectively allows the independent professional to compete with even the largest corporations.

But this increased reliance on technology is accompanied by increased risks. Data security and integrity, customer privacy, and internal controls are keeping Chief Information Officers at major corporations busy around the clock. For the small business without a CIO and an in-house IT staff, NicLyn helps you to minimize these risks and prevent the nasty surprises that come with them.

Regulatory Compliance

Federal regulators in Canada, the United States, and other jurisdictions have taken the stance that businesses will no longer have the option of ignoring certain risks. Recent legislation mandates requirements for reporting, privacy, data management, internal controls and more. All of these issues interconnect with the computer systems and networks you use everyday. Therefore, compliance and risk mitigation is about more than just company policy -- you need practical, cost-effective methods in place as part of your technology strategy.

For example, the Personal Information Protection and Electronic Documents Act (PIPEDA) applies to most Canadian commercial activities since 2004. This document sets out standards which companies (public and private, large and small alike) must follow regarding data collection, retention, storage and security.

According to Industry Canada, if a company fails to protect personal information privacy, they face "significant risks, including damage to reputation, brand and business relationships, charges of deceptive business practices, legal liability and industry or regulatory sanctions, customer, employee and stockholder distrust, reduced revenue, market share and shareholder value, and customer refusal to provide personal information."

Our risk management consultants can help you protect your customers, protect your employees, and protect your hard-earned reputation. With years of experience minimizing risk through technology, we can help you develop a program that fits into your particular business. Contact us.