According to the Identity Theft Resource Center, reported data breaches increased by nearly 50% in 2008. According to ITRC reports, 97.6% of all breaches did not encrypt data or employ strong data protection procedures.
“The loss or theft of one computer or server can cost a company as much as $90,000 or more…”
Protecting your data should be a top priority for your association. According to the Identity Theft Resource Center, “The loss or theft of one computer or server can cost a company as much as $90,000 or more in fines, credit monitoring for victims, public relations damage control, and class action litigation.” By contrast, the cost of preventative measures is 4 times less than the cost of a security breach. (“The Cost of Data Breach” Ponemon Institute, LLC, 2007)
Your members trust you to protect their data. The negative press from a data security breach could be devastating, and possibly irreversible. Your members should have confidence that your association is using the highest industry standards to protect their information. A breach of that trust could cause a mass defection of members. According to Affinion Security Center, “65% of data security breach costs are the result of lost business.”
One security breach could expose your Y’s sensitive member data, including financial, medical, and personal information. In 2006, a YMCA lost a laptop containing unencrypted personal information of 65,000 members, including credit card information, Social Security numbers, and medical information of children in day care programs. To reduce your risk, you need to verify the encryption standards and data security procedures of your technology partner.
You can rest easy knowing your financial and member information is protected and secure with DAXKO. Back-ups, redundancy, upgrades, and the highest levels of security mean your data is safe with us.
Unlike server-based applications, DAXKO seamlessly manages 100% of your data in a securely managed, world-class data center. There are no servers or computers at your YMCA with sensitive information that could be compromised or stolen.
DAXKO treats credit card and EFT information very seriously. Financial data is transmitted to DAXKO Operations using 128-bit SSL encryption technology to ensure data cannot be intercepted or read. Once entered into DAXKO Operations, credit card and bank account numbers are never again displayed in full (e.g. XXXX XXXX 1234).
DAXKO’s software is designed to allow administrators very specific controls when determining which areas of the system users are allowed to access. Administrators can easily audit all transactions in real time.
Your members trust you to keep their data safe. With DAXKO you will.
Did you miss the most recent installment of the Elements of Success Series webcast on security? No problem, you can download John Giordano’s information security presentation and get the facts on putting together a security plan at your association.
