Data Security for Your Business
We all know how important it is to protect our personal data, but do you have a plan in place to protect your client’s confidential, personal information?
As a fiduciary you have a responsibility to protect your client’s information, such as social security number, bank account information, credit card information, driver’s license, and even tax return information.
Think of the damage that can occur if your client’s information falls into the wrong hands. Therefore, it is important that you and your brokerage have a data security and privacy plan in place. Each state has its own definition of “personal information” so be sure to do your due diligence and check with your state’s laws.
The National Association of REALTORS® has created a Data Security & Privacy Toolkit provides you with tips and tools to help you and your business safeguard personal data, information on state laws, and even sample policies. Be proactive instead of reactive, create your own data security & privacy plan for your business.