How to keep a Safe business transactions II

Holicent

VIP Contributor
The first step to ensuring a safe business to business transaction is to create an effective security policy. This policy should be clearly communicated to all employees, and it should include:

The types of information you collect from customers and vendors, where that information is stored, who has access to it, how long it will be stored for, who has access to the information after it has been accessed, and who will have access to your business’s network.

The types of transactions your business does with outside vendors (e.g., suppliers), and whether or not those transactions are conducted via email or other electronic means.

How you will respond if a customer or vendor suspects that its data has been compromised. This can include notifying law enforcement authorities, contacting the customer with instructions on how they can regain control of their data, providing them with copies of any relevant documents (e.g., invoices), and/or doing whatever necessary to restore the customers’ confidence in your company.
 
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