With the continued trend towards outsourcing of various business and manufacturing processes, organizations will be more strident in checking the data security standard of their business partners.
Prediction 4: Companies will be asked about data security standards in RFPs
Companies looking to partner with third-party vendors (contractors, vendors, outsourcers, lawyers, consultants, etc.) will ask what security protocols the partner has in place with greater frequency prior to signing on the dotted line. It will not be sufficient to protect the servers and network; companies will be asking third-party vendors to ensure their specific files are controlled and that they are able to delete/revoke access to the files when the relationship ends. As well, the companies will require the third-party to prove control over files through regular audit reports.
As such, data security will become a competitive advantage for outsourcers, virtual data room providers, and suppliers of services in an increasing number of deals.
Vishal comes with more than a decade of experience in sales, marketing and business management. He is the Founder and CEO of Seclore and handles corporate development, investor relations and strategic vision.
Vishal is an IIT Bombay (Electrical Engineering) graduate and a specialist in biometric security systems. His ideation in fingerprint imaging led to the development of the core technology behind Herald Logic, a company he founded in 2000. The company showed record 220% CAGR, spreading to Singapore, Australia and UK.
Vishal is also an active participant in physics activities with the IAPT (Indian Association of Physics Teachers) and NSEP (National Standard Examination in Physics), he is amongst the top 1% in the country in physics.
He is an active sports person, a keen blogger on information security solutions and an intrepid speaker at various information security forum.
