Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

December 15, 2015

Safeguard Your Company Data – A Three Step Guide

By Achim Neumann

When it comes to data security, every company will have different needs to keep information out of the hands of rogue players. However, the logical framework that governs the creation of a data security strategy remains similar across all business sectors.

If a business is looking to safeguard company data, this three step process will help make a network stronger than it was yesterday…

encrypted-445155_640

1) Identify a nightmare scenario, and plan for it

No matter the business, there is information within servers that can be used to compromise it, or the lives of employees or customers. One must consider what the aftermath of a data breach would look like if it unfortunately, happens.

From enraged customers to the private communications of an executive team being posted on the Internet, a clear vision of what the worst could possibly be is critical so that a plan to repair the damagedone can be created.

2) Determine the chain of command when it comes to data security

Many businesses leave the task of security in the hands of IT, but without leadership from the management team above them, a cohesive plan to defend servers from external threats can be hard to achieve.

Working with those that manage a businesses’ networks on a daily basis, a chain of command and communication must be clearly laid out to ensure management is addressed and informed on important updates during a time of crisis.

Once these lines of communication are in place, figuring out whether current network defenses are adequate and what happens in the event of a hacker attack will become a more straightforward task.

3) Find out what risks exist, and address them ASAP

Once a data security team is in place, risks can be effectively identified so that they can be neutralized. While a current staff member may be capable of the work, it is a good idea to consider bringing in outside experts to evaluate systems and train other staff members.

A professional data security team will also be able to spot gaps in security that current in-house IT staff may have been oblivious to. Hiring trainers to further build network security skills with current IT employees will also build their skill set and allow them do their jobs more effectively in the future.
Once the aforementioned has been implemented, the next step is to isolate weaknesses in a given system, and then draft a policy statement that outlines expectations for all employees in this department with regards to data security.

All of the above information is very important for someone who plans to buy a business or sell a business as well. For someone looking to buy a business, it will give peace of mind that the previous owner took their business seriously and the sensitive information of both clients and employees. If an owner plans to sell a business, having a strong security network and up-to-date systems will most likely increase a business valuation as the aforementioned becomes an asset and something new owners won’t have to spend time investigating and implementing.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

Comments are closed.

Any questions? Please contact us at 732-872-6777
Call Now

Client Testimonials

“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Marc, who explained the process in detail. After meeting with Marc in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using to sell my business for max value. Working with Marc at A Neumann & Associates was very easy and professional. I did not know all that was going to be involved in selling my business but they helped me through the process. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. I highly recommend this firm to anybody who wants to sell now or down the road. Marc not only knows his stuff, but actually is a real nice guy.”

Double Diamond

“Used A Neumann & Associates to sale my business. could not imagine having done it with out the patience and experience Gary provided. Thanks Gary,”

Dennis Frazier

“Working with Marc and his company was a pleasure. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. Marc handled most of the interaction and he has one of the greatest demeanors. Again, it was a pleasure working with him and his firm.”

Douglas DiCeglio

“I recently completed an acquisition using A Neumann & Associates. Tony Valentino was very helpful and accessible during the entire process. They do a thorough job vetting both parties and got us to the finish line.”

Srini Mudambi

“Claus out of Florida helped us with the sale of our business. We had never done anything like this and him and his team walked us through the process from start to finish. We had some challenges through the process and Claus continued to show up even in the difficult conversations.”

Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs

“A Neumann & Associates is the only business broker I would use or consult with. They have assisted with 3 business sales over the past 15 years with me. They are honest and sincere and have always performed better than my expectations. They are the only one i would use for the sales of my businesses.”

James Belanger, Business Owner

“I wanted to take a second to commend the exemplary customer service from both you [Karin Neumann] and Mr. Valentino. It’s both a rarity in the industry, and very much appreciated.”

Andrew G., Investor

“We worked with Neumann & Associates to investigate the purchase of a research company in 2010 and found Achim to be capable, forthright and realistic. His depth of experience enabled us to fully understand our options, offering creative options that might enable the acquisition. While we didn’t acquire that particular company at that time, we know exactly who to call whenever we’re looking to buy or sell a business.”

Daniel Coates, Buyer

“Purchasing a business through this firm was a pleasure. Gary was very professional and transparent throughout the entire process. I look forward to working with A Neumann & Associates in the future.”

William Klemens, Buyer
view all testimonials

Contact A Neumann & Associates, LLC

If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please fill out our contact form, or call us at 732-872-6777. We will contact you directly and will never identify ourselves to your employees.

call us now
Contact Us for a Free, Confidential Consultation

Experienced M&A Advisors available

Full Name
Email Address
Phone Number
Message