In a staffing agency, there is a great deal of information to keep track of from your labor force to your clients. Online vendor management services have likely eased the mess of information, and help you efficiently communicate with staff and employers. However, the information, which you store online, can leave your company open to a number of risks.
There is a significant amount of information that needs to be gathered and stored when running a staffing agency. You have likely collected social security numbers, addresses, phone numbers and personal work history on your labor force, and probably billing and contact data on a number of your business clients. You have been entrusted with this information, and individuals expect it to remain private. Most of this is likely stored in your online vendor management services.
Sadly, there are a number of online predators and hackers that are interested in gathering this data, and using it themselves or selling it to others. This can leave you liable to those affected if they experience identity theft or personal or financial harm, and the consequences could greatly impact the future of your company. Make sure that you have the appropriate insurance to cover you if your vendor management services are hacked.