Offshoring Risks and How to Avoid Them
Offshoring is an unsurpassed way to delegate some of the non- core function of the organization.
The functions are generally outsourced to an outside organization which is known for providing the best services in the market.
Offshoring is cited to be the cost- effective means to get your work done from a professional while sitting in any corner of the world.
The difference between failure and success is doing a thing nearly right and doing it exactly right.
- Edward Simmons.
Offshoring sounds to be lucrative but it comes with a lot of risks and concerns.
Here are some of the downfalls attached to offshoring: Confidential Data exposure At the time of outsourcing your important work assignments outside the country, some major issues which might strike your mind are the security and risk of losing you private data.
Hence, to safeguard your reports you have to " Review the type of work you would be sending to offshore " You must not send the data which includes company's sensitive facts and figures.
" You should better avoid giving internal access to the outside vendor " Provide information on a need-to-know basis " Involve security professionals to monitor the activities of the offshore vendors " You can also get a software designed to keep a check on such activities Background checks Vendor's past records and experiences are also essential while offshoring your work.
To protect your data, it is also necessary to review vendor's credibility or credentials in the marketplace.
A background check which can be past work assignment with some company for that matter can also be beneficial in interest with your company's security.
Follow Rules Nowadays, many countries follow their own information disclosure laws while outsourcing to outside vendors.
They are becoming so concerned while sharing their data and information that they are applying regulations to shield their important data.
Taking precautionary steps such as encrypting information, data scrubbing, using customer identification numbers instead of Social Security numbers and the like will help you deal with such type of issues.
A little extra effort to be taken initially to reduce your risk related to data exposure, but may also protect your company from new government restrictions as well.
I request you to give your feedback and suggestion on the risks involved in offshoring and what are the possible safe solutions to overcome them.
The functions are generally outsourced to an outside organization which is known for providing the best services in the market.
Offshoring is cited to be the cost- effective means to get your work done from a professional while sitting in any corner of the world.
The difference between failure and success is doing a thing nearly right and doing it exactly right.
- Edward Simmons.
Offshoring sounds to be lucrative but it comes with a lot of risks and concerns.
Here are some of the downfalls attached to offshoring: Confidential Data exposure At the time of outsourcing your important work assignments outside the country, some major issues which might strike your mind are the security and risk of losing you private data.
Hence, to safeguard your reports you have to " Review the type of work you would be sending to offshore " You must not send the data which includes company's sensitive facts and figures.
" You should better avoid giving internal access to the outside vendor " Provide information on a need-to-know basis " Involve security professionals to monitor the activities of the offshore vendors " You can also get a software designed to keep a check on such activities Background checks Vendor's past records and experiences are also essential while offshoring your work.
To protect your data, it is also necessary to review vendor's credibility or credentials in the marketplace.
A background check which can be past work assignment with some company for that matter can also be beneficial in interest with your company's security.
Follow Rules Nowadays, many countries follow their own information disclosure laws while outsourcing to outside vendors.
They are becoming so concerned while sharing their data and information that they are applying regulations to shield their important data.
Taking precautionary steps such as encrypting information, data scrubbing, using customer identification numbers instead of Social Security numbers and the like will help you deal with such type of issues.
A little extra effort to be taken initially to reduce your risk related to data exposure, but may also protect your company from new government restrictions as well.
I request you to give your feedback and suggestion on the risks involved in offshoring and what are the possible safe solutions to overcome them.
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