Security Policy
Count on us to keep your information secure.
When business owners apply with FastCapitalSource, we know that they’re trusting us with more than just their information — they’re trusting us with the security and safety of their business. That’s why we adhere to the following protocols to make the FastCapitalSource experience as safe as possible:
Our websites are encrypted.
We encrypt data in transit.
We monitor our systems to maintain their confidentiality, integrity and availability.
We train our personnel in cybersecurity awareness.
We restrict access to our systems and data to only those associates who need access to perform their job responsibilities.
Follow these tips to avoid scams and fraud.
Scams
Fraudsters will sometimes pretend to be online lenders or debt collectors in an effort to get your money. Keep these tips in mind:
Never pay in advance for the promise of a loan.
Never make payments over the phone unless the details of your original loan can be confirmed.
Never send money to anyone if you don’t recall taking a loan from them.
Do not provide personal information in response to an unsolicited or suspicious call or message.
Never give out personal information if you cannot identify the identity of the person contacting you.
End the call if any caller starts making threats.
Phishing
Social engineering attempts (also known as “phishing”) aim to steal user data and sensitive information. These are typically characterized by the following:
- Unexpected outreach. Someone “responds” to something you haven’t asked.
- Unwarranted sense of urgency. Someone is trying to get you to do something quickly, or to avoid dire consequences.
- It’s too good to be true. Someone is promising huge reward or payoff in exchange for immediate disclosure of information.
- Something’s “off.” Look for atypical grammar or spelling, such as a hyperlink being misspelled. Perhaps the email sender address is different than expected, or you’re being asked to share your password.
More security
Find more security tips from CISA.
The U.S. government’s Cybersecurity Infrastructure Security Agency (CISA) offers detailed advice and resources for small business owners.
Data minimization
In today’s digital age, data is an invaluable resource for businesses. It enables companies to develop more efficient processes, make better decisions, and deliver personalized experiences to customers. However, it’s important to remember that collecting data comes with responsibilities and ethical considerations. As a business owner, you must ensure that you’re only collecting the data necessary to deliver your product or service. This means that you should have a clear business reason for each piece of data you collect. In addition, you need to make sure you’re collecting data in a way that’s transparent and respectful of individuals’ privacy. By following these best practices, you can use data to improve your business while respecting the privacy and rights of your customers.
Data hygiene
Data management is an essential aspect of every organization. As businesses continue to harness the power of data to drive their productivity and profitability, it is critical to understand that not all data should be kept indefinitely. When data has served its purpose, and there is no longer any use for it in providing products or services, or when it has no legal or regulatory obligation to be retained, it is prudent to take measures to secure its deletion from the system.
Proper data management practices can help organizations avoid data breaches and associated corrupt practices, minimize legal and regulatory liability, and reduce storage costs associated with outmoded and outdated information. Hence, it is crucial to not only maintain but also ensure proper disposal of data deemed unnecessary or redundant. By doing so, organizations can not only create a secure and healthy data environment but also foster stakeholder trust that critical data is handled responsibly and professionally.
Data transparency
It is highly recommended for any business that collects customer data to draft and publish a detailed privacy policy. This not only provides transparency, but also helps to build trust and credibility with your customers. A privacy policy should specifically disclose what kind of data is collected, the purpose and reasoning behind collecting it, who the data is potentially shared with and how long it is retained. By doing so, it ensures that customers are fully aware of how their information is being used by the business. Furthermore, a well-written privacy policy can also assist your business in maintaining legal compliance, as many countries and jurisdictions require businesses to have a privacy policy in place. It’s important to note that not having a privacy policy in place can lead to potential legal implications, so it’s crucial to prioritize creating and publishing one for your business.