< < Back to Company Profiles page

Share | |

2013 Security & Risk Management: Protecting Your Assets

(page 3 of 3)

Providing expert security staff to businesses of all sizes.


David Keene, Chief Security Engineer

The list of pros and cons of cloud provided services versus locally hosted services are a mile long. Please allow me to share my top 4:

  1. Cloud providers need to demonstrate they can secure your data and have it available when needed.  While it is easier to test and control this when your data is local, you can find providers that have gone through a security industry standard certification (i.e. SSAE16, ISO 27001) and have the report ready for a security review.  It is also ideal to have an independent assessment performed BEFORE moving to a hosting provider, such as an Internal Security Controls Review.
  2. I highly recommend educating yourself with the cloud concept and what services you will be using (i.e. SaaS, PaaS, IaaS, NaaS). Are you going to host your custom software or are you going to use an off the shelf product?  Does the software provider also provide the physical hosting environment, or do they use someone like Amazon to host the software? There are many layers that need to be considered to ensure you have access to your data and the data remains secure.
  3. Understand the privacy policies of any hosted solution you choose.  Many free services such as Gmail and DropBox usually will state the data they host belongs to them.  Have an experienced security architect build you a plan to prevent possible data loss or theft.
  4. While most of your business may remain in the cloud, you still have to keep in mind how your remaining physical devices will be secured. Telecommuters and/or physical office buildings, mobile devices, email, VPN, web servers, and things that must be retained locally need to be reviewed and secured.

The debate over cloud security is an ever growing one, but it all comes down to one basic fact; if your business needs to grow into the cloud, the level of risk becomes more acceptable. It is responsible to have an experienced security engineer assist in planning, whether moving to the cloud or staying on the ground.

Waipio Gentry Business Park


Keeping Hawaii covered since 1911

First Insurance Company of Hawaii

Keith Taketa, Risk and Safety Management Technical Specialist

Local market expertise and attention to customer service has fueled more than a century of success at First Insurance Company of Hawaii (FICOH). “We’ve been in business since 1911 and are the oldest and largest insurance company headquartered in the state,” says Keith Taketa, a risk and safety management technical specialist for the company. “Our corporate clients count on us not only for their property and casualty insurance needs but also the value-added services we provide.”

One of those services is delivered by FICOH’s Risk and Safety Management department. A very experienced support crew and field staff converge to help business clients reduce safety vulnerabilities within their businesses. “Leaders know their businesses well, but they’re not necessarily knowledgeable about risk management. They turn to us to help mitigate and reduce their losses,” Taketa says. “A strong safety program translates into fewer accidents, injuries, claims, and even lawsuits for our clients. We feel successful when we’re able to help organizations avoid these situations and better manage their insurance costs.”

Taketa and his team are especially adept at identifying potential risk exposures and implementing policies, procedures, and corrections to help a business reduce its liabilities and risk. “Risk analysis and reduction is far more complex than people may realize,” he says. “Our clients are often stunned to realize that the height of a simple floor mat, for example, can drastically reduce slips and falls within their operation.”

What tips does Taketa offer for small business owners?

  1. Conduct an honest self-assessment of where risks and exposures are within your business and the potential consequences they could pose to your operation.
  2. Develop a plan to address risks and exposures. Use this opportunity to leverage your insurance provider’s expertise.
  3. Continue developing and advancing your safety policies so your plan doesn’t break down, causing your exposures to increase.
  4. Remember, consistency is key.

First Insurance Company of Hawaii offers commercial insurance to enterprises of all sizes. For Risk & Safety Management services, contact your independent agent or visit www.ficoh.com to find an agent.

First Insurance Company of Hawaii
1100 Ward Avenue
Honolulu, Hawaii 96814

Hawaii Business magazine invites you to comment on our articles and the issues they raise. Comments are moderated for offensive language, commercial messages and off-topic posts and may be deleted. Some comments may be chosen for inclusion in the magazine on the Feedback page.

Add your comment: