Today, many companies are faced with the threat of data breaches. In fact, it’s more common to hear about breaches than not. Because of the sensitivity of personal data, businesses must take precautions to protect it from hackers. However, these steps may not always be enough. Users must understand their role in maintaining the security of company data. For example, payroll information should only be accessible by employees who are responsible for processing and reviewing payroll. The use of unsecure laptops undermines these security controls and may expose millions of consumers to identity theft.
Even if a business has taken the necessary steps to protect its own data, it might not be sufficient. A recent report indicates that 40% of small businesses suffer from data breaches. This is a major concern, given that these data breaches can cost companies millions. To avoid such costs, businesses should identify their exposure to security risks and implement a security solution to ensure the security of their sensitive data. Find out more about Cyber Security Insurance from a site like jmpcyberinsurance.co.uk/what-we-do/cyber-liability-insurance
Despite the benefits of data privacy and security solutions, businesses must take proactive steps to ensure that they are implementing the most advanced security systems. Using advanced data storage solutions and zero-trust network access can reduce the risk of data leakage. Ransomware is the most common threat vector in the world, and advanced storage technology can help prevent ransomware and recover data after an attack.
Regardless of how secure a company’s data is, a breach can be very costly. The costs of a data breach can put a company out of business, and many people use the same login name for multiple accounts. In such a case, hackers can access all these accounts if the password is weak.
In addition to leaking sensitive information, data security can fail to protect data from insiders. Disgruntled employees may decide to leak sensitive information. Furthermore, unsecure data protection may not prevent an external attack. In such a case, the company must determine what kind of damage will result and how to mitigate the risk. It is crucial to invest in a system that has the highest level of security possible.
As an employer, you should be able to protect your company’s data by using the right security measures. Using a secure data protection solution is essential for keeping sensitive information out of the hands of external parties.