Data breaches and cyber attacks can cause significant disruptions in business, both internally as well as externally. They can cause loss of revenue from unhappy customers, legal action by regulatory agencies and reputational damage. It is important to keep in mind that many of these threats can be avoided by taking the right security measures.
In order to protect its data, a business must adhere to certain laws and regulations. These laws and regulations may be specific to a specific location, such as GDPR in the EU or to a particular industry, like HIPAA in America. But they must exist no matter the size or extent of the company’s operations.
These rules and regulations comprise, for example, encrypting sensitive data sent over public networks. They also ensure the privacy of employees by conducting background checks or checking references on job applicants. And they only collect data needed for business processes. These rules and regulations usually require encryption on devices like laptops and portable storage. They may even have an policy that prohibits the use of programs that are not approved by the company, since this increases the likelihood of malware and data breaches.
Additionally, companies must be aware of the entire lifecycle of data, and the way it moves through the network. This can be done by using data maps that can show how data came to the company, where it currently lives and who has access to it. Data should only be collected for the purpose of operational use, and should not be kept longer than is needed. This helps reduce the risk of data security breaches. Zero Trust architecture can be beneficial for businesses to tackle security, since it enforces a premise that says you should never trust any device or user before they are verified.