Data breaches and cyber attacks can cause serious disruptions to business, both internally and externally. They can cause loss of revenue from dissatisfied customers, legal action by regulatory agencies, and reputational damage. However, it’s important to keep in mind that these threats can be avoided with appropriate security measures in place.
To ensure the security of their data, companies must adhere to certain laws and regulations. These might be location-specific like GDPR in the EU or industry-specific, such as HIPAA in the US but they must exist regardless of the size and nature of the company’s activities.
These rules and regulations often include things such as encryption of sensitive information that is transmitted via public networks, ensuring the security of employees through checking references or conducting background checks on job applicants and only collecting data that is essential to business processes. These rules and regulations usually require encryption on devices like laptops or portable storage devices. They might even have rules that prohibit the use of software not endorsed by their company as this increases the risk of malware and data breaches.
Furthermore, businesses must be aware of the complete lifecycle of data as well as the way it moves through the network. A data map can help in this regard. It will show the location where data is in its location and who has access. Data should be only collected to serve a purpose, and should not be kept longer than what is needed. This helps reduce the risk of data breaches. Zero Trust architecture is beneficial for companies to fight security, since it enforces a rule that says you should never believe in any device or person before they are verified.