Digital transformation is transforming every aspect of the way organizations compete and operate today. This radical change is reshaping the way that enterprises produce, store, and manipulate an ever-increasing amount of data — emphasizing the need to ensure data governance.
Computing environments are also more sophisticated than they used to be, frequently encompassing the public cloud, the enterprise data center, and a variety of edge devices — including remote servers and Internet of Things (IoT) sensors. This complexity increases the attack surface, making it more difficult to monitor and secure.
A lack of data protection, global pandemic effects, and an increase in attack complexity have allowed for a significant rise in compromised and hacked data that is increasingly common in the workplace. In fact, an external attacker may breach the network perimeter of an organization and access local network resources 93% of the time.
It's a good thing, however, that the sensitivity of distinct data sets and the accompanying regulatory compliance requirements are taken into account by adequate data security.
During the pandemic, more customers also became remote customers as more workers became remote workers. As a result, keeping an online environment secure has increased in significance for companies.
When supply chain and labor concerns are already making business difficult, such interruptions can make things even more difficult. As a consequence, a cyberattack can harm a company's reputation with clients and business partners, result in lost revenue, and pose a risk of data loss.
In fact, according to the2022 data breach report from IBM and the Ponemon Institute, the average cost of a data breach has increased to a record high of $4.4 million.
This highlights the importance of protecting confidential information, which must be a significant responsibility for businesses and organizations.
A recent study indicated that most businesses have weak cybersecurity procedures, leaving them open to data loss. Although data security isn't the be-all, end-all of cybersecurity defenses — like perimeter and file security, to mention a couple — it is still one of several essential techniques for assessing dangers and lowering the risk involved in managing and storing data.
Fortunately, practical methods and strategies have been created to prevent poor data security practices. Here are four of the best data security practices you should know about.
Access controls are crucial to data security because they regulate who has access to and uses business data and resources. Access control rules ensure users have the proper access to corporate data and are who they say they are through authentication and authorization.
