~ From off-the-track thoroughbred to sport horse ~
Data breaches and cyber attacks can cause significant disruptions to business internally and externally. They can cause the loss of revenue from unhappy customers, legal action from regulatory agencies and reputational damage. However, it’s important to remember that these threats are often preventable with the proper security measures in place.
In order to ensure the security of its data, a company must adhere to certain laws and regulations. These laws and regulations can be specific to a particular area, like GDPR in the EU or certain industries, like HIPAA in America. However, they must be in place regardless of the size or scope of the company’s operations.
These rules and regulations include encryption of sensitive data sent over public networks. They also ensure the privacy of employees via background checks or checking references on job applicants. They only collect data that is necessary to business processes. These rules and regulations often require encryption on devices like laptops and portable storage. They may even have a policy that forbids the use of software not approved by the company, as this increases the chance of malware and data breaches.
Additionally, companies must be aware of the whole lifecycle of data and the way it moves through the network. This can be done with the help of data maps that will show how data was brought to the organization as well as where it’s currently located and who has access to it. Data should be only collected to serve a purpose and should not be stored longer than is needed. This reduces the risk of data breach. Zero Trust architecture is a method of tackling cybersecurity that can be beneficial for businesses, since it enforces the concept of not relying on any device or user until they have been verified.