No matter if it’s sensitive personal information such as financial data, personal information, or intellectual property, data security is crucial for any organization. A single data breach could harm a brand’s reputation and affect customer loyalty, and lead to lawsuits, fines from the regulatory authorities and cost of recovery.
To protect against the wide variety of threats, organizations should be focusing on best practices that include data classification as well as monitoring and auditing, and encrypting data as it goes back and between databases and employee devices. Authentication is also a must as it is one of the most critical methods to block access by unauthorized users. To ensure that it works properly, businesses should implement multifactor authentication. They can also consider solutions that use cryptographic methods and tokens or biometrics.
Another way to reduce the risk is to educate employees about the importance of observing security rules. For example, it’s important to educate employees on how to secure their laptops when they are away from work, and not click on links in unsolicited emails and to ensure passwords are unique and complicated.
A solid backup strategy for your data can help you minimize the impact of uncontrollable events like power outages or natural disasters that can destroy physical servers as well as the data stored on them. This can help mitigate the effects of uncontrollable events like power outages or natural disasters that can cause destruction to servers and the data they hold. This is especially important for organizations that are subject to compliance requirements such as HIPAA for healthcare organizations in the US or PCI for companies that process credit card payments. It can also reduce the risk of data breaches by offering an easy and speedy method to restore corrupt or lost data.