Whether you believe it or not but if “Technology” serves as a boon, then sometimes it be a bane, It is a disruptive force that opens new revenue sources, enables new business models and shapes the landscape of the whole industries. It is not at all surprising those deliberations on the digital revolution have subjugated conversations amongst the C-suite, in the corporate meeting rooms, boardrooms, and even governments.
However, the biggest challenge in the digital revolution is ensuring privacy, security, and compliance. But, if you look closely, the high profile breaches helps in making it clear that no organization is safe and can face colossal financial losses, damage to market reputation and not to mention breach the customer satisfaction. Given it, the top priority for IT leaders and business legal advisors is to secure the business data and always monitor and manage the risk of cyber threats.
Today, cyber threats have become serious concerns. If recent statistics are to be believed, more than 60% of the corporates are compelled to suspend operations by cyber-attacks. They suffer such serious losses that they tend to cease all their operations right away. This happens largely because of the revenue lost due to the downtime and the harm caused to the company’s name and reputation.
A sigh of relief here is that these threats can be alleviated by some reliable cybersecurity systems or services. And, when cyber-attacks are considered, then time is of great importance. Hence, all the business should always protect themselves from such unfortunate incidents by installing systems that can detect threats and respond timely. There are a plethora of options available today that holds a great reputation in the cybersecurity business. And, if you are looking out for reliable services for Data Recovery in Singapore, then Hard Disk Data Recovery Singapore holds a great reputation.
What is Data Breach Prevention?
Breaching of data happens when some cybercriminals attack any system successfully that holds confidential or sensitive information. In such business cases, this can be some critical information, e.g., as customer or employee records. Such extraction of information can cause colossal monetary losses. However, if businesses employ standard security software such as intrusion detection systems or antivirus, then they can monitor sensitive files and defend against data breaching and transfers.
Phishing includes the usage of digital messages by cybercriminals to snip credit card details, user logins, and other confidential data. Over the past few years, data phishing cases are on the rise and yes, every business that deals through the web is under threat.
The safe point here is- more and more businesses are getting aware of the risks bore by suspicious emails and links, a hacker has raised the ante by promoting machine learning to spread malicious messages to target the businesses with fragile security systems.
Confidential data can be compromised by third parties, e.g., partners and contractors. Businesses should hire effective strategies to find partners and contractors to reduce the risks of security. Training employees, security systems installation and updating software to decrease the attacks of phishing.
Data breaches can be your worst nightmare; it results in financial damage, loss of customer reliability, and the after-effects can be felt for years. Ponemon’s latest report on Cost of a Data Breach says that one-third breaching of data costs more than a year after an incident.
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The first and foremost preference for defense against such data attacks and breaches should be a good cyber-security platform. And with that being said, selecting a security platform is not a piece of cake; the confusion is real with the number of solutions available in the market. Hundreds of good solutions are accessible, each offering different perks on data security.
So, when you are in a search find a good data security platform, you browse down the web or navigate the market to find the outstanding security platform for your business. Here is the list of factors that you should consider before finalizing any security platform.
1. Better Analytics:
There’s no denying the fact that if you have better analytics, then you can reap more benefits. Each organization in every industry benefits from good analytics. Well, risk will always be there and it is easy to point finger on the threat if you have raised the risk factor by not paying attention to the past incidents. So, for big-scale businesses, isn’t it a good idea to know the analytics of the data where you can see the risky situations, sensibly monitor situations, and take appropriate actions. To your surprise, good data analytics will not only keep you aware before the attack but also post-attack. So, with this, you have benefitted both ways.
2. Covers Your Biggest External Threats:
The major part of the threats comes from outside the organization. In 2018, it was reported that 37% of such incidents were definite external attacks from some outside source. And, all these external turns into phishing, hacking, and can enter the organization in many ways: stolen credentials, compromised web applications, Denial of Service, and sometimes as an email attachment. For instance- 93% of spam emails are the main carriage for ransomware. Thereby, whichever security platforms you employ that should monitor your threats and lets you know when your organization has been targeted by any malicious activities and threats. Even mobile phones are not spared from such threats, so if you have suffered data loss on iPhone then, look for iPhone Data Recovery without Backup.
3. Guards Against Internal Threats:
While it is clear that most of the threats harming an organization come from outside, it can sometimes be from inside the house. Egress after her Insider Data Breach Survey, reported that 95% of the businesses are tensed about an internal breach. Well, this doesn’t necessarily mean that there are bad employees in your organization—mostly; the internal threat is a mistaken deed (unapproved workaround, or misconfiguration of AWS) or wrong choices made by employees. Though an internal employee is involved with activities like theft or spying— to which Egress found out 61% of IT leaders were certain that employees do put a company’s confidential data at risk. Their reasons can vary for exposing you to the risk; you should always be one step ahead of everyone. Hence, a good cybersecurity platform should always be employed to alert you when an internal or external threat is putting you at risk.
The security of information can mean differently in a different industry. Each organization and industry from finance to healthcare — owns an exclusive set of standards, regulations and the best platforms for securing information security. Therefore, your cybersecurity platform should act like a warrior to assist achieve, maintain and prove their compliance even with the regulations and stay relevant to your industry and demographic. In case, you‘ve suffered data loss on your iPhone; iPhone Data Recovery is the easiest way to recover data.
5. Managing Risks Across Your Entire Ecosystem:
Third-party people — your vendors, partners, and contractors, they are critical risk source to your business. They often have the privilege to access your data and even networks, but you can’t always ask them to stick to the best practices or particular standards. Indeed, they are a significant source of risk and this fact was even more confirmed with Pokémon’s 2019 Cost of a Data Breach report that also stated that they are the source of risk. And shockingly, the breaching cost increases by more than $370,000 when third parties cause a breach. In 2019, Protoviti’s report on Vendor Risk Management Benchmark Study, only 4 out of 10 organizations has a full-fledged vendor risk management process.
Hence, the cybersecurity you are about to pick shall always have the feature to let you know about the risks and how to manage those risks, posed by all the third party people- your partner, vendor, and the contractors. It should empower your business by letting you monitor and manage all the risks no matter where it occurs, be it externally or internally or in the supply chains.
6. Threat Prevention, Detection, and Response:
Security Platforms are seriously useful when it comes to protecting any business, be it small or big, from the potential cyber threats. In 2018, a survey published in the CISO magazine stated that 31% Chief Information Security Officer (CISO) want 95% of the attacks. And, they should be able to track the threats that they can’t block. It should provide continuous alerts so that the security teams in any organization can track the threats down and take effective actions against them.
7. Continuous Monitoring:
It is never a safe option to rely on snapshots of the potential risk when it comes to cybersecurity. You and your vendors may indeed be compliant in the present time, but in the future, what if you are not a patch is not installed timely, or someone may misconfigure the server settings. A security system in the cyber world is a necessity. Hence, it should be providing continuous monitoring is essential to prevent you from the loopholes in your compliance and leave you vulnerable to the risk.