Security of a fantastic read data is vital for any company regardless of whether it’s for the protection of sensitive personal data, financial data, intellectual property or any other type of data. A single data breach could affect a brand’s reputation, affect customer loyalty and result in lawsuits, fines from the regulatory authorities, and cost of recovery.
To guard themselves against the many threats, companies should use the most effective practices, for example, data classification, auditing, monitoring and encryption. This takes place when data is transferred between devices and databases. Authentication, one of the most important technologies to block unauthorized access is also essential. To ensure that it functions correctly, companies should implement multifactor authentication. They can also consider options using cryptographic techniques and tokens or biometrics.
Another way to reduce the risk is to educate employees on the importance of following security rules. For example, it’s important to teach employees how to secure their laptops when they are away from work, and to not click on links in unsolicited emails and ensure that passwords are secure and unique.
Additionally, having a strong backup strategy for your data is crucial. This helps mitigate the impact of uncontrollable incidents, like power outages or natural disasters that could destroy physical servers as well as the data stored thereon. This is especially important for organizations who are subject to compliance standards like HIPAA in the US for healthcare companies or PCI in Canada for businesses processing credit card payments. It also helps reduce the consequences of a data security breach by providing a fast and easy way to restore previously lost or damaged information.