It doesn’t matter if it’s sensitive personal data such as financial data, personal information or intellectual property data security is essential for any business. A single data breach could damage a brand’s reputation, compromise the loyalty of customers and lead to legal action, fines, and cost of recovery.
To protect against the wide variety of threats, companies should adhere to best practices that include data classification as well as monitoring and auditing, and encrypting data when it travels back and back and forth between databases and employees’ devices. Authentication, one of the main technologies to block unauthorized access, is also essential. To ensure that it works correctly, companies should implement multifactor authentication. They can also consider solutions that use cryptographic methods, tokens or biometrics.
Another way to reduce the risk is to educate employees on the importance of adhering to security guidelines. It is essential to educate employees on how to secure laptops when they’re out of the office, not to click on links that are not in an emails, and to use unique and complex passwords.
A robust data backup strategy is vital. This helps to reduce the effects of uncontrollable events, like power outages, or natural disasters that can destroy physical servers as well as the data they store. This is particularly important for businesses that are subject to compliance requirements such as HIPAA in the US for healthcare organizations or PCI in Canada for companies processing credit card transactions. It also helps reduce the effects of a data security breach by providing a fast and simple method of restoring previously lost or corrupted data.