The latest News and Information on Data Security including privacy, protection, and encryption.
Many organizations are already cashing in on the promise of big data, hailed as the world’s most valuable resource. However, this crude resource requires refining in the form of data hygiene. Data errors and inconsistencies cost companies millions of dollars a year. Businesses that aren’t able to implement the tools, strategies, and training required often find big data to be more of an obstacle than an advantage.
Ransomware and other cyber attacks are getting more expensive every year. IBM’s recent report found that the average cost of a breach increased 2.6% from $4.24 million in 2021 to $4.35 million in 2022 — and the year isn’t over yet. Too often, data breaches are the result of routine lapses.
More companies are switching from on-premises systems to public cloud services, ensuring long-term growth and digital resilience. But as their implementations grow, they begin to realize that their exposure to cyberattacks and other risks grows as well. Cybersecurity is an essential practice for successful businesses. Adapting to business growth is a good problem to have, but without an eye on cloud security, that growth could cost you in the long run.
Having a plan to back up your data is one of the most important processes to protect the data in the event of a cyber attack. Should a malware or ransomware attack occur, you can boot a saved backup and restore your data to its previous state. Some organizations might use cloud-based solutions like Google Drive or Dropbox, while others prefer to keep their backups on an external hard drive. However, to ensure total data security, your backup strategy should include multiple solutions.
Data theft is a major cybercrime whose growth has been fuelled by rapid digital advancements in recent years. It involves the illegal storage or exfiltration of data or financial information. This can include passwords, algorithms, software code, proprietary technologies, or other sensitive data. To help you better protect your organization against data theft, this article will discuss what data theft is, how it occurs, and how you can prevent it.