Cyber attacks and data breaches can cause major disruptions to the business, both internally as externally. They can cause the loss of revenue from unhappy customers, legal action by regulatory agencies, and reputational damage. However, it’s important remember that these threats are usually avoidable with the proper security measures that are in place.
To ensure the security of its data, businesses must abide by certain laws and regulations. These laws and regulations may be specific to a specific region, such as GDPR in the EU or to specific industries, such as HIPAA in the US. However, they must be in place no matter the size or scope of a company’s operations.
These rules and regulations include encryption of sensitive information sent via public networks. They also ensure the privacy of employees by conducting background screening or checking references on job applicants. They only collect information needed for business processes. They often also require the use of encryption on laptops or portable storage. They may also include an order that prohibits the use of any software that isn’t approved by their organization as it increases the chance of malware and data breaches.
In addition, companies need to be aware of the entire lifecycle of their data and how it flows across the network. Data maps can assist in this regard. It will show where the data is situated and who has access. It is also crucial to only collect data that is needed to be used for operations and not to keep it longer than necessary, as this reduces the risk of the possibility of a data breach. Zero Trust architecture is a way to tackle cybersecurity that can be beneficial for businesses since it enforces the concept of never trusting any device or user until they have been verified.