Data Safety for Business

Cyberattacks and data breaches can cause serious disruptions to business internally and externally. They can lead to loss of revenue due to unhappy customers as well as legal action taken by regulatory agencies and reputational harm. It’s important to keep it in mind that many of these risks can be avoided by taking the right security measures.

To protect their data, companies have to adhere to certain laws and regulations. They could be specific to a particular location, such as GDPR in the EU or industry-specific, such as HIPAA in the US but they must exist regardless of the size and nature of the company’s activities.

These rules and regulations comprise the encryption of sensitive data sent over public networks. They also guarantee the privacy of employees by conducting background checks or examining references on job applicants. They also only collect data that is essential to business processes. They also often require encryption on laptops or portable storage devices. They may also include rules that prohibit the use of software not endorsed by their organization as it increases the risk of data breaches and malware.

Moreover, companies must understand the entire lifecycle of data, and the way it moves through the network. This can be done with the help of a data map, which can show how data came to the organization where it is now and who has access to it. Data should only be collected for operational purposes and should not be stored longer than is needed. This minimizes the risk of data breaches. Zero Trust architecture is a method of tackling cybersecurity that could be beneficial for businesses, because it enforces the principle of never trusting any device or user until they are verified.

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