To address external security threats, big companies deploy and regularly update basic measures such as two-factor authentication, firewalls and antimalware solutions. Advanced protection against external threats Let’s look at the most successful ways to protect data in an organization and ensure corporate data security. Many of them need to protect other categories of data beyond customer information, such as intellectual property and financial data. However, their requirements are also more complex. Once inside, they can easily infect the entire network.īig companies are, in many cases, way ahead in the data protection game, having already built their security policies and tested them for the last few years. Identity theft or tricking employees into revealing credentials, or clicking an infected link or attachment is all cybercriminals need to gain access to a work laptop. Nowadays, it’s easier to use phishing and social engineering attacks to infiltrate a network and spread malware and ransomware. Hackers have also evolved the way they execute cyberattacks. The jump in cost was associated with increased regulatory fines but also the impact of remote work during the pandemic. The global average cost of a data breach reached $4.24 million in 2021, according to the Cost of a Data Breach Report 2021 released by IBM and the Ponemon Institute, a 10% increase from the previous year. Data protection legislation such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) regulate the collection, processing and storage of personally identifiable information (PII) such as names, addresses and phone numbers and grant several rights to data subjects. In many countries, it has become a legal obligation. Data protection has become an essential part of all business strategies, no matter the company’s size.
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