Even before the pandemic, many companies had a relaxed approach to the devices employees brought to work. In fact, many businesses had BYOD (bring your own device) policies that allowed team members to work on personal laptops or cell phones. By one account, 75% of employees use their personal cell phones for work. The rise of remote work has only escalated the use of tablets, laptops, and mobile phones for professional use.
Every year, business owners grapple with the same question: how can I keep my data safe? The cost of a data leak can quickly escalate to over $7 million per incident, not to mention the damage to a business’s brand reputation and competitive advantage. And, unfortunately, cyber attacks are getting more sophisticated every year. There are many solutions on the market to help businesses protect their information.
Lateral movement refers to the techniques that a cyber attacker uses. Once getting access to a corporate network, the attackers don’t stop there. They move around throughout the entire network, owning more computers and user accounts while exfiltrating data at the same time. They escalate their privileges to gain access to higher permissions and eventually access more confidential, critical and sensitive data.
In the context of hybrid work, the threat of data loss is rampant. Cybersecurity systems that were once designed to operate within the confines of a network perimeter have become obsolete, with employees using various devices, networks, and applications to get their work done. As such, it’s easier than ever for companies to be vulnerable to the loss of sensitive data. So, what’s the solution? Recently, Digital Guardian published The Definitive Guide to DLP: 2021 Hybrid Work Edition.
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.
Managing a small business can often feel like having 100 tabs open at once. Between handling client relations, organising taxes, and keeping up with day-to-day operations, cybersecurity (particularly data security) tends to fall along the wayside. Not because business owners don’t care, but because there is simply too much to care about. For small businesses, priorities often lie with directing their resources toward creating sustainable revenue streams.
New funds from WestBridge Capital, Next Play Capital, Bain Capital Ventures, and Venrock will be used for hiring, growth, and expanding product integration San Francisco, Calif. – Nightfall AI, the industry’s leading cloud data loss prevention platform, announced today it has closed $40M in Series B funding.
These are some of the opening words in the new survey published by ISMG and HelpSystems in the ‘Data Security Survey 2022’. The survey explores how COVID19 has permanently changed how CISOs approach Data Security. It is an important study because it recognises that in a world which is in a rush to return to ‘normal’ (whatever normal is now), change has come, and we need to respond to it.
