Cyber attacks and data breaches can cause significant disruptions to businesses, both internally and externally. They can cause loss of revenue from dissatisfied customers, legal action from regulatory agencies and reputational damage. It’s important to keep in mind that many of these risks are preventable with the right security measures.
In order to ensure the safety of its data, a business must adhere to certain laws and regulations. These laws and regulations could be specific to a specific location, such as GDPR in the EU or a particular industry, like HIPAA in America. But they must exist regardless of the size or scope of the company’s operations.
These regulations and rules include encryption of sensitive data transmitted over public networks. They also guarantee the privacy of employees by conducting background checks or examining references on job applicants. They also only collect information that is required for business processes. They may also require the use of encryption on laptops and portable storage. They may also include policies that prohibit the use of any software not approved by the company, as this increases the likelihood of malware and data breaches.
Furthermore, businesses must understand the full lifecycle of their data and how it is moved through the network. This can be accomplished with the help of the data map, which can reveal how data was delivered to the company and where it is currently located and who has access to it. It is also essential to only collect data that is required to fulfill the purpose of the business and not store it longer than is needed, as this reduces the risk of the possibility of a data breach. Zero Trust architecture could be an effective strategy for businesses to tackle cybersecurity because it imposes a principle that states that you shouldn’t be able to trust any device or user before they are verified.