Data leakage of sensitive proprietary or consumer data can cause a downward spiral for firms. Despite how hard everyone tries to keep their data safe and secure, it appears that all it takes is one clever hack or one safety precaution to be ineffective for sensitive information to fall into vicious hands.
According to the 2021 Internet Crime Report by the FBI, data breach occurrences cost more than $6.9 billion in damages in 2021, making effective data security a top priority for all sectors across industries. Data protection is essential since it is one of the most valuable things a business can possess. However, it’s clear that companies struggle greatly when it comes to properly managing their data and identifying and resolving external risks.
Since the workforces have been scattered, more sensitive data is being produced than ever before, and this data is being accessed in several unsafe locations.
Here are some tips for enterprises in 2022 and beyond on how to prevent data leaks.
Internal awareness requirements
When educating employees about cybersecurity, organizations must adhere to industry-specific requirements. Regular coaching, role-playing exercises, the imposition of stringent certification requirements, and ongoing audits of employee activity on internal systems can all help achieve this.
It’s crucial that personnel have access to only the tools they need to do their jobs. Employee misuse or hacker use of critical corporate assets due to over privileged access is possible.
The Policy of Least Privilege (POLP)
If someone doesn’t already have access to the data, it’s hard for them to leak it. By using a rigorous policy like POLP that only grants access to what is necessary for them to perform their job, firms can reduce the amount of data that users have access to. This policy will help lessen the chance of data leaks by people who want to do business harm.
Securing and maintaining an eye on endpoints can assist stop data leakage from exit points throughout the IT architecture, where data can also depart networks. Maintaining control and being able to monitor mobile devices connected to business networks enables comprehensive network analysis. Without endpoint security, data breaches could not be discovered for a longer time, making businesses more vulnerable to insider attacks.
To prevent any data breaches from happening, it is vital to fight a continuous battle against data leakage that calls for constant vigilance. Companies shouldn’t let the leak grow into a busted pipe that releases a lot of data.
The appropriate user rights
If someone is fired, businesses should immediately stop allowing access. People shouldn’t be given access to data that they don’t require. It’s not about not believing them; instead, it’s about limiting the harm a single account compromise may do. Accidents also occur. Everyone is familiar with the private email that is distributed over the workplace network. Sensitive information can easily be transmitted to the wrong recipient when emails are auto-completed by modern computer systems.
Analyze the threat posed by other parties
Firms can still be exposed to significant risk from the possible insufficient IT security practices of their vendors and business partners even when they take all the essential procedures to protect their organization from potential data leaks.
Companies can set their own criteria for evaluating vendor risk or they can ensure that third parties follow legal requirements like HIPAA, PCI-DSS, or GDPR. Adhering to risk management requirements might be challenging if the third-party cloud service network is large.
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