Enterprise data privacy is becoming critical as enterprises increasingly adopt a hybrid workforce model. Non-malicious employee errors are responsible for a vast majority of enterprise data breaches. They are the result of errors that could have been prevented if employees had been adequately educated on data privacy. And it’s not simply data breaches that companies should try to avoid.
Allowing employees to work remotely has become a necessity for most businesses. According to recent report from Upwork, 70% of the workforce will be remote by 2025, thus advanced technologies like cloud networks will be important. While the pandemic has demonstrated how resilient technology can be, businesses should also consider how to protect it.
Criminals use data to target the personal and financial health of individuals and organizations alike, and this data has the potential to be weaponized. Organizations need to treat personal data with extreme caution, as data privacy is increasingly being referred to as the “new corporate social responsibility” and data as the “new oil.”
Businesses can consider the following ways to improve their data privacy:
Make a list
If data is the new oil, then businesses, like any good refinery, need inventories. If the organizations don’t realize they possess something, they can’t safeguard it. Businesses need to ensure that they have the capabilities to provide ongoing visibility into their security posture, especially in this new era, to better manage inventories.
Recognize the Risk
Many people are making changes to make their work and personal life easier in the post-pandemic world. Now is the moment for enterprises to take a step back, assess the situation, and decide on their next course of action.
Architectural assessments and penetration testing were useful for enterprises to determine their current risk postures in the early days of the pandemic, given the urgency to adapt. However, now that those interim modifications are likely to become permanent, most businesses have limited visibility into what changed, how things are linked, and how to proceed.
Fully understanding an organization’s risk posture not only helps in the identification of new vulnerabilities but also provides opportunities for entire security redesigns and other more disruptive changes that organizations may have put off owing to change fatigue.
According to 2020 research by Gartner, by 2023, 65% of the world’s population will be covered by modern privacy standards, up from 10%.
Personal information is gathered, sold, and exploited across the world with little reprisals. Businesses can get ahead of future regulations or at the very least manage their own data securely and minimize potential breaches by establishing policies around how to handle data.
Create a culture that is risk-aware
Security and privacy have begun to merge. It’s critical that the subject matter specialists understand how to safeguard data in both scenarios. Also, businesses need to pay attention to their end-users. Because so many people will be working out of the workplace this year, training should focus on remote security. Previously, organizations had supervision and governance over the technologies and solutions employees used in the traditional office environment, and could provide protections on-premises. This new era of training should include how to protect personal assets that are now connected to the same network as business assets.
Implement security hygiene tools to ensure consistency
Any solid security roadmap should include technologies that allow the organization to improve on a constant basis. Encrypting data at rest and in transit, for example, is crucial. Companies should consider using solutions to help them integrate governance into the cloud ecosystem.
Regardless of the company’s security maturity level, securing its identity is one of the most essential expenditures it can make. If a company has previously invested in identity protection, it should concentrate on endpoint visibility, management, and security. Moreover, businesses should consider upping the bar on data protection if the company is further advanced in its digital transformation journey.
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