It goes without saying that data breaches are terrible, but the key is realizing just how catastrophic they can be. Projecting the cost of data breaches is undoubtedly difficult because the phrase “data breach” is used to refer to a wide range of situations in the IT industry.
Your system is more susceptible to the more users that have access to data. There are 2,000 vulnerabilities in software with many data saved if 2,000 users are checking in at once; one weak link can compromise the entire system. The vulnerabilities will be minimized by 99% if just 10-15 persons have access to the data.
Evaluation & Audit
There is no comprehensive data security plan that can guarantee lifelong defence against all threats. If you’re asking why, it’s because everything is undergoing change. Your business is growing, you’re processing different kinds of data, you’re upgrading your systems, and you’re adding new employees. ALSCO places emphasis on the idea that traditional best practises are quickly losing their usefulness.
Increasing your company’s overall security is another crucial step. Despite the complexity of the subject, it is feasible to be thorough in this essay. ALSCO advises using strategies that can significantly improve things, such as improved design, VPNs, firewalls, traffic monitoring and control, and even routine upgrades. In addition to this, it’s crucial to continue regularly monitoring your relationships with third parties because even a fleeting affiliation with an unreliable company can pose a serious risk to your safety.
Although it may sound like the most difficult thing to believe, most data breaches don’t happen because a determined hacker bullies their way past your best-built protections. Instead, over 88% of data breaches may be attributed to human mistake, frequently committed by inside teams. Your entire system may be hacked with only one successful phishing email or simple social engineering trick.
To read our blog on “T-Mobile will compensate consumers for data breaches with $350M,” click here