The number of victims of data breaches hacks and cyberattacks has increased in the recent past, with the classical examples of the US Federal Government, more than 5O million Uber customers, and close to 60 million of the South African citizens’ data was stolen. They all have a sad story to tell on the side of data breaches. Clark School study at the University of Maryland back in 2007 showed that there is a hacker attack every 39 seconds. A more recent study Comparitech found that hackers attack 70 times per day, with over 100,000 attacks in 24 hours.
Business agencies are no exception. As a matter of fact, hackers target business agencies more than any other individual. The reason for this being that business agencies involve a huge share of money and resources. Where there are money and resources, plenty of cyber attackers are also available. The only measure to take against the devastating impacts of data breaches is to invest heavily in information security.
Data is arguably the biggest asset to business agencies. It should be protected at all costs. It is in the best interest of a business agency to safeguard all data and information resources. There are a lot of reasons and benefits that come with doing this. This article explains why data security is a great issue of concern to business agencies.
1. Data Security Keeps Sensitive Data Out Of Reach By Intruders
We live in an era where it is easy for information to travel from a business agency’s servers to several personal gadgets that are not secure. Data files and information resources can easily move into the clouds and multiple applications. Intruders are always on the lookout for any loopholes that might exist during the transmission of information.
If they succeed in getting hold of the information in transit, they will probably use the information for the wrong reasons. Such incidences will have a bad effect on the business agency. This is why data security is essential.
As the technology rises across the stratosphere and a whole lot of hackers are keen to get loopholes to cause havoc, the need to protect the information from the reach of the intruders is one that cannot be gainsaid.
Proper security techniques should be put in place to protect all information in transit. One perfect way of doing this is by using an SSL certificate. An SSL certificate will encrypt all the information in transit so that, in case a hacker manages to get hold of it, he may not be able to decipher the true meaning of the information.
Cheapsslshop.com is the best place to buy SSL certificates at the cheapest prices. All types of SSL certificates are available with the best customer support. One perfect SSL certificate that you should consider to install your business website is the cheap SSL wildcard certificate that will secure the main domain and its associated subdomains.
2. Data Security Retains Data Integrity
The term data integrity refers to how consistent and accurate the data remains during its life cycle. From a layman’s point of view, compromised data is not part of data integrity. The reason is that compromised data poses a lot of risks to the business agency. It is of little or no use to the enterprise.
Data integrity is, therefore, a critical focus in a business agency’s security solutions. Data integrity ensures traceability to the origin and recoverability of data. It is thus a key priority to business agencies.
There are a number of factors that limit data integrity. Human error, especially malicious and intended, data alterations in the course of transfers, cyber threats such as hacks, malware, viruses and bugs and compromised physical gadgets are some of the biggest threats to data integrity.
The solution to these threats lies in data security. It is, in fact, the best measure that is employed to maintain data integrity. Business agencies ought to put in place data security measures in order to achieve data integrity.
3. Data Security Ensures For an Easy Access To Data Whenever It Is Needed
Data availability is crucial for the performance and the success of a business agency. Data that is easy to access enables a business agency to move quickly, focus on the main objectives, and quickly make data-informed decisions. Imagine a situation where a business agency loses mission-critical data.
The entire operations of the agency will be brought to a standstill, resulting in huge financial costs and even worse, damaging the reputation of the business agency. There are a number of factors that contribute to data inaccessibility or data unavailability. Host server failures, cyber attackers hacking into your physical storage devices, network crash that might be a result of a successful hack and altered or damaged data are all causes of data unavailability.
The right data security infrastructure will ensure that data is available when needed. Data redundancy which ensures that similar data files are stored as a backup on a secondary storage location as well as other Data Loss Prevention tools that mitigate against data breaches is key to ensuring the continuous availability of data.
4. Data Security Ensures That All Information Remain In Its Useful Form
As explained earlier, data in transit is at risk of being intercepted by intruders. The attackers can then alter the original data and deliver the altered version to the recipient. When this happens, there will be an issue of misinformation.
Imagine if the altered data was meant to be used in making important business agency decisions. It means that the kind of a decision that will be formed will be a misinformed one. It is hence critical that the information from the sender to the receiver travels in a secure channel that protects it from being intercepted and being altered. It is the work of data security to ensure that information is not altered in any manner.
You need to encrypt the information so that a hacker who successfully gets hold of it will not be in a position to understand the information to a point of altering its meaning.
5. It Saves The Business The Cost of Fines and Data Repairs
The impacts left behind by data hacks and breaches are so devastating. The business agency will have to incur several costs in order to repair the damages left behind by a successful data breach or hack.
To save on such costs, it is important for every business agency to put in place data security measures that will protect the business systems against data loss and security breaches.
6. Data Security Saves the Organisation From The Impacts of Reputational Damage
The consequences of a successful data breach infiltrate the entire business agency including the reputation of the agency. Business agencies affected by a data breach are usually cast aside by potential customers, potential shareholders, and investors. The point is that a successful security breach is not just a temporary glitch but a big mistake. It can never be taken lightly.
Consumers reduce their trust in the products or services offered by the business agency. This can lead to reduced profits. So as to maintain the reputation of the business agency, it is crucial that a perfect and functional data security infrastructure be put in place.
It will prevent the possible data breaches that can lead to damage to the reputation of the business agency.
7. Data Security Protects Business Agencies From The Effects Of Viruses
Virus attack is one of the most dangerous attacks on the information security of any business agency. They result in massive financial losses.
The number of channels for virus attacks has increased and business agencies need to be on the lookout. It is vital for business agencies to put in place necessary security measures to protect their data from viruses.
Installing anti-virus software can be ideal to protect the entire system against the entry of viruses.
To Sum Up
Business agencies can be faced with several data breaches which can have awful effects on the operation and the continuity of the agency. They need to put in place the necessary data security infrastructure that protects business against data breaches.