Although the Internet era has increased the level of information technology in corporate offices, data leakage and privacy incidents are becoming more common. Globally, cyber threat time has increased in recent years, and in addition to cyber extortion attacks, internal enterprise issues are also to blame for the proliferation of data security incidents. At the same time, data security is expensive, with the average total cost of a data breach being nearly $4 million, according to IBM’s annual Cost of Data Breach report.
The digital economy is booming, and data is a key component. Data is increasingly regarded as a valuable asset by businesses. At the same time, the data security issues that come with it are becoming more prevalent. So, what data security issues do businesses face? And how do they deal with data security threats, and what precautions and solutions do they employ?
Data security issues encountered during business operations
People frequently associate data breaches with hacking, but there is no necessary link between the two. Many data breaches are the result of accidents, such as carelessness. The root cause of their most recent security incident, according to 40% of senior executives and small business owners, was negligence and unexpected losses. Employees, for example, accidentally sent internal documents to the public, and so on.
Intentional disclosure by employees
Employees who leaked data have two options. The first is that the enterprise’s internal staff jumped with important documents. According to relevant information, in China’s trade secrets criminal cases, 60 percent and personnel jumped, and in civil cases of trade secret infringement, 90 percent and the flow of personnel-related. The second type of commercial spy spends a long time in the enterprise, using their authority to obtain company data secrets.
Hackers frequently target valuable objects. There are also cybercrime groups that specialize in targeting financial institutions’ access rights to gain access to financial data or their PoS infrastructure. Hacking groups make a fortune by selling data or extorting ransom payments from victims.
Digital communication environment
Digital communications are ubiquitous, as are their dangerous flaws. Personal accounts are used by a large number of employees to send sensitive information. Email, as we all know, holds the highest position in corporate communications and is the only channel for a company’s official image to the outside world, so email communication security is critical for an organization.
Data security awareness
What you hear about in the news are usually data breaches at large corporations, but the truth is that small and medium-sized businesses are the most vulnerable to cyberattacks, and unfortunately, SMB executives are often the least likely to prioritize cybersecurity programs. Sixty-six percent of SMBs do not believe that a data breach can occur, and 67 percent of SMBs have experienced a serious attack in the last year.
How enterprises can secure their digital assets
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