Data Security Solutions for Your Safe Digital Presence

“We must inspire a commitment to security rather than merely describing it.” - Mich Kabay

Bearing the same perspective, Ameex Data Security experts leave no stone unturned for ensuring your digital information and assets stay protected and safe against all attackers. No unauthorized access. No data theft.

According to a website, the average cost of a data breach in 2020 was $3.86 million while in 2021 it increased to $4.24 million. If you haven’t taken important measures to control the possibility of this, do now!

What is Data Security?

Data security refers to the safety measures put in place to safeguard data from illegal access and thereby maintain data confidentiality, integrity, and availability. The term ‘data’ includes files, accounts, databases and networks. Data security is vital for companies of all sizes - public and private.

What are Some of the Data Security Challenges?

To save your organization’s reputation and be in the good books of your customers, data security is a must! Here are the data security challenges that experts generally encounter:

Ransomware

Ransomware poses a significant threat to data in businesses of all sizes. Ransomware attacks corporate devices and encrypts data, rendering it worthless unless the decryption key is provided. Attackers display a ransom notice requesting payment in order to release the key; however, in many situations, paying the ransom is futile, and the data is lost. Many varieties of ransomware have the ability to spread quickly and attack huge areas of a company's network. There may be no way to recover if an organization does not keep regular backups or if the ransomware infects the backup servers.

Cloud Security

The risk of data loss via the cloud is possible. To make sharing and collaboration easier, many firms are transferring their data to the cloud. However, moving data to the cloud makes it more difficult to maintain and avoid data loss. Data is accessed using personal devices and unprotected networks. It's all too easy to exchange a file with criminals unknowingly or maliciously. Data loss prevention is necessary.

Data Breach

A data breach, often known as a data leak, occurs when sensitive information is accessed by or released to unintentional viewers. Data breaches can occur as a result of:

• Hackers bypassing your security technologies and gaining access to your critical software or security platform are known as cyberattacks.
• Devices containing protected information are stolen or lost.
• Employees or other internal users, such as contractors or partners, may steal data.
• Human errors, such as providing sensitive data to someone who is not allowed to read it, are common.

Scarcity of Cybersecurity Experts

The global cybersecurity sector requires over a million trained personnel and over 60% of cybersecurity professionals think the shortfall is affecting their firm. Their ability to detect data-related risks and respond to attacks is hampered by talent scarcity.

What Type of Data Needs to Be Protected?

Companies are frequently obligated to protect two types of data:

• Employee HR and payroll data, customer profiles, supplier contracts, and personal medical histories are all examples of personal information.
• The data assets required to run and maintain your firm are referred to as business-critical data. Examples include financial planning, inventories, and intellectual property such as designs and trade secrets.

A solid cyber security plan separates the protection of the company's information assets from the protection of the company's assets.

Data Security Solutions

To overcome data security challenges, the data specialists suggest the following:

Data discovery and classification — Data discovery technology analyses data repositories and reports on the results, allowing you to avoid keeping sensitive information in unprotected locations where it is more likely to be hacked. Data classification is the process of tagging sensitive data in order to protect it based on its value or applicable regulatory requirements.

Data encryption – Encoding sensitive data renders it unreadable and useless to criminals. Before digital data is written to the SSD, a software solution executes software-based data encryption. In hardware-based encryption, a separate CPU is dedicated to encryption and decoding for safeguarding sensitive data on a portable device, such as a laptop or USB drive.

Dynamic Data Masking (DDM) — This data security solution involves masking sensitive data in real time to prevent it from being exposed to non-privileged users while maintaining the integrity of the original data.

User and Entity Behaviour Analytics (UEBA) – UEBA technology is designed to detect abnormal activity that may suggest a threat. It's especially useful for spotting insider threats and accounts that have been hacked.

Auditing and Change Management — Changes to the IT systems that are made incorrectly, whether accidentally or maliciously, can result in downtime and security breaches. You can detect misconfigurations quickly by establishing proper management procedures and auditing actual changes.

IAM (Identity and Access Management) – IAM enables organizations to manage both regular and privileged user accounts to control user access to sensitive data.

Backup and Recovery – Whether a user has unintentionally deleted a single file that they now require, a server has failed, or a natural disaster or targeted attack has brought the entire network down, organizations must be able to quickly restore data and operations. A defined set of processes for restoring lost data and handling incident response should be included in your disaster recovery strategy.

For an unparalleled data security management and data protection solutions, contact Ameex. We can be your go-to digital partner for all your digital needs.