Did you know that after a significant data loss incident, 60% of small businesses close their doors within six months? The National Cyber Security Alliance is the source.
Data is one of a business’s most valuable assets in the current digital era. The consequences can be disastrous if it is lost, whether as a result of a cyberattack, system malfunction, or human error. Every organization, from startups to large corporations, must comprehend what data loss is and how to avoid it.
Any intentional or inadvertent destruction, corruption, or theft of data that makes it unusable or inaccessible is referred to as data loss.
This can include anything from cloud data being compromised due to a security breach to data loss on physical devices.
In simpler terms, data loss happens when information disappears or becomes incomprehensible.
Losing critical business data means:
In summary, long-term growth and business continuity can be disrupted by a single incident.
The techniques, tools, and protocols meant to detect and stop data breaches or leaks before they happen are collectively referred to as “data loss prevention” (DLP).
It combines software, policies, and monitoring systems to ensure that sensitive data is protected both inside and outside of your network.
Pro tip: Consider using enterprise-grade DLP tools like Microsoft Purview, Symantec DLP, or Trellix to automate detection and protection.
There are several causes of data loss, some of which are avoidable and some of which are unanticipated.
The most frequent causes are broken down as follows:
A combination of best practices and technical safeguards are needed to prevent data loss.
Here’s how to build a strong defense:
Use offsite backups, secure cloud storage, or local drives to store data.
Make use of data loss prevention software that encrypts private files, prevents illegal sharing, and continuously tracks data access.
Teach employees how to spot phishing attempts and how to handle data safely.
To fix vulnerabilities, apply security patches as soon as possible.
Limit access to data to those who are authorized .An additional degree of security is provided by multi-factor authentication.
Make emergency plans in advance and specify who will react and how in the event of a loss.
Data protection has been transformed by contemporary AI-powered monitoring tools and cloud storage options.
AI is able to identify odd trends, such as an abrupt data transfer, and notify teams right away. Cloud backups, meanwhile, guarantee that your data is secure even in the event that on-premise hardware malfunctions.The Business Impact of Ignoring Data Loss Prevention, Ignoring DLP can lead to:
In short, data loss is a business survival issue, not just an IT one. Contact Us today so we could provide you with the support your business needs!
Data loss can bring any business to its knees from losing critical client files to suffering massive financial damage. This guide explains what data loss is, the main reasons behind it, and how to implement powerful data loss prevention measures to keep your organization secure.
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