As countries across the world race to find a vaccine in the fight against the pandemic, cyber hackers are busy trying to steal Covid-19 research from pharmaceutical companies, universities, and medical groups. Whether it’s a private or a public entity, big or small enterprises, no one is safe from data breaches and hacking. Protecting data is of paramount importance to prevent misuse and fraud, illegal activities, phishing, or other forms of scam. The good news is any company or organization can exercise control over their data and research by implementing best and secure practices.
Information is critical in any operation, and keeping its integrity is vital. One of the major steps to take in securing data is to get an overall view of the security system in your business or organization. Use reputable IT consulting services to identify the flaws and propose solutions, such as creating several backups for data in the event of corruption or breaches. Keeping data secure at a safe physical location, such as protected server rooms, and using cloud storage solutions are viable options.
What would be helpful is to use strong data encryption, using techniques that code data that does not make any sense to hackers and cybercriminals. As businesses rely on the internet to communicate with staff, clients, and partners, strong data encryption is essential to avoid compromising information or getting it into the wrong hands or parties. Invest in encryption software such as AxCrypt Premium or Folder Lock to keep your data safe. Make sure that your internet traffic is also secure by using a Virtual Private Network (VPN).
Data is further secured if access is limited to credentialed employees. Before granting access, each worker must be vetted properly to ensure that they are trustworthy and legitimate. In addition to proper credentialing, the list of employees who have access to data must be reviewed and updated regularly.
Hence, employees who are no longer working for the business or organization must have their credentials revoked. Similarly, the list should be updated in the business database, and security should be informed when employees are no longer authorized to enter the premises or access sensitive data.
Update Business Continuity Plan
According to IBM, 77% of security and IT professionals suggested that they do not have a response plan to cyber attacks that can be applied consistently across the company. Businesses and entities that do not have security plans are vulnerable to attacks and scams. When such incidents occur, organizations do not have the proper protocols to ensure the continuity of their operations. Unfortunately, it will cost the company a fortune, with the average total cost of a data breach amounting to $3.92 million. Lost business is the biggest contributor to the financial cost of an attack.
Hence, it is critical to creating a plan that will take into account possible threats and breaches. If you have a plan in place, review and revise it at regular intervals. Moreover, update software and adopt policies to manage data to respond better to challenges.
Breaches, hacks, and illegal acquisition of data can cost a company tons of money. By encrypting everything, reviewing employees’ credentials, and revisiting and revising business continuity plans, a business or organization can minimize losses brought about by data breaches and security hacks.