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Data Security’s Importance in 2022: Explained

Businesses have relied more and more on technology in recent years to carry out routine tasks. The cornerstones of almost every business now include internet-powered tools, cloud storage, and web-based software. Data transmission became the new reality of internet communication as Web 2.0 enabled businesses to engage with their staff and consumers online. Teams have started talking more about data security as a result, but the question of what data security is and why it is necessary still lingers.

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Is data security important

Data security is the process of preventing unauthorized parties from accessing, corrupting, or stealing digital information. It is a process that starts as soon as the data is gathered and lasts the duration of the data’s lifespan. Data security ultimately includes all facets of information security, including the hardware used to gather and store the data, administrative and access controls, and the software used to manage it all. Data security guarantees that sensitive information about organizations and their clients is protected from anyone who could misuse it against them. Due to the daily development of new techniques for data theft and monetary gain, cybersecurity is a topic that is continuously changing.

Security of data: Why is it important

Data security is emphasized frequently, and after 2021, it will be more crucial than ever to make sure that your company and its clients are shielded from harmful intent. Let’s review some data from the previous two years:

  • Personal data from customers was exposed in 44% of all data breaches (IBM)
  • Cyberattacks increased by 27% in 2021 compared to 2020. (Identity Theft Resource Center)
  • On the black web, there are claimed to be 15 billion credentials from 100,000 data breaches for sale (Digital Shadows Photon Research)
  • In the previous three years, more than 90% of healthcare businesses had at least one data breach (US Healthcare Cybersecurity)
  • Finding and containing a cyberattack costs $3.86 million and takes an average of 280 days worldwide (IBM)

The information is self-evident. The new normal is this. In order to preserve their reputations, avoid the significant fines sometimes connected with data breaches, and, most importantly, secure their customers‘ personal information from those who would misuse it against them, businesses need to defend themselves against these data breaches. Data security is crucial because it protects the privacy of our personal information. Customers are more likely to have faith in the companies they trust with their private information. It enables us to carry on performing our professions successfully.

How can data security be ensured?

It’s not always necessary to spend tens of thousands of dollars on programmers and developers in order to invest in data security. That could be the case if you have a proprietary bespoke program, but it’s more probable that you currently use other SaaS (software as a service) platforms to run your firm. Fortunately, a lot of SaaS programs have taken different measures to guarantee that the information you gather, arrange, and keep inside of them is safe and in compliance with current regulations. To ensure that the programs you use can resist possible attacks, let’s look at some of the features you should be checking for:

  • Compliance- Various laws have been implemented in the US to provide people and their families more control over their personal information. Among these, the California Consumer Privacy Act is the most prominent (CCPA). The E.U. is Europe’s equivalent of a national entity. Data Protection Regulation, generally (GDPR). The International Organization for Standardization (ISO) has several different information security standards and is another option. It is advisable to select software programs that adhere to these many laws. You may be sure that any program bearing these certified compliance badges has attained high data security levels without getting into each criterion’s specifics.
  • Encryption- In essence, encryption is the process of taking something in plaintext and storing it in a different format called ciphertext. This freshly encrypted data seems to be practically random data, making it impossible for anybody without the required data key to access or understand the content. Because it assures that only individual inside your business and using the appropriate platform can access your data, encryption is crucial for data security on the internet.
  • User Permissions- Only individuals with the appropriate clearance and administrative credentials are now able to see sensitive information. This is comparable to how the janitor at a hospital is unable to read your records while only licensed medical personnel may. Custom user permissions across accounts prevent consumers from viewing the backend of the platforms you use to operate your everyday operations or lower-level staff from accessing critical data points.
  • Multi-factor Authentication- The security of a password depends on the person creating it. MFA (multi-factor authentication) verifies that the users connecting to an account are the right persons. This makes it harder for accounts to be hacked and ensures that only authorized users may access sensitive information.

Bot management

You may control which bots have access to your online assets by using an approach called bot management. Using this technique, you may let beneficial bots, like Google crawlers, while restricting harmful or undesirable bots, such as those employed in cyberattacks. Bot management techniques aim to spot bot activity, pinpoint the bot’s origin, and ascertain the activity’s nature.

Bot control is essential to avoid negative effects on your site’s speed and security. Malicious bots can overburden servers and prevent or slow down genuine users if they are given access to your assets. Some bots can also be used to steal system data, passwords, or proprietary assets in addition to scraping your content. Following that, these tools may be employed to phish people, spam material, or organize cyberattacks.