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How to Avoid Data Leakage in Your Organization

Modern businesses routinely collect names and addresses, phone numbers and emails, bank details, and much more in order to serve clients and know them better. Protecting that data is imperative. Compromised customer data can be harmful to clients, exposing them to phishing attempts, identity theft, and other crimes. Being involved in a data leak can lead to hefty fines from regulators, especially if the business lacks adequate security measures and/or fails to respond accordingly. Visit us at:https://www.globalbackgroundscreening.com/post/how-to-avoid-data-leakage-in-your-organization

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How to Avoid Data Leakage in Your Organization

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  1. How to Avoid Data Leakage in Your Organization Modern businesses routinely collect names and addresses, phone numbers and emails, bank details, and much more in order to serve clients and know them better. Protecting that data is imperative. Data protection is crucial because Compromised customer data can be harmful to clients, exposing them to phishing attempts, identity theft, and other crimes. Being involved in a data leak can lead to hefty fines from regulators, especially if the business lacked adequate security measures and/or failed to respond accordingly. Leaked proprietary data can cost a business its competitive advantage, allowing another company to produce the same product or service without investing the same time and money in research and development.

  2. The loss of sensitive data can cause a severe risk if the business is in a critical industry, such as healthcare or food and beverages. The loss of customer trust after a data leak may be less quantifiable than the financial costs of data loss, but it can be more devastating, with some organizations never recovering from a data leak. What’s the Difference Between Data Leakage and a Data Breach? A data breach typically involves a cyber attack. The threat is generally external and involves the manipulation or compromise of staff or IT systems. A data leak, on the other hand, is typically caused internally. For example, if hospital staff send medical results to the wrong contact address, this would be considered a data leak. Confidential papers left on desks and cloud storage repositories without passwords are also examples of potential data leaks. While data leaks are often accidental or due to a lack of awareness, they can also be the consequence of negligence or malicious intentions, with insiders releasing data for various motivations, including profit, status, a grudge with the company, or political reasons in the case of whistleblowers, such as Edward Snowden. Top Tips to Avoid Data Leakage Since human error is a significant cause of data leakage, it makes sense for most businesses to start remediation efforts there. However, a cyber risk assessment can identify the top risks for a particular organization and help its leaders determine which risks to address first. Training In most cases, an organization’s people are its biggest vulnerability when it comes to data breaches and data leaks. Some cybersecurity or information security training can tighten up security gaps quickly.

  3. Cybersecurity training should begin during the onboarding process and last throughout each employee’s time with the company. This way, employees’ skills stay in line with evolving cyber risks and changes in business processes. It’s also useful to provide refresher courses or initiatives to ensure that cybersecurity remains a priority. Training should extol the virtues of checking details before responding to any communications, particularly those that seem suspicious or request confidential information. Developing a Cybersecurity Culture Training should extol the virtues of checking details before responding to any communications, particularly those that seem suspicious or request confidential information.

  4. Implementing an Information Security Policy Staff can’t be expected to keep a business secure if they don’t know why or how data must be protected. Training will largely answer this question, but a documented information security policy makes it official. Data Limitation This might seem churlish, but it’s true that the less sensitive data a business processes and stores, the less risk it faces from data leaks. Access Control Access control systems often employ software to help manage varying levels of access credentials. It also refers to physical access control, such as security guards, CCTV, and the use of ID cards or badges to limit and monitor access. Conclusion The risk of data leaks is significant, but, fortunately, it can be managed. The key components of a strategy to prevent data leaks are staff training, clear policies, and using resources and technology to verify that only authorized people can access sensitive information and that they only transmit it to verified, authorized recipients. Get In Touch With Us: Follow Us: +1 8555615890 global_background_screening/ globalbackgroundscreening/ www.globalbackgroundscreening.com Also Find Us On: https://tinyurl.com/3a843wt9 https://tinyurl.com/3c9j83jk

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