Why You’ll Need To Develop Some Security Strategies And Protect Your Business From Data Breaches

Data breaches are one of the most sensitive topics in the context of end-to-end security in modern organizations. This article will analyze the best security strategies to protect sensitive business data from breaches. 

Security strategies from data breaches

The problem of corporate data leakage is a common problem for businesses. It is one of the most painful issues for the company. In addition to the fact that the image of the organization will suffer, its economy is also under attack. Carelessness regarding the confidentiality of information threatens not only reputational risks but also, in principle, calls into question the business’s very existence.

A business that works with customers deals with their personal data – first name, last name, surname, date of birth, mail, and phone number. Such information must be stored according to strict rules, not disclosed or leaked outside the company. Hackers or competitors can hunt other people’s data to make money, harm the business’s reputation, and steal customers. Ordinary employees accidentally leak personal data due to low information literacy – ignorance of laws, technical rules, how to use the information on the Internet, and ethical standards. It, of course, is used by attackers.

The researchers report that technical information is often leaked, including drawings, layouts, project documentation, and product certification data. Among other leaked business data are:

  • accounting and financial documents – 19%;
  • legal documents – 6%;
  • data on clients and transactions – 6%;
  • personal data of customers and employees – 6%;
  • tender documentation – 2%.

So, what are the best ways to protect corporate secrets? Today, the cloud is the most secure way to store business-critical information. There are dozens of cloud-based platforms to organize secure business operations. 

Digital data room as the best alternative to keep business data secure

Running most business workflows and transactions online is a new business trend. Thus, it is necessary to provide strong security strategies and tools to keep customer data and privacy confidential and avoid data breaches. 

A virtual data room is a popular cloud platform and ecosystem of business tools for collecting and analyzing big data generated during business transactions. The architecture of the software consists of three components: 

  • centralized data storage in the cloud, 
  • computing
  • cloud services allow you to manage metadata, optimization, security, etc.

As a result, this digital platform is used to arrange transparent and secure business deal management during mergers and acquisitions, venture capital and real estate deals, IPOs, fundraising, etc. The data room ensures business communication tools for due diligence and startups. 

The platform indexes and correlates information in real-time, generates alerts, reports, and visualizations to recognize data patterns, and helps diagnose IT governance, security, and compliance issues. Built-in machine learning features include event prediction, clustering, and data security analytics. The big advantage of the data room solution, thanks to which thousands of companies worldwide have chosen it, is the real-time ability to monitor and process data. The software correlates events with rules and analytics engines. It indexes them in a fraction of a second, allowing potential threats to be detected and responded to before any significant damage or data breaches are done to the network.

This single platform allows users to analyze data from different perspectives, allowing organizations to benefit from it in all areas – from cybersecurity to IT health monitoring and business process optimization. It will enable companies to overcome the silo approach that slows down work processes and collaboration within teams and between different departments.