Data is among your most valuable assets, providing insights to make better decisions and building stronger partnerships with partners and customers. However, it can be one of your biggest liabilities should you not take the proper precautions to secure it.
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Companies could lose millions of dollars because of data breaches. They can also harm the value of their brand, undermine trust and even result in fines by regulators. Data breaches are inevitable. However, there are ways to lessen the threat and protect yourself against cybercriminals.
1. Authenticate users and authorize them.
Data security requires an authentication and authorization process that is strong to ensure that only authorized persons have access to your information. This can be accomplished by using two or more types of identification to gain access to your information, such as something they are familiar with (passwords and security tokens), something they have (electronic devices and other hardware) or even something they’re (biometrics like fingerprints and facial recognition).
2. Encrypt everything
Classified data is among the most sensitive information and any disclosure that is not authorized could have the biggest implications for your company and/or the individuals affected. To safeguard classified information, it must be encrypted and protected by encryption codes that are only available to authorized personnel. Classifications should be evaluated regularly and your team should establish an appropriate policy for managing encryption keys to ensure they are not compromised.
3. Reduce non-essential data access.
Most employees do not need full access to the data of your company. This decreases the chance of a breach as it limits the number of possible entry points that could be used by hackers. It is a good idea for users to only have access to the information they require to perform their job.
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