Over six million data records were exposed due to data breaches during the first quarter of 2023. This shocking number highlights the importance of data security for protecting your company’s reputation.
But what strategies and solutions are available to safeguard corporate data? We’ve prepared some of the answers in this quick, yet informative guide on data protection. Let’s delve into it.
Top 4 strategies to minimize data breaches in 2023
A data breach can be a catastrophic event for any type of business, whether it’s a small startup or a well-known corporation. And since the online world is becoming increasingly risky, we must protect ourselves applying the following tactics:
1. Establish clear policies and protocols
While employees cause many data breaches, these trusted individuals often have no intention of harming the organization. Security issues happen because of misunderstandings and ignorance of corporate security principles, which risks organizations’ data.
Preventing unintentional leaks requires effective corporate security protocols. Thus, all employees, contractors and other trusted personnel must approve the corporate security policy and confidentiality agreements. In this way, the organization minimizes the chance of accidents because everyone with access to sensitive data understands how to use and protect it.
2. Ensure secure onboarding and offboarding procedures
Onboarding and offboarding processes seriously threaten the security of an organization’s data. Specifically, new employees are given access to company resources, which is not always reliable. It is also alarming that departing employees admit to using company data in their new job.
Thus, data ccess for new employees should be appropriate for their roles, and you should have controls for departing employees to ensure that corporate data doesn’t go with them.
3. Monitor access and activities
A staggering number of companies are unaware of the whereabouts of their data, making effective protection nearly impossible. Moreover, manual monitoring is ineffective due to expanding corporate IT infrastructure and data storage.
Hence, automated tools are needed to discover, map, and track assets across network infrastructure, servers, databases, etc. This visibility is critical to understanding how corporate systems are used and how data flows through them, making detecting and preventing potential data leaks easier.
4. Deploy data breach prevention tools
Confidential corporate data can be compromised in a variety of ways. For example, employees can upload it to unauthorized cloud applications, malware can extract it from there, and phishing attacks can force employees to hand it over to attackers. Therefore, data breach prevention tools are needed to oversee and control sensitive data. These solutions keep data secure, track access and usage, and prevent data theft attempts.
One of the best data protection solutions is the virtual data room, which contains the best security measures and complies with international data protection standards. Learn more about the product and compare virtual data rooms to eliminate breach fears once and for all.
What is a data room for data protection?
A virtual data room is a secure digital repository for storing and distributing sensitive documents. They are now used instead of traditional physical data rooms, providing a safer space. Furthermore, the solution facilitates convenient access to authorized personnel, regardless of their geographic location.
The security of the dataroom software hinges on 256-bit data encryption. This sophisticated algorithm protects data at rest and in transit from unauthorized access by making it unreadable. Another essential data room security measure is compliance with international security standards, including ISO 27001, SOC 1, SOC 2, HIPAA, GDPR, and FERPA.
How can virtual data rooms mitigate data breach risks?
Now, we invite you to check what a digital data room has to provide top-notch security across industries:
- Granular access control: Data rooms allow administrators to define and manage specific access permissions for users. It ensures that only authorized individuals can view, download, or edit sensitive documents, reducing the chances of accidental or intentional data exposure.
- Audit trails and activity monitoring: The solution maintains detailed user activity logs, providing a comprehensive audit trail. This transparency helps track who, when, and why accessed documents. Thus, you can detect any suspicious activities with ease.
- Time and IP restrictions: Some data rooms allow administrators to set time-limited access to files or restrict it based on geographical locations. It is beneficial for controlling access during critical stages of transactions.
- Secure document sharing: Data rooms offer a secure platform for sharing sensitive documents with external parties. Unlike traditional email or file-sharing services, data rooms provide a controlled environment with encryption, reducing the risk of data interception during transit.
- Protection against insider threats: Virtual workspaces help mitigate the risk posed by employees or insiders with malicious intent. With fine-tuned access controls and permissions, employees can only access information relevant to their roles, minimizing the potential damage from internal breaches.
- Secure collaboration: Secure collaboration features enable authorized users to work together on documents without downloading them. It reduces the risk of data leakage through unsecured communication channels.
- Specific expertise: VDR providers are experienced in creating secure environments for sensitive data. Furthermore, they continually update their systems to stay ahead of emerging threats, offering expertise that organizations might not have.
- Risk mitigation in transactions: Virtual data rooms are commonly used in mergers and acquisitions, due diligence, initial public offering, and other complex deals. By centralizing sensitive information in a controlled space, they reduce the potential for breaches during these critical processes.
You’re now equipped with some easy-to-follow tactics for safeguarding sensitive documents. Plus, you’ve discovered the ultimate solution that offers a secure storage option completely free of any potential risks. So, why wait to boost your company’s security and pristine reputation? The time to act is now!