Avoiding data loss requires the effective implementation of a well-developed information security plan. Information security is often confused with cybersecurity, but it refers to securing an organisation’s information from all types of threats that can lead to data loss.
Data loss represents a loss of valuable time and resources which can leave a lasting impact on a company’s financial standing. In 2017, 74% of all data breaches were due to external factors.
In this blog, we take a look at the major data loss pitfalls and how to avoid them.
Inadequate Security Controls
Organisations ensure adequate auditing and compliance automation, deploy encryption, and implement file and data activity monitoring but fail to reinforce common entry points of attack which are exploited by both internal and external threats. Security systems are reliant on network security appliances, endpoint security software, access management systems and a host of other measures.
Not Identifying Critical Information
An organisation’s stakeholders must first identify critical information. Failure to do so results in security programs that only focus on the protection of regulated information. The effectiveness of such an approach greatly depends on the nature of a business’s operations. Not defining critical information can jeopardise a company’s crucial assets.
Failure to Keep Up with Change
Implementing data protection programs are never a complete guarantee against data breaches. A study of insurance claims filed under data breaches reveals that most companies do not keep a track of changing network infrastructures—alterations due to changes in business strategies.
Lack of Properly Defining Governance
Optimum positioning of business units includes defining unauthorised and authorised behaviour. Due to changing behaviours, continuous involvement of business units is vital for creating an effective program. Business unit involvement is divided into two main functions:
· Working Groups: manage the routine activities necessary for continuous maintenance and support of information security programs. Such groups are comprised of security professionals and are responsible for incident response in regard to events that have significant business impact.
· Governance Groups: comprise of business leaders responsible for highlighting the strategies pertaining to information security programs. They usually gather for quarterly meetings where compliance and risk reduction strategies are discussed.
Apart from focusing on the optimal use of data to improve organisational efficiency and performance, IT departments need to evaluate the effectiveness of their data loss prevention strategies. Critical data must be highlighted, and a proactive approach needs to be taken towards its protection rather than treating it as a simple compliance issue.
It is estimated that around 70% of all business have or will experience some form of data loss due to reasons such as viruses, system failures, accidental deletion or external disasters. Our penetration testing services help your company to locate weaknesses in its security systems allowing you to bolster your defence against data theft and loss! Contact us today!