Time and again, we see the same types of data breaches being repeated. For some reason however, businesses today are spending more money trying to clean up the debris left behind from these attacks than on good security to prevent them. Maybe even more important to your business’ survival than money, a data breach can lead to a loss of clientele, loss of reputation, as well as trouble with the law.
With so much on the line, it is crucial to take a proactive stance when it comes to protecting your company’s data – especially when we consider that a data breach can result from something as simple as:
Although preventing all potential data breaches that could come your way isn’t quite possible, it is possible to prevent the vast majority of them considering the above.
According to a study published by the Online Trust Alliance, in fact, 9 out of 10 data breaches could have been avoided without difficulty.
You may be thinking that with the hindsight that the OTA holds, this is one of those “easier said than done” situations. Wrong. The study showed that for the majority of these cases, a data breach could have been easily avoided by implementing some basic, solid security practices.
Some practices that have been recommended include:
Explore alternative data storage options – and don’t forget encryption! With the study reporting 18% of breaches coming as the result of lost or stolen devices, more secure alternatives need to be explored when it comes to storing sensitive data.
In addition, data encryption is a basic and very proactive security measure to take that will help you ensure sensitive data protected – even if it does fall into the wrong hands.
Although the OTA’s study was conducted with information gathered in 2014, similar and more recent studies reveal the same errors being made time and time again. As unfortunate as it is to say, the study is just as relevant in 2016 – if not more so.
A set of basic, solid security practices is all it takes in order for your company to avoid 90% of data breaches and their devastating effects.