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Tag: Business Data Security

Data Loss Prevention (DLP): Strategies For Preventing The Loss Or Theft Of Sensitive Data

Data loss prevention (DLP) is a critical process that organizations must adopt to safeguard sensitive data from being lost or stolen. Sensitive data, such as financial records, personal data, and intellectual property, are valuable assets that, if compromised, can have major repercussions for the organization.

Strategies that organizations can use to prevent the loss or theft of sensitive data include:

Identify Sensitive Data

The first step in preventing data loss is identifying sensitive data. Organizations should conduct a thorough assessment of their data assets to determine the types of sensitive data that they possess. This includes personally identifiable information (PII), payment card information (PCI), and protected health information (PHI). Once identified, this sensitive data can be protected with appropriate controls.

Implement Access Controls

Implementing access controls is an essential step in preventing data loss. Access controls limit access to sensitive data to only authorized personnel. Access controls can be implemented through user accounts and password policies, as well as other techniques such as role-based access control (RBAC), multi-factor authentication (MFA), and biometric authentication.

Encrypt Sensitive Data

Encrypting sensitive data is a critical step in preventing data loss. Encryption converts sensitive data into a code that can only be deciphered with a key. Even if an attacker gains access to the encrypted data, they will not be able to read it without the encryption key. Encryption should be used for data at rest and data in transit.

Monitor Data Access and Usage

Monitoring data access and usage is an important step in preventing data loss. Organizations should implement security information and event management (SIEM) tools to monitor data access and usage. These tools can detect anomalous activity, such as data exfiltration, and alert security teams in real-time.

Implement Data Backup and Recovery

Implementing data backup and recovery is essential for preventing data loss. Regular data backups ensure that even if data is lost or stolen, it can be recovered. Organizations should implement a backup strategy that includes both onsite and offsite backups. The data backup strategy should also include a disaster recovery plan that outlines the steps to be taken in the event of a data loss incident.

Educate Employees

Employee education is a crucial step in preventing data loss. Employees should be educated on the importance of data security and the consequences of data loss. Employees should also be trained on how to identify and report security incidents.

Implement Data Loss Prevention (DLP) Tools

Data Loss Prevention (DLP) tools are essential for preventing data loss. DLP tools can detect sensitive data and prevent it from leaving the organization. DLP tools can be used to monitor data usage, detect anomalous activity, and prevent data exfiltration.

Implement Security Policies and Procedures

Organizations should implement security policies and procedures to ensure that all employees follow best practices for data security. Security policies should include password policies, access control policies, and data classification policies. Security procedures should include incident response procedures, disaster recovery procedures, and data backup procedures.

For more information on how to protect your computer network systems and devices, contact Centex Technologies at Killeen (254) 213 – 4740, Dallas (972) 375 – 9654, Atlanta (404) 994 – 5074, and Austin (512) 956 – 5454.

 

Data Principles For A Successful Digital Business

The outbreak of COVID-19 pandemic has made it important to minimize human interaction in business operations. As most people are staying at home and practicing minimum mobility, it is time to scale up your software-based systems to meet the business needs and consumer demands. However, when businesses consider replacing their operations with digital technologies, they need to ensure thoughtful technology decisions, practices, and investments.

One of the core pillars that guide the decision making for a digital business is data. In order to formulate a successful digital business strategy, it is imperative to layout some data principles. The three basic data principles for a successful digital business are:

  • Data Is An Asset: The first data principle for a successful digital business is to understand how digital business is different from conventional business. Although the underlying concept of a digital business is same as that of a physical business, the difference lies in the role of data as an asset. The success of a digital business is based on collecting data and applying it to accelerate workflows, increase flexibility, target value propositions, and achieve business goals. The data plays the role of most important assets for a digital business as it provides the necessary information required for formulating successful future strategies.
  • Increase The Value Of Data Assets: The main difference between data and other assets is that data can be applied to multiple domains continuously. However, it is important to choose a suitable way to use data in a constructive manner for the effective use of resources. The second data principle for a successful digital business is to take steps to increase the value of data assets. While deciding a suitable way of using data, the main focus should be on increasing business’s efficiency while improving data sharing.
  • Data Security: With an increasing number of data breaches, it is necessary to implement the third data principle of data security. Business data may include personal information of users, business strategies, trade secrets, etc. A data breach can lead to loss of credibility among users. It can also cause financial loss to the organization by damaging the brand image or resulting in loss of business. Thus, in order to ensure the success of a digital business, it is important to keep the business data secure.

For more information on data principles and strategies to implement digitization of businesses, contact Centex Technologies at (254) 213 – 4740.

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