Data Theft: Still a Major Concern

As more than one hundred Government websites were compromised between April 2017 to January 2018, another hair-raising incident of Provident Fund portal hack in April 2018, has put the data of 2.7 crore people at stake. With this, the revolutionary ‘Digital India’ drive strode a few steps back to raise the question of digital security yet again.

Data is like a fuel for business organizations in digitization era. Hence, it’s never possible to accelerate the business process without it or even without securing it. If the organizations are reactive rather than proactive, then there are high chances that those organizations can be victims of advanced and sophisticated frauds. Data theft occurs when any confidential information is stolen from any business network or other individuals. Cyber crooks always look for data consisting of user information which mostly includes account passwords, social security numbers, banking details, credit card information, or other sensitive corporate information.

This secret data might be targeted by malicious insiders too. Today, ex-employees or disgruntled employees in an organization can pose as a hidden threat to all corporate information. Definitely insider threats can take familiar forms since the culprits operate from within the organizations and have smooth access to the privileged accounts in the official network. Mostly unmonitored BYOD (Bring Your Own Device) practice, lack of stringent data protection policies by the management are the reasons behind mushrooming of insider threats.

The risk of data theft prevails in organizations where there are distributed network with multiple layers of unmonitored access. If the network access credentials are shared by privileged users and they are unsecured then obviously it becomes an easy job for the malefactors to stealthily access the accounts to compromise the data. If the culprit is from within the organization, then the job is obviously easier.

How to Prevent Data Theft

A robust ARCON | Privileged Access Management (PAM) solution and ARCON | User Behaviour Analytics (UBA) can play as a big respite from any digital miscreant. PAM solution monitors and secures a highly classified corporate database from any unrecognized and unauthorized access to stop any sudden invasion. It is delivered as a set of various modules that are licensed separately. At the same time, UBA solution continuously vigils the suspicious activities of every end-user. It even helps the IT security team to detect and analyze the vulnerabilities existing in the access mechanism. Above all, it triggers alerts of any suspicious behavior to help the concerned department take prompt and preventive measures.

ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behaviour Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.

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