With the impending execution of GDPR (General Data Protection Regulation), any potentially wrong data security decisions could lead to disastrous consequences for your business. Let us peruse some common data security mistakes that should be avoided at all cost.
Negligence of Two-Factor Authentication
This is one of the simple and commonly overlooked factors, which protects your critical data. Two-factor authentication increases the hackers’ task of breaking the passwords in multiple levels to gain access of the device. Most of the business platforms now offer two-factor authentication, so there is no excuse of not implementing it on all of your password-protected accounts. Password breaches are becoming quite common now and it is one of the most simple (and free) ways to prevent breaches.
Utter casualness about differentiating between Personal and Professional Devices
BYOD (Bring Your Own Device) is arguably the most accepted policy in the enterprises though it is highly crucial to have the correct plan in place. The IT managers need to make sure that their employees are adopting proper steps to protect their own devices from potential hackers. If there are no assurances about data safety in these devices especially after any individual employee quits the organization, then the benefits of BYOD are not worthy.
No Data Encryption
End-to-end encryption is a crucial data security practice frequently ignored. As far as safety is concerned, protection of any data from its source is highly critical. It signifies that even if any company device is misplaced, the data should not be compromised at any cost. The data should be encrypted with unique and secured passwords.
Data Security Misconceptions – might not be Security
There is handful of security policies in place to protect crucial business data. Since GDPR is all set to be introduced in May 2018, it is expected to be more comfortable to comply with. Nevertheless, it is also crucial to know that compliance does not necessarily mean security. The employees are expected to do the bare minimum to comply with a regulation, though it doesn’t ensure total protection of the enterprise assets. It should be kept in mind that strategic regulations are set for businesses in general and are considered as individuals, with a specific to-do-list.
It goes without saying that the importance of cost effectiveness ultimately influences a business decision even if securing the IT infrastructure is highly required. Each and every move related to cost taken by the enterprise involves their annual budget plan. Thus allocation of data security cost is taking the front seat in most of the decisions taken by the CFOs and CISOs recently. Even if the security audits are costly, they should be viewed as an investment and not cost. It is indirectly a way to tighten the company’s security for digital assets to avoid any reputational damage.
It takes extensive research, experience and time to know exactly what works when it comes to protecting company data successfully. The other vital part is that the employees are trained and aware of data security norms and should avoid the data security mistakes at any circumstances.
The spectre of data security allows organizations to assess an enterprise sensitive data threat landscape and calculate confidential data risk on a continuous basis. The risk possibility is highlighted by views of sensitive data accumulation and consumption. The key decision makers can realize if risk factors are escalating or deteriorating with security strategies regularly. Above all, data protection remediation should be prioritized to maintain the critical value of digital assets.
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.