The world is being operated in codes and ciphers. The cryptography sphere runs almost every aspect of human lives. People use emails, ATM cards, online shopping, social media, etc., all operated with cryptography. The program aimed to secure online communication across different channels to prevent potential threats from cybercriminals. Many companies have faced cyber-attack, such as Hospice, a laptop company in North Idaho, USA. The attack resulted in much missing health information causing a considerable amount of money. However, an organization can prevent the loss of data by using DLP (Data Loss Prevention Assessment)
Data loss prevention (DLP) is created to secure an organization’s data within its network while interacting with other organizations. DLP software and tools are programmed to track and filter data while allowing usage, storage, and transmission within the organization network. With this program, data is prevented from outside sources blocking interaction from unauthorized users. Data Loss Prevention was created after more than 70% of organizations had experienced stolen data due to faulty factors such as fire, deletion, or system failures. Here are five reasons why every organization needs a DLP.
Cloud-based Storage and Services
Bring your device (BYOD) is a principle in some organizations. This opportunity can lead to data loss as some employees could use their devices on their organization network.
DLP (Data Loss Prevention Assessment) allows organizations to store data on cloud-based storage to prevent data manipulation. The storage is created to hold organization-owned confidential data that is not permitted outside the organization network. Cloud storage has unlimited space and ironclad security to prevent unauthorized company data access and permission. The program also allows proper control of data within the company.
You Have Everything to Lose
Data are in different forms depending on the organization involved. It has a different meaning for a financial person, operation managers, human resources functions, project managers, etc. Data can also have customer records, employee identities, intellectual property, financial performance, etc.
It is an organization’s secret because it contains advantages, innovations, strategies, and plans. Some data also have stakeholder information that cybercriminals can leverage. This data can cause a massive loss to the company in the wrong hands. Vanson Bourne researched 1,000 organizations decisions making and found out that:
- 25% of companies suffer security breaches.
- A security breach costs an average of $1 million which can be more extensive in larger organizations.
- 75% of organizations have insecure data storage methods.
- Two out of four organizations secure their data on a home system instead of an organization network.
Data is knowledge. It is dense and deep, making it an essential aspect of an organization. The denser and deeper the information, the more damage is when stolen.
They’re Smarter than You
Cybercriminals are focused on getting organizational data to leverage on. Their goal is to destroy, interrupt and mess with data. They steal data with passion, time, and financial support that organizations cannot contest. With DLP, an organization can keep ahead and take practical measures.
The internet sees new malware every day that can be advantageous to cybercriminals. The malware enables them to log into organization data on unregistered devices on the network. Many organizations like Anthem Healthcare, Sony Pictures, the election system, intelligence agencies, and Penn State University are attacked by cybercriminals.
Fox Business News reported that every business, including small organizations, retail shops, leisure businesses, hotels, healthcare systems, and even schools, suffers from cybercrimes. These stealing activities have left many organizations and entrepreneurs bankrupt.
Data loss prevention prevents viruses, worms, Trojan horses, and more. DLP labels data in a known manner to the employees when opening. The data is personalized to allow access by the only authorized body while preventing contaminated attachment.
Maintain Your Business Reputation
Few organizations dare to announce data loss incidents to their users. They are forced to make the public aware of the situation. Losing data means losing trust from vendors, customers, prospects, stakeholders, and investors. An organization may recover from data loss damages, but a level of vulnerability is shown. The organization’s reputation has been compromised, thus diminishing its value in the marketplace. The organization may also face financial losses and other competitive threats accompanied by data loss.
Data loss prevention is the recent software installed by many organizations to prevent the increasing number of cybercrimes. DLP is the new tech in matching up with sophisticated software used for cyber activities on the dark web. The program protects its information and regulation to maintain its security stand in the global economy. According to some countries, regulations can subject an organization to fines, loss of contracts, and severe penalties.
Data Is Bigger Than Ever
Data is created by any activity done and recorded in the organization. It proliferates, making it difficult to manage, store, and direct data. Another problem faced in data management is the quality of data circulating in the organization. Data’s importance, privacy, and priority are hidden to prevent disruption. But understanding it makes it easy to channel and create a more robust level of security, and; that’s what DLP does.
As a result, Data loss prevention is one-size-fits-all for organization data. The program has a strategy solution to understanding the data’s location and direction of use. DLP formulates a hedge according to the nature, quality of data, and level of confidentiality to prevent misalignment. The software informs an organization of who, when, and where their data was sent or received.
DLP technology does the training, education, and monitoring of data in an organization. Every data created, stored, or shared can be tracked using this program seamlessly. The software is a tiny investment with a significant outcome in preventing data loss and risk management. DLP is a subject every organization should be focusing on to maintain their company goals.