Data has an immense power to change the world. It helps businesses understand what strategies are working for them, their results, and where there is a need for change. Since it contains a lot of potential, data can help a big company rise in the market or bring it down in a month or two in case of data loss.
Big companies generate a lot of data, referred to as Big Data. These companies work with various clients and have clients’ data, making them responsible for data security. Losing this data can damage the company’s reputation, contract, and the relation with clients. To ensure data security, companies either protect their data themselves or recruit third-party organizations for it.
Following are the top technological and non-technological ways big companies use for data protection.
Classifying the Data
Data associated with a company is of varying importance. It requires understanding the data according to the scope of its usage, classifying or labeling it based on its sensitivity as Restricted, Confidential, Private, and Public, and further protecting it.
Recently, many large companies have turned to big data analytics to protect their data. They use big data analytics to understand data better, determine what data is most critical to their business, and prioritize which data they will keep on-premise and which data they will keep in the cloud.
Cloud and Backups
Cybercriminals use email to get into the devices and steal data from them. Therefore, The data stored in the cloud is more secure than the data stored on the desktop. Cloud service providers ensure data security by encrypting the data, maintaining backups, and enabling two-factor authentication. For this reason, companies store their data in the cloud.
Encryption
When data is in transit from a desktop to the cloud, it is vulnerable to cyberattacks. The process of data transformation into code to prevent unauthorized access is known as encryption. The data gets decoded using an encryption key, which reorders the data during encoding and decoding. Companies use this data protection strategy to ensure data safety and encrypt their data before transmitting it to cloud storage.
Email is an essential aspect of business communication, and it is a popular target for cybercriminals. These emails contain sensitive information and have attachments. They are encrypted end-to-end to avoid cyberattacks.
Regularly updating systems
Hackers are constantly looking for bugs in company software and systems. Using these bugs, they hack into the system and take the information. Software developers provide regular updates and fixes to address these vulnerabilities. Companies protect their data by keeping their systems up to date with security patches.
Conclusion
Social engineering attacks are predominant in information stealing, where hackers psychologically manipulate a person to take confidential information from them. It is crucial to assess human behavior and technology to ensure they do protect data or not. If there is an information leakage or a cyberattack, there should be a proper way to report it in an organization, and employees must know them to help mitigate the damage.
