Data is big business today. Data is, essentially, the driving force behind almost everything today and it’s what makes everything works. Data is information, and we’ve all come to know how valuable and powerful information is in the world today. Data, or information, has been used as leverage, to extort companies and people, holding them for ransom. It’s vital in war, or during the absence of war, and is often what major global decisions are based on.
With that being said, we can already begin to see how imperative data security becomes, since data holds that much weight, value, and power. This is the case on every level of society – from the governmental level to the individual level. Keeping data and information safe and secure, away from prying eyes, has been a concern for humanity virtually since the dawn of civilization. The game has changed fairly recently in our history, however, as we’ve been increasingly storing and transferring our information over digital platforms.
The bottom line is that we need to shift our focus, on a daily and habitual basis, to understanding that our information is valuable and that it can be stolen, used against, or sold. This is true on governmental, company, and individual levels and can have devastating consequences across these levels. Let’s delve further into data security and look at 10 facts you need to know about it.
1. Data/Cyber Security Software is Now Essential
Some readers might think that this is only true for businesses operating at a larger scale, or other large organizations, but those readers would be gravely misinformed. When using any of your devices, like mobile phones, tablets, PCs and laptops, you’re often putting yourself at risk. This is because we now store our very personal and sensitive information on these devices. It’s not just family holiday photos anymore, but credit card numbers, Social Security numbers, financial account details, login details for various accounts, and so on.
Get yourself a solid antivirus or antimalware program that can detect and quarantine most security threats before they’re able to steal your info and create additional problems with your devices and their software. Also, always make sure to perform updates on your data security software, as well as operating software – they might be annoying but they keep security features up to date to keep ahead of ever-evolving threats from hackers and other cyber criminals.
2. Tracking Down Cyber Criminals is Getting Easier
While threats to data security are always evolving, it’s also becoming increasingly easier to identify and track down online criminals. This is also true for preventing malicious attacks against you and your data since more sophisticated identification software is allowing users to pick up on breadcrumbs and find out pertinent info regarding online data thieves. Use Nuwber to see what we’re talking about. By simply entering a name, email address, mobile number or any other piece of information, you’re able to pull up data about a suspected individual or put your mind at ease about them.
3. Data Security May Be Your Calling
There’s more data to be protected and a lack of experts to protect that data! Since the threat of malicious hackers is on the rise and data breaches are occurring so often, new talent is always required to keep ahead of the dangers. The IT industry is still growing, and with more and more businesses and corporations requiring their data to be safe. Skilled cyber security experts remain scarce in 2021, and it’s a threat to the national economic security of countries the world over.
4. Data Breach Rescue Plan?
While US cyber security agencies are set to receive $9 billion in President Biden’s plan, most organizations don’t have a Cyber Security Incident Response plan. In fact, the stats have shown that approximately 77% of organizations don’t have a plan if an incident of this nature were to occur! Organizations need to take the necessary steps to ensure that if their data security is compromised, they have a plan in price to mitigate the damage incurred.
5. The Healthcare Industry Is at Risk
In 2020, the healthcare industry was targeted the most by cyber criminals, and this shows no sign of abating in 2021. This is true for hospital digital infrastructures, as well as organizations in the industry globally. Data stolen in these attacks are often posted for sale on the dark web.
6. Small Business Need to Take Precautions
Like we mentioned before, data security measures are not just for corporate giants. Since many small businesses don’t have adequate cyber security measures in place, 43% of cyber-attacks have targeted this level of the economy.
7. Low Data Security, Low Customer Trust
For small and large businesses alike, the issue of data security is becoming an increasing concern for consumers and customers – especially since we want to trust companies with our information. If a business can’t keep a customer’s data safe, they’ll look to your competitors instead.
8. Educate Employees on Data Security
Even if your organization has the most secure cyber security systems in place to detect, preempt, and block threats, there’s not much it can do if an employee voluntarily allows a hacker in. When we say “voluntarily”, we mean that an employee might have been duped into doing so, either by clicking dangerous links or falling prey to phishing scams. Invest in educating them for a savvy workforce.
9. Most Threats Can Be Prevented
With the above being said, it’s no wonder that most attempts to steal data can be prevented. Many breaches are caused when users are lulled into a false sense of trust. Exercising caution when online is key to data security.
10. The Cost of Inadequate Data Security Is Growing
According to study by the University of Maryland, a cyberattack occurs every 39 seconds. This is a staggering statistic with equally staggering implications. The average cost of a data breach in 2020 was $3.86 million.