If you want to know more about data breach protection, then this is your ideal article. All too often, a data breach is an unfortunate occurrence for IT managers, companies, and governments worldwide. The question is not whether an organization is attacked, but how often. No organization is immune, as demonstrated by the violation of the U.S. National Security Agency (NSA) and subsequent theft of NSA hacking tools in 2016.
With a data breach contingency plan, ensure you are prepared for worst-case scenarios, the first step in protecting your business. Emergency plans describe all of your relevant corrective actions, measures, and behaviors. A large part of this contingency plan should include data breach insurance to protect your business financially. However, elements of reputation management and investigative procedures should also be in place to identify the source of the breach.
The Best Data Breach Protection Strategy
Appropriate training of yourself, your employees, and your partners with access to your data can reduce the likelihood that the source of the breach will result in your liability. While different industries have different liability rules, fines and penalties are sometimes high enough to force an organization to shut down. Write data management policies and provide required training that all members of the organization must attend as part of the business onboarding process, and then you can reduce errors due to errors and omissions each year.
Using the right hardware protects your company from the dangers of the Internet and drastically reduces the risk of data misuse. A secure firewall isolates your network, when coupled to a virtual private VPN network, it allows secure remote access from remote locations without the need for third-party software. Content filtering blocks access to websites known to host malware that can be used to steal data. Advanced tools such as intrusion detection systems, intrusion protection systems, and transparent virus scanners work in the background to prevent break-ins before they even happen.
Again, a solid mix of preparation, knowledge, and equipment is essential to developing the best overall defense strategy. Encrypted cloud offerings or personal cloud deployments are also great ways to take advantage of new technologies for secure data protection, although access controls should be closely monitored and enforced. If you plan to provide this type of functionality this should be included in employee training. Documentation, even if it is not yet available.
Data Breach Damage
By following these simple steps, you can greatly reduce your risk of falling victim to a data breach.
Damage caused by a data breach can include:
- Legal responsibility towards customers and partners
- Government fines for non-compliance with confidentiality and security regulations
- Expensive repairs to computer systems
- Purchase of new security and cyber insurance software
- The cost of hiring external PR, legal and forensic advisors
- Loss of consumer confidence and damage to the company’s brand.
Data breach response team
How to create a data breach response team and establish a chain of commands
A successful response to a data breach requires a detailed plan that outlines the workflow and chain of command that must be followed during a data breach and who is responsible for each aspect of the response. A data breach response team can include:
- IT security staff
- Lawyers to determine legal responsibilities and liability
- Public relations staff to answer media calls
- Customer service representatives to answer questions from affected customers
- Human resources staff if the breach involves employee data
- A data protection officer (a new position some companies are creating)
- Forensic consultants to track the attack or discover hidden malware
Compliance experts when the data at risk is covered by government regulations such as the Health Insurance Portability and Accountability Act (HIPAA) or the General Data Protection Regulation (GDPR).
The size and sensitivity of the data will determine who should be involved in the response. For example, customer service agents and compliance experts are needed if the customer’s credit card information is compromised. Conversely, if marketing plans are stolen, these staff may not be needed. Because data breaches are both complex and variable, regular team exercises allow participants to act faster and more efficiently.
Including C-level executives on the data breach, the response team helps ensure that the data response plan receives the support and resources it needs. The involvement of the management shows commitment to data preparation and encourages the participation of middle and lower-level employees. However, for management assistance, IT managers should explain the consequences of a security breach in terms of the potential impact it could have on the business, and how a data breach response plan can help the business and lose revenue.
How to minimize data breaches
It is possible to minimize the risk of a data breach to accomplish data breach protection in your organization by following several best practices:
Current security software
Make sure the software is regularly updated and patched to avoid vulnerabilities that hackers can exploit.
Regular risk assessments
Perform vulnerability assessments to investigate changes or new privacy risks and fix them. Take into account all aspects such as B. Data storage and remote access for employees, and ensure that policies and procedures are in place.
Encryption and data backup
Personal data should at least be encrypted, including on work laptops given to employees. Instead of using backup tapes that can be lost or stolen, you can back up your data over the Internet to remote services.
Employee training and awareness
Train your employees to follow best practices, understand the importance of data security, and avoid mistakes that could lead to a security breach. Awareness of sensitive data and security should be part of the corporate culture.
Make sure that suppliers and partners adhere to high data protection standards
If you work with other companies who may be processing your customers’ data, make sure that they also have adequate systems in place to protect the data.
Third-party data security assessments
A risk assessment by a third party enables an objective and external view of the current risk of injury. A data security professional can advise you on the best business-specific solutions to reduce the risk of a security breach. It also shows a serious intent to ensure privacy.
In this article, we talk about data breach protection, the best strategy to prevent a data breach, and the top 6 methods to minimize the risk.