A sound and thoughtful data security strategy can make all the difference in a business environment, helping organizations protect one of their most valuable assets from cyberattacks: data.
Why is business data security important?
In the digital age, data reigns supreme. These days, every business handles data in one way or another. Whether it's a financial institution handling sensitive customer data or a sole proprietorship collecting customer contact information, data is an important component for every business, regardless of size or industry. Data informs decision-making, improves efficiency, enables better customer service, and plays a major role in marketing.
With growing public awareness of the importance of data macedonia phone number list security and the introduction of more and more data-related laws and regulations, businesses are challenged to create secure infrastructures and processes to handle massive amounts of data.
Data security software management strategies are simple to implement, such as through digital security training or centralized password policies. Implementing a corporate password manager can significantly improve an organization's security practices. While high-end software can significantly improve an organization's security strategy, employee awareness is often the determining factor in its effectiveness.
Without a secure perimeter in place, data breaches are common, resulting in substantial fines and reputational damage. According to IBM's 2023 Cost of Data Breach Report , the average cost of data breaches worldwide is estimated at $4.45 million. It's not hard to imagine how a data breach could lead to the bankruptcy of a company.
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