Everything is a negotiation, according to negotiations consultant, Christopher Voss. While that might be overselling the case, it certainly is true for new cybersecurity initiatives. Even when the case is clear for a new initiative, getting the green light is not.
The cybersecurity threat landscape isn’t getting any easier. From AI-driven cybercrime to phishing attacks and the prevalence of personal devices in the workplace, cybersecurity professionals have an increasingly long list of threats to manage.
An almost equally surprising stat is that only 23 percent of businesses extensively use automation for data security, one of the most important ways for warding off data security and compliance issues.
First, there is the reputational damage that comes from leaked data. Then there is the cost of cleanup, which typically runs between $3.86 million and $8.64 million.
Financial institutions face a laundry list of compliance obligations when it comes to business data. Meeting these obligations is far from assured in the age of cloud services, employees working from home and rapid digital change, however.
Data compliance is a task that all companies face in light of increasing privacy regulations. For firms in the financial, medical and other more heavily regulated industries, though, the burden of managing data in specific and narrowly prescribed ways is even more pressing.
The door has been opened. Even when work life returns to normal and the pandemic is nothing more than a historical documentary on Netflix, work probably won’t look exactly like it did circa 2019. The #WFH tag will disappear, but working from home likely is here to stay. That’s because even though the office will… Continue reading Mitigating Data Security Issues in the Age of Work-from-home
Hacking attacks and cyber espionage capture the headlines, but the real danger for organizations, whether financial firms or retailers, is the spreadsheet casually left on an insecure personal computer, the password on a sticky note, the email clicked that should have gone unopened.
Each day, your organization creates thousands if not millions of files and records containing corporate data. Some of this data could escape into the wild and nobody would particularly care.
Classifying data is an essential component of corporate cybersecurity and compliance.