The data held in every business is valuable, and in the prevailing hyper-competitive business environment, all enterprises are looking to leverage and monetize the information it holds to the maximum potential.
The threat landscape is exploding at an unimaginable pace. Cybercriminals are discreetly finding new ways to invade the most sensitive data from networks and to gain access, plant malware and launch a remote attack, and cause disruption to the organizational security. Safeguarding business data is a huge challenge for businesses today.
This disturbing upward trend in cyber-attack and data security incidents is prompting organizations to improve their security standards in every aspect to protect data and combat security breaches. Right from training employees to formulating robust security policies, organizations are setting up various strategies to secure data and assets that are critical to business operations.
“Enterprises have been able to gather, store and process data available in their business environment and to also use it for business purposes using big data analytics with reasonable success rates. This has made them realize that big data across their business environment is a valuable asset and needs to be well protected.
As a consequence, in addition to various legal requirements, most organisations take steps to protect their business data, assets and critical infrastructure with real time visibility, detection and remediation of threats. Information security policies, vulnerability analysis and mitigation procedures, updated cybersecurity solutions, training in-house staff and various other aspects are being revamped and recalibrated,” said Sriram TV- Director – Consulting & Business Development, Juniper Networks.
Data protection has become one of the top agenda for enterprises to remain competitive and profitable in their respective businesses. Traditional signature-based defense mechanisms are not enough to defend against sophisticated attacks. To battle against advanced data security risks, organizations must adopt proactive threat intelligence and mitigation strategies.
Importance of Securing Data
“The world of data security changes every day. Not only are there new threats from hackers, but changes in how we work are fundamentally shifting how we need to think about protecting important information” said Anjali Arora, SVP and Chief Product Officer, Rocket Software.
According to Gagandeep Singh, Practice Head, Risk Advisory Services & Security Intelligence and Operations, Aujas, organizations are realizing and recognizing the risks they are exposed to when it comes to their data which is leading to a more matured and considerate approach towards the data protection. Our industry and professionals do use data protection and data security interchangeably, however, they happen to be similar but two different terms one more encompassing than the other. The approach the most matured organizations have taken or may take would consist of the following steps:
Data Protection Policy
- Involvement of business owners who also would be the data owners
- In-Depth understanding of critical and non-critical data
- Data Classification and labelling
- Data Flow Analysis
- Data Leakage risk assessment