Data loss is one of the most serious problems a business can face in today’s digital workspace. Each person generates millions of bytes of data (2,5 quintillion bytes to be specific) as part of their mobile and desktop use in a day. This statistic highlights the importance of safe information storage and loss prevention in the context of a business environment, to ensure the continuity of companies in a landscape of rising cybercrime rates and ever-evolving hacking attempts.
What does Data Loss Prevention mean?
Data Loss Prevention (DLP) is a strategy that many businesses use these days to reduce the threats of their data becoming lost, stolen, or corrupted. It is an approach that includes the implementation of good practices and tools that can help companies prevent unauthorized access to their network and data systems. A very important component of a successful DLP strategy is the classification of policies according to the compliance standards known as HIPAA, GDPR, and PCI-DSS. In a case of a detected policy violation, DLP software can alert the responsible staff and initiate an immediate remediation process that includes encryption, data isolation, and other loss prevention steps.
What is the importance of having a Data Loss Prevention strategy?
DLP solutions are essential for all remote and hybrid businesses these days. Every sector is susceptible to data loss, be it confidential data such as health records, financial information, or other essential business records on file. The Healthcare, Legal, and Finance industries, for instance, are mostly governed by stringent data protection laws, the breach of which can incur unthinkable charges and repercussions on the liable businesses.
Apart from keeping data safe from breaches, DLP is also important for the functionality of platforms such as e-commerce sites. An example of possible data loss that can result in disrupted service integrity is the accidental deletion of a file, which supports the operations running correctly when customers are purchasing from the online retailer. Such incidents can prevent the business from generating revenue and affect their credentials with their customers.
Why does your business need a DLP?
Losing data can affect the day-to-day operations of a business by disrupting its operation for an average of 25 hours. This is a significant length of time for any company that relies on its systems to serve clients, accept payments and keep the whole ground running smoothly. That is why a DLP is essential for all companies that are dependent on their data processing capabilities, regardless of the industry and the nature of their work.
By handling and producing more data each and every day, organizations become more at risk of stolen data by malicious actors. Virtual workplaces that rely on digital data have become a lucrative target for hackers, who tend to use the information they steal to sell it on the dark web and make a profit. This puts your company information at great risk since you never know who buys your data and what their ill intentions are, to begin with.
DLP solution for your business
There are different DLP tools and strategies that can meet the needs of our business customers. Depending on the business, its budget, and data loss prevention requirements, a DLP provider should be able to provide its client with a bespoke solution that considers every information safety criterion in their checklist. When requesting a consultation, companies like we-IT look at the endpoints that require protection as well as the ways of sharing and accessing files within your organization. The idea is to provide the client with a comprehensive solution that does not slow down their operation while it prevents data loss through detecting and immediate response to risks.
To find out more about DLP solutions and inquire about a strategy that matches your business model, do not hesitate to contact our team!