Online Data and Security is an application that protects our personal information from unauthorized access. It covers everything from encrypting data to securing a computer system from cyberattacks. It’s a crucial aspect of modern day economics and our daily lives. As the global economy continues to grow, people use social media and as technology is advancing with advances in technology, an unfathomable amount of data is created and transmitted.
Data breaches are a regular situation that can be devastating to businesses and individuals. According to an Ponemon Institute study, the average cost for repairing the breach is $8,000,000. The cost of lost trust and brand reputation could be even higher.
To safeguard data the first step is to determine the risk https://dataroomfactory.com/virtual-data-room-features-for-deal-management/ level. This is achieved through the data discovery and classification process. This involves scanning your data repository to find sensitive information, then labeling it to define who has access to it and why.
The next step is to avoid data leakage which is the stealing or leakage of sensitive data usually through an unsecure network connection. There are a variety of free and easy to use tools on the market including password managers, VPNs, and encrypted storage solutions. It is important to enforce strong passwords and to require multi-factor authentication for all services.
Finally, it’s important to have redundant systems in place for preventing the loss of data due to natural disasters or attacks to local servers. This can be accomplished through physical replication to an offsite data center cloud or using software like Acronis Cyber Protect.
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