3 Reasons Data Loss Prevention is Necessary for Your Company

Data Loss Prevention

With the growing number of identity and data theft cases, organisations today have a lot to contend with. Malware, phishing, Trojan, ransomware, and similar cyber threats are becoming regular nuisances that have disruptive and long-term business consequences.

Data loss prevention (DLP) comes with a sigh of relief in such a tumultuous situation. It is a collection of tools and processes deployed to ensure that unauthorised users do not lose, abuse, or access any form of sensitive data. This is a technique that is completely committed to securing and preventing the illegal transfer of data.

DLP is there as a means of protection, because there is always a chance of the data ending up in the wrong hands, whether sent via email or website forms. Data loss management systems are used by organisations for—

 

  • Safeguarding the sensitive details of consumers and complying with relevant regulations
  • Protecting intellectual property, financial records or business secrets
  • Attaining visibility of data

 

Today, DLP has been made a necessity by many governments and industries. Let us research the reasons why avoidance of data loss has become an absolute necessity for all businesses:

Growing Attacks Outside

A firm still has something to lose, regardless of its size. Its product developments and future plans are of interest to rivals and other stakeholders. Thus, there are often opportunities for external intruders to breach security, leading to financial losses and reputational harm.

Yet, you get a 360-degree view of the use and flow of data and do everything possible to secure it by getting DLP technologies in place.

Threats from Insiders

Not all information loss is a product of external attacks. Insiders engage in a large number of attacks (high-ranking executives, managers, and other staff). Whether conducted with an intent or occurring as a result of accidental exposure, such attacks may become much more dangerous than outside attempted violations.

It is difficult to spot insider threats; hence, the use of DLP tools helps you identify files containing confidential information and prevent them from leaving through the network. To guard your precious files and records, it blocks all data transfers to USB drives and other removable media.

BYOD and IoT Unsuccessful Policies

Employee options have undeniably enabled thousands of companies to run more effectively by adopting IoT resources and Bring Your Own Device (BYOD), but organisations that have not operated sensibly in implementing and sustaining these policies have ended up doing more damage than good. They unwittingly end up revealing confidential data across all devices in the process of exchanging sensitive information across their personal cell phones and tablets. With DLP, however, the data in use or resting in storage can be monitored, effectively reducing the risk.

It is worth noting that the internet is never adequately stable. Each piece of information that is generated, stored, used and exchanged is vulnerable. That is why, in case you lose it, we suggest our readers to develop a habit of daily data backup and contact data recovery professionals to recover the old data.

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