Keeping Business Data Safe While Working From Home
Today we live in a world where everything and everybody is interconnected. Technologies like cloud, automation, artificial intelligence, robotics…to name a few, have made life much easier to stay connected with one another, both at an individual and at an enterprise level. But these advancements have also brought with it security threats which can post significant threat to data, confidential information and the likes. Fortunately a host of antidotes are available the basic ones being Firewalls, antivirus software, anti-spyware software and password management software. Over and above these, there a host of tools / activities, which when diligently followed can have a significant impact on staying secure.
Here are some ways to keep data and business cyber secured.
1.Encryption of data and creating back-ups:
Two most important aspects in staying secured are to (1) prevent sensitive information / data falling into the hands of hackers and (2) rendering the data useless if it falls into the wrong hands.
It is here encryption plays a significant role addressing the issue. In parallel, creating a robust data back up to fall back upon in the event of any breach.
2.Safeguarding the hardware:
Much has been spoken about security the software aspect. Theft of computers / laptops can also pose a threat. It therefore becomes important to secure the hardware system as well with a complicated and difficult-to-break-into password. Virtual Desktops on the Cloud gaining popularity amount enterprises and eliminates the aspect of hardware theft.
3. Cyber Security Insurance:
A relatively newer concept, insurance for data, is gaining popularity. As of end 2019 cyber security was valued at USD 1.97 Bn with a projection to be a USD 3.05 Bn by 2022. According to a joint study by PwC India and Data Security Council of India (DSCI) showed that the average cost of a data breach in the country has gone up to INR 11.9 Cr, an increase of 8% from 2017. The losses incurred due to breaches can be best mitigated by investing in cyber security insurance. It is estimated that the yearly cyber premium is in the range of Rs. 80 – Rs. 110 crores with IT/ITES and Banking & Financial sectors as early adopters.
Internally, creating a security –focussed work place culture and educating all employees about the pit falls of an unsecured network makes it binding on every employee to be responsible for data security.
Author: Pratap Simha, Founder and CTO, TechChefs
This article was contributed to Startup Talky and appeared here first.