Breaches in data security have been occurring for a long time now, but these days (without the help of employee monitoring devices), these leaks are occurring more and more frequently. Criminals and saboteurs are walking that extra mile to get a company’s sensitive, critical and valuable data and information.
Data Leaks are Not Exclusive to Large Companies.
This may come as a surprise to some but getting data breaches is not an incident that is limited to big companies. The truth is that almost 60% of data leaks occur in small businesses. Hackers can gain entry to the business’ systems and siphon out the information that they want. Or a disgruntled employee could get hackers the log ins to the system or give out the information outright to another entity, inadvertently or deliberately. It doesn’t matter how, a leaked data is as good as lost.
How Important is Data Security?
As mentioned above, small and big businesses are both prone to data leaks and security breaches. But in terms of vulnerability, information that bigger companies are dealing with are far safer than those of smaller companies. It is because small businesses have more limited resources to invest in tools and people that could help handle attacks on their data. Plus, people are getting more creative in finding ways to rid companies of their information so small companies with limited budgets also have a smaller chance of protecting their data than big companies.
Here are Some of The Reasons Why Data Security is Crucial for Companies.
Avoiding the loss of physical data. Being involved in a data leak means that your company can lose data which can be very valuable for your company if you want to continue operating. That is why 70% of these companies don’t survive after losing key information to competitors and saboteurs.
Keeping employee and customer information safe. Data leaks will put your employees’ or customers’ information in a compromising situation, and expose any data that should otherwise be kept secret from the public like protected health information and other personal data. They may be able to sell this data to other people which can then be used for other purposes like identity theft.
Protecting intellectual property and any revenue that results from it. Every company has a secret recipe, so to speak. KFC has their blend of 13 herbs and spices, Apple has their walled garden, and others have something of the same sort. If some hacker or employee were to leak this data to competitors, any advantage that the company has over their competitors will be severely reduced. Their slower competitors will be able to catch up with them and maybe overtake their sales.
It Helps Retain The Trust of Their Customers.
Every client of every business shares business, personal, and financial information in order to do business with your company. Being a victim of a data leak makes your company look less secure in their eyes, and you may eventually lose your clients. They are doing business with you because they trust your business. If you’re victimized by a data security breach, that trust will be lost and so will their business.
Don’t let data security issues bring your company down. Learn about how Highster Mobile can help you overcome these issues by visiting our website https://highstermobile.com/ right now!