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Business data protection challenges you need to know

Technology advances at breakneck speed and changes our work processes. We live in the digital age and already most documents, data, invoices, etc. are completely digitalized. Data and information have become essential assets for the survival of each company. Increasingly, businesses need systems that operate in real-time and 24 hours a day.

All companies, large or small, make use of technology, from cash operations, to contact customers. That is, all SMEs should be concerned about the possible loss of information. 80% of companies that lose their data end up disappearing. Even so, most companies are not aware that investment in backup and data recovery is a latent need in terms of time economy and agility to ensure business continuity.

Importance of data protection for companies

In the times of the Information Revolution, the new currency is no longer the money itself, but the data. The importance of understanding how to protect a company’s data is a complexity that has resulted in the proliferation of services and products oriented to this specific aspect.

The data recovery and backup mechanisms let companies create and manage their solutions for disaster recovery for virtualized existing infrastructure. Data is the most important resource for companies.

The data protection and recovery services are adapted to the needs of each project and client allowing online replication from your own data center almost synchronously, so the loss of information in case of contingency is minimal.

We are going to name the 4 business data protection challenges you need to know.

1. Data is everything

No company is safe from suffering some kind of incident or disaster, information theft, human errors, data loss due to natural disasters, equipment failures or hard drives that store it. There is a long list of risks. 

Data is the most important asset of companies. The manipulation and apt usage of data generate knowledge and help us gain a competitive advantage for business, from customer names, sales, accounting information, etc. Ensuring the company data security is essential, most companies that have lost their data end up closing.

2. Reliance on inadequate backup solutions can be risky

Ignorance can lead companies not to consider an adequate investment in business continuity solutions. Business needs to realize the fact that going for inadequate data security solutions can expose their most valuable asset to a great risk. 

Higher costs lead companies to look for cheaper solutions, such as making backup copies on CDs, hard drives, or pen drives. This is a big risk and your company’s valuable data can end up being lost or corrupted in such data protection options. Creating an automated routine is the most effective way to guarantee data protection.

3. Available all the time

Your data has to be available all the time because the companies are operational online. To launch an online business, companies must be prepared, data must be always available and accessible to the systems. Only through an effective data recovery plan that can combine security and contingency can companies and businesses of all levels survive disasters and dangers to data without compromising business survival.

In recent years, businesses are dynamic and have all sorts of versions like mobile platforms, social networks, Big Data, Analytics, and even cloud technologies.  Access to data and applications across different platforms is indispensable for a successful business. For an entrepreneur, it is important to always be available to satisfy clients, but the combination of adoption of new technologies with new business needs creates an environment conducive to data chaos, regardless of the size of the company.

4. Cyber Crime

We have already entered the last quarter of 2019 and security strategies have evolved at the same rate at which threats have been changing. In fact, since 2018 we have been observing advancement in many types of threats and new trends that have put in check many critical infrastructures of companies, including states. 

Reliable websites have been compromised and cyber attacks have distributed malicious content without control. These types of attacks use a trusted provider as the source of the harmful distribution. It limits the surface of the attack, without being clear about the real objectives of the threat.

The importance that both companies and states give to the data is indisputable. It is that in a process of digital transformation, the data is one of the key elements. Cybercriminals are aware of this importance and, therefore, in recent years attacks against personal and corporate data have increased intending to commission crimes, steal corporate identities or cyber espionage.

  • Propagation of malicious code

The spread of malicious code is a very worrying element for most companies and businesses, who consider that email is one of the main sources of concern regarding cyber-security. That is why email traffic with malicious code has accounted for more than 60% of worldwide email traffic during 2018.

Despite observing a downward trend in these types of threats, it remains a profitable threat to cybercriminals who, according to various estimates, have caused losses of up to 880 million dollars. A figure not negligible achieved through applications with mining software, malware.

Save your data!

If your company, unlike large corporations, does not have large amounts of money to spend on data protection and recovery, these technological tools you can use to protect your data and that it is scalable at the same time as your business grows.

 

  • Multi-factor authentication (MFA)

 

It is possible to obtain a hardware authentication device from a reputable manufacturer, which can be of great help to secure things. There are also a lot of software options. Also, if your company grows tomorrow and needs something bigger and more complex, you can continue using this technology that is very difficult to violate.

 

  • Password Management

 

The important thing here is to choose something that has a good security reputation. Normally, password management tools are cheap or free and offer the possibility of integrating them into large systems.

 

  • Mail encryption

 

Nowadays it is possible to download free or cheap price software which can be used to electronically sign mail communications, making it virtually impossible for an adversary to perform what is known as email spoofing. You can also fully encrypt communications by mail so that an attacker cannot intercept their meaning. If a recipient receives a mail supposedly yours and does not carry a cryptographic signature, he probably senses that something is not right.

If you are running a business that has critical and private data you need more secure and specialized tools for data recovery and security.

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