Data Privacy Week: Top data risks every business should address

In conjunction with Data Privacy Week, a global awareness campaign is being held from January 24 to January 28 to foster trust, protect data, and safeguard privacy. In the developing digital era, gathering and sharing personal information about millions of individuals goes unreported and negligent. Data Privacy Week aims to stimulate dialogue and give people and businesses the confidence to take action. Data Privacy Week was established by the National Cybersecurity Alliance to raise public awareness of online privacy issues and instruct people on handling and safeguarding their personal information. Businesses are also encouraged to secure data and become more transparent about how they gather and utilize consumer information as a result of Data Privacy Week. The Arete Incident Response team discusses the top 3 data risks every organization should be aware of in this post.

Loss of Data

A data-centric strategy is necessary to keep pace with innovation, data accessibility, and compliance monitoring, along with data loss protection. In order to protect and maintain the privacy of a business’s most valuable resource, data loss prevention (DLP) is essential. By using this method, data owners and security teams can safely recommend data loss prevention (DLP) within their organization.

Inadequate knowledge of Data Loss

The biggest threat to the cloud security of a business may be data leaks. A growing number of firms are discovering that their cloud computing capabilities are vulnerable to reputational and financial penalties arising from the regulatory and legal fallout that follows data breaches.

Ransomware attacks

Ransomware attacks are among the few cyber threats that receive as much public attention and general concern. Small-to-midsize businesses (SMBs), as well as local governments, are targets of these more common and expensive online cash grabs, which are driving up the number of these cyber threats. Additionally, many ransomware threats occur at the user level because phishing techniques and other harmful communications enable these major cyber threats.

Cyber risks are also shifting as businesses move toward a digital strategy while balancing a hybrid work structure and pushing every aspect of their operations to the cloud. As per recent reports, the cyber threats are growing, spilling into the mainstream 2023 will see leading organizations investing heavily in updating or establishing more robust cybersecurity policies and procedures, monitoring attack surfaces, and enabling security automation. Team up with incident response, digital forensics, and data restoration teams to proactively identify and eliminate threats in networks, reduce the attack surface, close security breaches, and recover critical data.