Saturday, September 24, 2022

Aussie business has changed irreversibly in the past three years, with remote work now deeply ingrained in our operational standards. And, whilst most team members love the freedom this new standard presents, it does actually put companies at higher risk of cyber attack – this makes sensitive data discovery an absolute imperative!

With this in mind, we thought we would share a little information on data discovery solutions and why your business needs one to fend off the scumbags of the internet:

The fundamentals

Data makes the business world run at ultra speed, with its increased velocity impacting every business that graces Australian shores, regardless of size or industry. The collection, analysis and storage of information is imperative to any business’s success, but it is also fraught with complexities when it comes to confidentiality and security, especially when you consider the large pools of information a business has to maintain.

Highly regulated industries like healthcare, insurance and banking require unconditional security to handle such high velocity information. Given that the Aussie operational standard is now becoming one that shares its locale with the home, the complexity and frequency of cyber attacks is an ever-present danger.

For this very reason, the data discovery solutions are a fundamental requirement as businesses must be able to identify and handle this sensitive information without the threat of some sneaky keyboard creeps getting a hold of it.

So, what qualifies as “sensitive data”?

Basically, it is any information that has to be guarded from unwarranted disclosure or unauthorised access to maintain its security and that of the individual/enterprise.

Such information can include banking details, card info, healthcare info and private addresses, just a little iceberg tip. Sensitive information exposure can arise from manual errors, software flaws and weak encryption – any one of these errors can create a smooth path for cybercrims to do their evil bidding on the internet. In all seriousness, such breaches can be outrageously costly, with businesses often struggling to regain their position from before the disastrous attack.

What are the benefits of such solutions?

These strategies are designed to allow your business to collect and analyse information from multiple sources with the end goal being to classify and secure your sensitive information. One single informational breach can ruin years of trust and reciprocal loyalty between client and company, so it is imperative to detect, classify and remediate wherever applicable, not only to maintain client trust but also to handle the various financial and legal problems that can arise from such tragic breaches.

Utilising one of these imperative strategies can help simplify this otherwise complex process and secure information to the highest capability. Enlisting a strategy works by identifying both structured and unstructured sensitive information across the cloud infrastructures and corporate networks, allowing users to analyse, track, classify and report on file content.

Companies can also use the remediation feature to delete, mask or truncate the found information, therefore allowing for faster regulatory standards compliance. These features are wonderful for the banking and insurance sectors, but can also be applicable to any business that requires optimised informational security, especially when it comes to the security of their clients’ information.

For these reasons, it is easy to see why you would want to have one of these strategies in place at your company, regardless of its size. It will help optimise informational security in a way that couldn’t be done before this solution came about, and that is something that cannot be overlooked in modern business.

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