A Guide To Protecting Sensitive Business Data

A Guide To Protecting Sensitive Business Data

Each year, we’re witnessing growing trends of digitalization and connectivity. However, the more data businesses are storing digitally, the more exposed the data is to breaches.

Each year, we’re witnessing growing trends of digitalization and connectivity. However, the more data businesses are storing digitally, the more exposed the data is to breaches.

Data breaches can have far-reaching consequences, from revealing sensitive information to public eyes and compromising your reputation to massive financial losses.

_According to _IBM’s Cost of a Data Breach Report for 2020, the average cost of a data breach is $3.86 million and it takes 280 days on average to identify and contain a breach.

When it comes to sensitive data, the stakes are simply too high so you need to handle it with care and do everything you can to protect it.

Classify your data

Data classification is the first step to successfully protecting your sensitive business data. Before you start creating security policies, you need to know what types of information you have in your arsenal.

_Keep in mind that _not all data is equally sensitive. Some information can be public, while you want to keep other data strictly confidential and restricted.

Once you’ve determined the different levels of data sensitivity, you can direct your resources into protecting only the information that needs to be kept from the public eye.

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