Information Security: Why Is It So Important?
Yahoo recently discovered that in August 2013, more than one billion user accounts were breached—that’s on top of its 500 million accounts breached in September 2014. According to the New York Times, these attacks made for the largest known security breach of a single company’s computer network.
This isn’t the first time a data breach has made headlines—and it won’t be the last. So just what is it that makes information security so important?
Our increasingly digital world allows us to communicate more efficiently, share and store a wealth of information and connect with those outside our geographic “bubble.” But these digital networks and additional capabilities have created an increased risk of uncontrolled data discovery. Hackers will continue to fish for sensitive information, whether for their own personal interests or industry competitiveness, as long as companies have it.
In fact, the IBM X-Force 2016 Cyber Security Intelligence Index found that 52,885,311 cyber security events occurred in 2015 and 60% of all attacks were carried out by insiders. The healthcare, manufacturing, and financial services industries were the biggest to experience a malicious attack. Things are even heating up in the ransomware arena: Another IBM Security study found that ransomware attacks increased 6,000% this year when compared to 2015, and it’s expected to be a $1 billion business by year-end.
More than ever, it’s essential to have a security plan with secure records and data management standards in place. And it’s a new reality that companies must address since corrupted information can diminish consumer trust while jeopardizing their personal data.
So how can your business protect itself? To start, recognize that information touches every aspect of a business—from the technology itself to the personnel using it to its physical location. Because of this, your business needs secure document management.
It’s impossible to define the value of a business without data: The worth of information to a company is determined by its scarcity and share-ability. If it provides any advantage or utility, it’s valuable and needs protection. When you can streamline, manage, and retain your records you’re in control.
Once a workflow is automated and organized, you need secure document protection. Regardless whether it’s a virus, hacker or security gap, an exposure within the system can create harm for all parties and processes involved. Access to Social Security numbers, credit card information or personal account data can lead to fraud or identity theft. Luckily, you can avoid this with proper data storage and archive solutions. That way, you’ll receive secure self-service retrieval options, encrypted sensitive data and secure information in a long-term and auditable file.
In the past, cybersecurity was based on monitoring and detecting known attack patterns. But the same approach can’t be taken in today’s multi-dimensional world. Businesses have state and Federal Trade Commission compliance standards to follow, along with industry-specific data, security needs and safety exposures to address. Since these requirements can get confusing, you need to ensure you have all your bases covered in a legal and appropriate manner.
It’s simple: Every business needs a robust, comprehensive and personalized data privacy and information security plan in place.
Information security preserves confidentiality, protects data integrity and improves availability. A business with a security culture, in regards to both an overall mindset and way of operation, will enhance viability, minimize disconnect and prevent attacks. But because there’s no one-size-fits-all approach to information security and management tactics, it can get overwhelming.
No matter the solution, DocuLynx helps you analyze data to identify the best security approach within your company’s organizational context.