Defend your Data | Cybersecurity

2 Aug

Cybersecurity must haves to defend your data

If you are a regular reader of our blog, you’ll know that we’ve been  sounding the alarm about the rising tide of cyberattacks targeting SA companies and other institutions. Several large data leaks affecting well-known brands have been dominating the tech headlines since late last year, serving as a strong reminder that cybercriminals won’t be going away anytime soon but it’s never too late to defend your data.

In order to ensure the safety of your business data, it’s essential to take a holistic approach to dealing with online threats and resolving them from a data and financial point of view.

Here are some things  to consider when protecting sensitive information from hackers and online criminals.

ransomware: the threat is real

The Veeam Ransomware Trends report for 2022 reveals  that 9 out of 10 companies have experienced a ransomware attack, with one third of the data involved being unrecoverable.

  • In the case of large companies, ransomware attacks can be especially costly, with each incident involving an average of R7 million in ransom. Even if the company refuses to pay this type of amount, the damage to their brand and reputation could easily exceed it.

insure against cybercrime losses

No business would operate without physical insurance covering their premises and inventory. Yet many companies are inadequately insured against cybercrimes, exposing their owners and shareholders to costly financial losses.

2022 is the year to review your backup plan and your business insurance. It’s time to take a stand against cybercrime by protecting your business from cyber threats, and ensuring that if you’re security is breached, you are insured for any financial losses resulting from stolen data, lost sales, and damages claimed by customers whose information is lost in a data breach.

make sure your company is POPIA compliant

The Protection of Personal Information Act places extensive obligations on businesses to protect their clients’ information.

  • While ensuring your business against these losses as mentioned above, it is essential to ensure that you comply with the new law and take all necessary measures to protect your customers’ data.
  • This includes asking for permission to store and distribute any sensitive information that comes from your client base.

make secure cloud storage the backbone of your cybersecurity preparedness

Taking a simple step such as backing up your data in the cloud and encrypting it could help protect your sensitive information from cybercriminals while minimising the impact of a data leak or hacking attempt. Insuring your business against such an attempt or loss of data is a secure backup to your online backup.

To learn more about secure cloud storage and how it can benefit your business visit our website or contact us today.

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