The security risks of local data server

shape
shape
shape
shape
shape
shape
shape
shape
The security risks of local data server
22
Apr
The security risks of local data server

What is Data Security?

Data security is the process of protecting corporate data and preventing data loss through unauthorized access. This includes protecting your data from attacks that can encrypt or destroy data, such as ransomware, as well as attacks that can modify or corrupt your data. Data security also ensures data is available to anyone in the organization who has access to it.

Some industries require a high level of data security to comply with data protection regulations. For example, organizations that process payment card information must use and store payment card data securely, and healthcare organizations in the USA must secure private health information (PHI) in line with the HIPAA standard.

But even if your organization is not subject to a regulation or compliance standard, the survival of a modern business depends on data security, which can impact both the organization’s key assets and private data belonging to its customers.

Whitepaper: Meeting Data Security Challenges in the Age of Digital Transformation.

Why is Data Security Important?

The Ponemon Institute’s Cost of Data Breach Study found that on average, the damage caused by a data breach in the USA was $8 million. 25,575 user accounts were impacted in the average data incident, which means that beyond financial losses, most incidents lead to loss of customer trust and damage to reputation.

Average cost of data breaches is the highest in the USA.

Lawsuits, settlements, and fines related to data breaches are also on the rise, with many governments introducing more stringent regulations around data privacy. Consumers have much more extensive rights, especially in the EU, California, and Australia, with the introduction of GDPR, CCPA, APP, and CSP234.

Companies operating in regulated industries are affected by additional standards, such as HIPAA for healthcare organizations in the USA, and PCI/DSS for organizations processing credit card data.

In the past decade, social engineering, ransomware and advanced persistent threats (APTs) are on the rise. These are threats that are difficult to defend against and can cause catastrophic damage to an organization’s data.

There is no simple solution to data security—just adding another security solution won’t solve the problem. IT and information security teams must actively and creatively consider their data protection challenges and cooperate to improve their security posture. It is also critical to evaluate the cost of current security measures, their contribution to data security, and the expected return on investment from additional investments.

new risk