The Prevalence of Data Breaches

Data breaches have been a business risk for as long as we have stored information. However, our growing dependence on digital services, cloud computing, and remote working has made this threat rise exponentially. The chance of a business experiencing a data breach within a two-year period is now almost 30%.

The Business Risk

The average data breach now sets Australian businesses back by AU$3.3 million. Without your business-critical data, your organisation will struggle to operate as normal and subsequently lose revenue. And, if you need to recover and restore that data, more money and time will be poured down the drain. Meanwhile, exposing or losing personal data can also impact your reputation and subject you to legal actions, fines, and lawsuits.

Your Defence Strategy

It is vital that every firm puts in place prevention and protection methods to reduce the risk and minimise the impact of data loss. Security controls should include:

  • Prioritising and controlling data - determining which data is most business-critical and sensitive and controlling how that data is used.
  • Managing and monitoring access - enabling adaptive access controls and gaining real-time visibility with contextual awareness.
  • Educating and training users - helping employees to understand what data shouldn’t be shared and the potential consequences of their actions.
  • Establishing secure backups  - ensuring there is always a secure, off-site backup in place that can be used in the event of a breach.

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Solving complex cybersecurity challenges comes with some serious business benefits.

To win the cybersecurity battle and protect your business, you need to connect next-generation technologies with business policies to create a robust security ecosystem. It’s no mean feat, but with the right support, your business can thrive.

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