While the use of data across sectors has increased efficiency, it has also brought about many threats both small and big that organisations ought to take seriously. Cyber security is an integral part of guaranteeing survival in the modern world.
Issues surrounding cyber security are becoming more prominent with digitization. According to the 2017 Ponemon Institute report, the percentage of small businesses that experienced a cyber-attack in the past 12 months rose from 55% in 2016 to 61% in 2017. The same report also highlighted the fact that cyber-attacks cost an average of $2,235,000 for small and medium-sized businesses (SMEs).
Cyber-crime is big business and recovering from a breach will always cost more than protecting the company from one. For organisations to adequately navigate the threat environment, securing data the right way is crucial. So, what is considered best practice when wanting to keep valuable data safe?