A data breach is becoming a crucial factor for every business. Companies need to take extra precautions for protecting their confidential data. If any kind of infiltration occurs in the data security, companies will face huge losses, and they need to even pay fines. The cases of data breach victims are increasing even with stricter restrictions and regulations. Find the best way for your digital identity protection and protect your business from cybercriminals.
What is a data breach?
When your data source is infiltered and sensitive data is theft, it is called a data breach. The ways of stealing data are numerous because the digital age imposes serious security threats on protecting data. Your data can be stolen by accessing your computer or a network or breaching your network security.
It is a cyberattack where sensitive information or protected data has been unethically accessed or disclosed. Any type of organization can experience a data breach.
Generally, cybercriminals use a few ways for bypassing network security or data security. These are:
- Research: They first target the weaknesses in a company’s security. They may use people or try to find out loopholes in systems or networks.
- Attack: cybercriminals start their action with a network or social attack.
- Network/social attack: A network attack happens when unauthorized people use infrastructure or application weakness to enter an organization’s network. The social attack involves targeting employees or people for unethical access to a company’s network.
- Exfiltration: when they successfully breach the network, they access the confidential data of the system. Hackers extract data in this way.
The causes of the data breach:
Data breaches can be of different types, but such kind of activity is always attributed to loopholes in the system. The causes of a data breach, include:
- Weak login protocol
- Social engineering issues
- Malware or ransomware
- Stolen hardware
- Lack of access controls
- Back doors
- Insider threats
- User errors
What type of data is stolen:
In this digital age, the most valuable thing is data. It can be of many types. Hackers target some common types of data to make money out of it. So, data can be:
- Business related
- Medical or healthcare
- Government or military
- Banking, credit, or financial
No matter what type of data is stolen, a company or an organization experiences huge losses. Data breaches cause big damage to a business. You must pay strict attention to digital identity protection.
Damages caused by data breaches:
Data breaches need further approaches beyond just changing the password. When your company suffers from the issues of a data leak, it may cause big issues with your reputation, finances, and more.
For business organizations: it affects businesses’ reputation and financial health. Reputed companies like Yahoo, Equifax, and more such names experience data breaches in the past.
For government organizations: when data security gets compromised in government organizations, the results can be more devastating than you expect. Confidential data can be exposed or sold to foreign parties, and it may cause a threat to the national security of a country.
For individuals: identity theft is a big issue, and many people became a victim of this problem. Besides, data leaks will disclose everything from bank details to social security to unethical people. Many unlawful people also fraud by taking someone’s name, and such incidents happen many times. You need comprehensive monitoring for protecting your data. There are various companies that offer data security services.
How to prevent data breaches:
There is no general process that can offer entire data security. But, some effective practices will minimize the risk of data breaches and protect your data from theft and other problems.
Here are some simple security basics that you can apply to the network.
- Opt for the vulnerability assessment continuously.
- Penetration testing
- Applying malware protection for security
- Using a strict or unique password
- Using needed software patches for all systems
With these steps, you can stop infiltration. However, the most effective approach will be encrypting sensitive data, no matter whether you use it in the cloud or on your business premises.
Another thing that may protect a company from data breaches is the well-written security policy for employees. You can conduct security awareness training for educating your staff members.
Companies also need an incident response plan that they can implement when their organization experience data breaches. Through this plan, you can notify the reasons that cause the data breaches, and it helps you rectify the problems in the future.
The Acid is a dark web monitoring company helping you stay protected from cybercriminals and hackers and maintain digital identity protection. The company gives you real-time data about your security threats and shows you detail about hackers who want to enter your network even at their planning stage. So, you can build strong protection with Acid for your business.