As the role of technology in corporate operations grows, security vulnerabilities—data theft, leakage of intellectual property, corporate sabotage, denial-of-service attacks—are growing. The damage from attacks like these can affect a company’s profits, reputation, brand, and competitive position. The damage can even affect a company’s viability, as direct costs for data breaches can reach hundreds of millions of dollars.
To fight back, companies must understand the risks they face and develop robust protection systems.. Each transaction should be traceable to an accountable person. The origin and history of each piece of information should also be known and well defined.
To ensure security success, executives should also:
The world’s data store doubles every two years, which means your business data is growing just as quickly. To manage and secure such large volumes of critical business data, you have to understand it. Ask yourself:
What risks does your data pose? Evaluate the data by asking:
Develop an approach to information security. Find answers to the following questions: