The Privacy Clearinghouse’s Chronology of Data Breaches enlisted that there are 3,671 cases of data breaches that are reported since 2005. These 3,671 cases of data breach have affected more than 650 million of records. These cases include:
- A theft of credit card, bank accounts and other information by a worker, the theft solely affected 8.5 million records.
- A laptop that contained information like social security number, date of birth, and other confidential about former employees of the company got stolen.
Today, the majority of the companies like to keep personal information of the clients as well as the employees. The recent studies of The Institute of Ponemon shows, misplacing of or theft of laptop, USB flash drive, use of malware software and any other kind of data breach results in a loss of $5.5 million on an average. The direct or indirect cost on a data breach may cost up to $194. The cost also includes a blow company’s goodwill, dent to brand and internal investigation. Loss of goodwill is might be the biggest injury to the company.
To protect a company’s reputation, hold cost and try to stay within the law. The main causes of data breach are; lack of experience, lack of data privacy and careless attitude regarding portable drives and other things. A data breach due to the loss or theft of laptops, USB thumb drive, memory card or any other portable data storing drive can cost $23 per record loss. If a company use software that can lock folders, be quite handy to protect data from breaches. A company can designate particular jobs to a particular person, such as: keeping eye on data safety. Business and client records are the major assets of a company. Rival companies can spend hundreds of dollars to exploit the business plan of the competitor. Data security should be one of the top most priorities of the organization.
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According to data loss open security there were more than 500 cases of data breach were recorded in the year of 2008.These data breach cases are increasing as days are passing. Not many of the record loss cases are reported or catch the attention of the media and other sources. The biggest data loss incident was about TJX’s loss of details of 94 million credit cards and costumer details as per data loss open security. The cost of data loss is extremely difficult to estimate. The reported number of data breach cases is just the tip of the iceberg; the majority of such cases never grab anyone’s attention. In the present year, more than 1400 cases of data leakage have been reported, it is a clear indication that threat to records have been increasing day by day.
Over the past decade or so, companies have got aware of the importance of data security. They have invested a reasonable sum of money to prevent data theft. They are trying to enhance their record’s security physically, such as; better screening system over data, increasing security around their database and using data breach prevention tools. One of the major threat to data security from the portable data storing devices like USB flash drive, memory cards, CDs and DVDs and external hard drives. Almost 40 percent of the data loss occurs due to the theft or misplaces portable data storage. Another interesting fact is that more than 20 percent of the data is leaked by organization’s own employees. They usually plug in their portable drives and copy data on them. This breach can be restricted by using copy protection software.
The cost of data loss is immeasurable; however, loss of goodwill is the biggest effect of data breach. Another impact on business occur due to data loss is the decline of share value. Businesses try to hide any sort of breach of data as they are more concerned for their reputation. If any news about loss of records of the company leaks in the market, it can harm company’s character big time. There is a fear of losing the sympathy of their clients in case of any mishap regarding data security. The effect of such data breach can be so severe that firms opt to change their business completely. But not small investors have this option to get their way out.
Organizations should be aware of the measures that they are taking for the security of their records. In the economic cycle, the recession period is a season for data theft and breach. Companies should at least keep their data security software and security measures up to date. Currently recession phase is on—a number of attempts to steal data have been reported. Another kind of data breach that companies suffer is from their ex-employees. They take business’ sensitive information with them; sometimes intend to sell them to the rivals and other time just accidentally they forget to return it.
IT department of companies has a major role to play here; they should track all the activities regarding companies’ record. Effective measures to make sensitive information inaccessible from prying eyes ought to be taken. Organizations are advised to keep lesser data in their database, only needed and essential data should be kept in computers’ memory. When the purpose of a file or folder is accomplished it should be transferred to some other storing place.
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People like to keep their tons of information on their hard drives of a computer or in other portable data storing devices. A phobia is generally found among persons, who like to save their data in virtual form, is that they will lose their data or it will get stolen. The majority of the people try their best to secure their data but fail to do so. They try to secure their sensitive information by applying orthodox techniques. Unfortunately, these techniques are not capable enough to secure their data, especially against a person who has some reasonable expertise in computer operations. The user can make his/her data secure by using software that offers some of the following features.
The core function for data security software should be is copy protection. Software must be able to restrict access from unauthorized users who are trying to access confidential information. Using such kind of software can make a person stress free from the pressure that his or her data will be stolen. He/she can access the data with
Copy protection software should be able to prevent confidential data from leakage. According to some researches, almost 55 percent of the companies suffer some kind of data breach. More than a Thousand cases were reported in the year of 2008 and more than Four Hundred cases have been reported since the start of this year. Data breach can cause even bigger losses than losses anticipated. Copy protection software make available the foolproof security to your data, even while transferring it from portable storing device to the other medium of storage and vice verse. It can increase the confidence and credibility of the data.out any worry about getting it lost. The software prevents data from duplication; in essence, preventing others from copying the author’s original information. Preventing duplication may result in an increase in revenue. If the person who wants to make his/her data secure is a photographer or a director, his nightmare would be the pirated copies of his creative effort. This kind of software can make illegal distribution of files and folders impossible. It is really a moment of pain when a creative person sees his art work with somebody else’s name.
At the end of the day, the software he/she is using ought to be user friendly and hassle-free and reliable data protection. The majority of the persons do not possess proficiency in computer functionalities. Consequently, using copy protection software allows you to access your files. Edit it, read it or do whatever the user wants without compromising data’s security. The reliability of data’s security gives the user the sigh of relief. Software that is portable and allows the user to run the software from anywhere should be preferred.
Using such software that can give the data protection from being copied, gives the liberty to share his/her piece of work without any fear of getting it stolen. No need to hide your wonderful work from the world. The more you are able to share your ideas, the better you chances are of becoming famous. The surety that the data has no chance of being copied gives the person a priceless peace of mind.
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The findings of the global security study on data leakage reveal that the biggest threat to the company’s data is from its own employees. IT professional are firm believers in the biggest threat to data is not from external hackers or e-crooks. Official delicate data possessed by the careless or irri
tated employee may seek risk of being leaked. The research’s result shows that business information face immense threat from the people of the company.
- 33 percent of the data are leaked through portable storing devices, such as; USB flash drives. Most of the USBs are plugged into the computers by the employees. However, it is not necessary that employee steal the information. The case may be that the employee lost the USB drive in which data was saved.
- 39 percent of the IT professionals are more concerned with the inside threat to the data than from the e-criminals.
Insider threats to the confidential data of the company are a challenge. The company should observe employees’ activities and intentions regarding security matters. The company ought to focus security issues to prevent loss.
Hackers do make attempts to dig out sensitive information about the company’s accounts or strategies. They might misuse the company’s goodwill and the client’s information for their own good. The hackers are a threat and no one can deny or avoid this fact. But, the biggest threat to the business’ data is from internal actions. The insider threat can be about stealing data, or selling information to the rival organizations. The point to understand is that not only the employee who betrays the company is a threat, but, the fact is that every employee is somehow a threat to the data. If an employee loses his USB drive or his laptop, a company’s data ends up at risk.
A survey showed that a huge amount of data is lost by employees. And the reason for that data leakage is their lack familiarity and understanding of security policy. A company should establish security policies and communicate it with the employees. The survey disclosed that
- 43 percent of the IT professionals believe that employees are not well educated regarding security measures.
- 19 percent of the IT professionals believe that the security policies are not well communicated to the employees.
IT professionals also accept as true that a major amount of data is leaking due to the carless behavior of the employees. Usually office colleagues are found discussing confidential issues and information about business in a coffee shop or at any other public place. Another poor habit that harms the data security is not logging off their PCs or using their official passwords on unsecured servers. Many working persons lose their portable storing drives or laptops.
It is quite interesting that the employer’s privacy is at risk because of its own employees. Employees really never own their employer’s business; they just perform their duties to earn their livelihood. It is the core responsibility of the organization to take efficient steps for the purpose of security. Using software that can lock folders can be handy for security purpose. Security software is engineered to secure data in case of any loss or theft of laptops or portable storing devices, and can provide foolproof protection to the business confidential data.
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Small business owners should pay some more attention towards their data security. As in the age of technology–all the data, from financial records to the clients’ private information–is saved virtually. Any information theft or leakage can be a disaster for the business. Some cyber experts have suggested several ways to lower the chances of data breach.
The most basic way to secure your data is to set complex and strong passwords. Try to make combination of upper and lower case letters with some numbers and symbols to set a password. Try to avoid making your birthday, your name spelled backwards or name of common things to create a password. Use the letters that are not located near on the keyboard to make an effective password. Make sure to change your password at utmost 90 days. Set a password that you can remember, if you cannot remember it then memorize it. Saving or writing the password is not a safe practice.
Keep the antivirus on your PC updated regularly to combat the latest weapons of cyber criminals. Install other security software on your PC to make life tough for the hackers. Update the security software on regular basis. Moreover, make use of data security software in laptop as there are always fair chances of laptops getting stolen or lost. Data Security software gives reliable information security since it is designed to lock folders. Software like Folder Lock is extremely effective for any such situation.
After the introduction of iPhone and iPad in the market, they have become an essential source of storage. Storing data in iPhone or iPad makes it portable, but, where there are advantages like portability, iPhone or iPad do not offer much security to the data. The person using iPhone or iPad as a storage ought to take some effective measures to make the data leak-proof. Folder Lock for iPhone\iPad is one of the software that can provide the data some reasonable security.
There is always a fear in the mind of business professionals of losing their important information. But, if the businessman starts making a backup in the cloud regularly, he will not have to experience this fear anymore. Cloud storage might be the safest place for important information of the business and the personal information of the clients.
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Protecting your confidential data is not less important than protecting your assets. Data security is no longer a complex issue. You do not need to be an expert in computers to make your data secure. If some confidential information gets into the hand of your rival or somebody who wants to scam you, you will be left at his mercy. To avoid such situation, there are some simple tips that can make your data secure.
First, you can keep your data secure by keeping your antivirus up to date and other software that provide security to your data. Just installing an antivirus is not enough to make your data secure, as cyber criminals develop new techniques to fight against the antivirus software. Software houses that develop such antivirus software keep updating their features; you need to update the software on regular basis.
In order to protect your precious data, you ought to set up passwords and locks on the folders containing delicate information. The password should be strong and unpredictable. Cyber criminals usually are masters at guessing the correct password and getting access to their desired piece of information. The software which can lock folder or folders should be strong enough to prevent unwanted people from reaching your precious data. There are software development houses that develop security software as per the need of the client. Moreover, there are also some very reliable software available in the market that can restrict other people from accessing your data.
Encrypted data can be an effective measure to secure your data. Storing your information in your mailbox is not a safe option at all. Hacking an email ID is not a big deal for an amateur hacker. It’s good practice to use proper and secure encrypting channels. There are companies that have developed encrypting software that are extremely secure. Data can be uploaded to a cloud server. The company provides you an ID and a password to access that data. This really is an effective way to protect your data. Thus, allowing users’ flexibility to access their data wherever and whenever they like.
Another effective piece of advice for you to make your data secure by using folder locking software that can track all the records such as: when someone try to access your account, how many times he/she tried to access your account and other relevant information. This information may give you a direction as to who tried to access your secret information. The information can be really helpful in recognizing your enemy.
These are some of the practices that can prevent you from suffering loss. You ought to use some sort of security software like Folder Lock that can lock folders. The Folder Lock has all the features that are necessary for the security of your essential data. The software can make your data extremely secure and give you a peace of mind. The surety that your data will not be leaked or stolen can offer you a priceless peace of mind.
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