A good portion of our lives is spent online. People learn, shop, work, and play games on the internet. The increase in online activity has a snowball effect. As large sectors of the population shop online, businesses find it increasingly profitable to expand eCommerce. Besides, data that fuels marketing strategies is often found online.
Few people feel that the internet is a private place. Of course, the web brings people together through communication opportunities such as social media, but it isn’t unreasonable for many to feel they are being spied on. This isn’t far from the truth. Internet activity leaves footprints and traces that companies can legally use for data research.
Why Franchise Owners Need Data Protection
Having data compromised is severe enough for individuals, but it can be even more dangerous for a business. More people, more money, and brand reputation are in the equation. The following are some problems that a data breach can cause a company.
1.Impact on Company Losses and Revenue
Financial losses breaches cause is staggering and rising every year. A malicious attack or a theft of customer information can cost large companies millions. These data breaches can be caused by insufficient security systems in the company network. This is the reason investment in internet security is an essential investment for every company.
5.Company Brand and Reputation
A company can do everything else right, but customers are likely to remember if sensitive information is intercepted. This adversely affects the brand and the reputation it took years to create.
Consequences: It can be hard to shake lousy news like a security breach. Not only is it an emotional blow and threatens a sense of security, but brand reputation could suffer for quite a while, even with evidence the problem has been fixed. The resulting drop in revenues may happen for a time until there is good news again.
Stay Vigilant and Optimistic
Although these are negative scenarios, many companies weather a problem like a data breach if they react right away, implement security solutions, make restitution if needed, and launch a PR campaign to win back customers. Almost a third of all companies will have data compromised at some point, so it is vital to have a realistic view of what can happen and to prevent it through using the above-mentioned methods.
The effort of a country’s Cybersecurity is directly proportional to the level of internet penetration and digital transformation it has planned and achieved.
So, the level of security is contextual to the situation.
In places like UAE, Kuwait, Qatar, the internet penetration is reportedly closer to 100%.Combine this fact with the evolution of smart cities, Cybersecurity has become a high-demand skill.
It is no longer a secret that Dubai is on its way to becoming one of the most sophisticated smart cities in the world.Imagining a digital world without cybersecurity is a dead-end.
Check out this blog on how Dubai is strengthening the country's cybersecurity and is setting an example for the rest of the world.Learn more at Cybersecurity in Dubai
Data security is a priority for businesses and organizations.
In the last two years business online have significantly increased but so has the internet crime.
Here is why a business needs to know their customer and take data protection seriously.Why Organizations Need to Protect their Data SecurityWhen clients use a business website to make a purchase, subscribe to a mailing list, or accept cookies they are revealing personal data which needs to be stored securely.
Businesses have a responsibility to ensure their websites and IT systems are as secure as possible and data protection is prioritized.
Customers are increasingly savvy about cyber-crime and want to deal with reliable security-conscious businesses.
As a business owner, KYC is vital for staying ahead in a competitive world.What ISO 27001 Does for Your BusinessThe ISO 27001 Standard is recognized across the world as an industry-best security practice for IT security.
Look out for the data security threats that can uproot your life in one second and implement the recommended solutions to keep your data safe.
For more information please visit: https://l1n.com/5-top-cybersecurity-threats-their-solutions-for2020/
