Another major source of corporate data loss is phishing attacks. If your employees can’t distinguish between authentic and malicious emails, they’re likely to click on phishing emails that appear to be from trusted companies or users, but end up collecting all of your sensitive business data.
According to a 2021 report, 133 jurisdictions worldwide have enacted comprehensive data privacy laws. Data loss results in significant financial and legal penalties for businesses. Financial loss related to data breaches is the most severe, involving various costs, including legal fees, investigation costs, substantial regulatory fines, and future security costs. A single attack on a business can result in massive financial losses.
3. Loss of brand reputation and customer loyalty
A security breach can harm your business phone number lead beyond financial losses. It can affect how your customers view you. In a highly competitive corporate world, a small mistake can have major repercussions, and data loss is one of the biggest mistakes a company can make. It’s natural for customers to stop doing business with brands that experience data breaches. The loss of reputation and customer trust can damage your brand value and affect your business continuity.
How can you mitigate these challenges?
Something as simple as internet access can phone number spanish make or break crucial aspects of your business. So, what can companies do, especially in these times of remote work, to ensure secure internet access for employees?
1. Set up a VPN
A VPN, or Virtual Private Network, creates an encrypted connection between the device and the corporate network so employees can securely share and exchange business information. VPNs hide users’ IP addresses, browsing activities, and Wi-Fi network data, keeping them away from any lurking hackers or cyberthreats. Mandating a VPN on all your remote employees’ devices can go a long way toward securing their internet use.
2. Encrypt your data
Data encryption involves converting your company’s sensitive information into codes that require a specific key or verification to be deciphered. This acts as a backup plan in case your business data is leaked and falls into the wrong hands. There are several data encryption programs and platforms that offer easy data encryption that can be used as a protective measure.