Information is now the world’s most valuable resource, leading to a cyber epidemic. Or tough data protection regulations such as the General Data Protection Regulation (GDPR).
This year’s biggest hacks that lead to ruined reputation, media scandals, lawsuits, millions and even billions of losses. Coincidentally, all of these attacks were targeting large US companies or government agencies.
Why would someone want to hack you if your company is not that famous or that big yet? Assuming that it won’t happen to you can lead to negligence, especially when it comes to sharing documents online. Having the right attitude towards the digital security of your company is the first step to making everything you do online secure.
The centralised credit reporting system in the United States and the fact that three companies have the rights to store the personal data of almost every American might have made the Equifax hack predictable. To this date, this is the worst corporate data security breach in our modern history. And there are many lessons CEOs can learn from Equifax’s mistakes.
More than two-thirds of hacking happens without having to break into accounts or install viruses but by simply asking an employee to hand in valuable information, having a convincing pretext. Choosing an advanced solution to keep your data safe and secure is the first critical step you need to take to protect your business from losses.