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Data Protection – A Business Owner’s Guide to Digital Defences

business security

The importance of data protection cannot be overstated, especially in this growing age of the digital transformation of businesses. With the efficiency and ease of digitisation, there come the dangers of experiencing the loss of corporate information and other forms of data mismanagement.

If you’re a business owner who’s looking to protect your corporate data, consider these digital defences.

Understand The Process

This might go without saying, but understanding exactly what you’re facing will ensure that your company is fully prepared to face the immense opportunities and accompanying dangers of the eCommerce world.

As the digitisation of industries is becoming unavoidable, business owners must also adopt some level of technological know-how. It’s no surprise that CEOs with technical knowledge are better equipped to navigate the depths of data protection and make stronger decisions when it comes to protecting your organisation from threats like extortion and cyber theft.

A little research and study will go a long way, and it’s infinitely better to become acquainted with a little tech info, especially if you’re a veteran business owner.

Cyber Insurance

The benefits of securing cyber insurance for your company are substantial, to say the least. Not only are you protected from a myriad of cyber liabilities from breaches in corporate information to data administrative investigations and fines, and even the negative outcomes of cyber extortion from outside threats, but your business will also be provided with the most comprehensive data security options.

A quality insurance plan should also allow you with the added options to protect any or all of your published copyrighted material, such as clips, graphics, and other media content. Alongside this, the best cyber insurance plans can even compensate you for any potential revenue loss resulting from network interruption or network failures.

In essence, cyber liability insurance provides business owners with a modern and enduring solution that actively utilises consistent data protection. And whilst you might think that it’s only big businesses who experience cyber theft and other breaches in cyber security, in reality, data protection is a growing concern for all modern businesses, regardless of size.

The added protection that you will receive from your cyber liability insurance plan will definitely prove to be a strong player in your business’ risk management plan.

Backup and Recovery

In the early twenty-first century, our understanding of ‘backups’ was keeping electronic copies of paper documents. But funnily enough, even in this digital age a lot of brick and mortar businesses still maintain a physical filing system, as the reliability of pen and paper makes a comeback in the growing threat to data security. But even paper has an expiration date.

Maintaining and backups for electronic copies is becoming increasingly vital to the operations of all companies, from your traditional brick and mortar operations to even your most tech-savvy eCommerce ventures.

The best way to guarantee that your data is securely backed up is simply through utilising the magic of cloud storage, and other file sharing options that might be ideally suited for your company.

The process of finding the option that’s best for you is far simpler than you might think and can be easily achieved through even a quick word with your IT team.

Summary

If understanding the process of data protection is the first step, then ensuring that you have this protection is the step that must immediately follow.

Cyber liability insurance is becoming as vital to organisations as business liability insurance is for your investors and health insurance for your staff. Be sure to check this errand off your to-do-list, and strengthen your digital defences soon.

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