Data theft is a major issue for companies. Data stolen can be used to perpetrate identity fraud, corporate espionage or government espionage, and even ransomware.

With big-name companies such as Uber and Tik Tok suffering from massive data breaches and the need to keep the privacy of consumers is at an all-time high. In a world where consumers are expected to share their personal information for creating accounts, buying products online, or filling out tax forms, businesses must ensure that the information they collect is protected from cybercriminals.

Companies can take a variety of steps to ensure the security of their data, ranging from encryption of information to creating a plan for incident response. These strategies can be applied across the company and can lower the risk of data theft.

1. Set and implement strict security standards.

It is essential that each employee understands the importance of protecting company data. This includes setting up strong password policies and making sure that all software is updated to its latest version. Many hacking attacks are based on outdated systems, so regularly updating your software is a quick method to protect yourself from these vulnerabilities from being exploited.

2. Encrypt your data both in use and in rest.

Encryption is a powerful weapon in the fight against data breaches. All companies should implement policies that require encryption of all data, both in transit simpleavisos.com/protect-business-data-with-these-3-best-virtual-data-rooms and in rest. This can be accomplished by encrypting all data on the network, or by using encrypted tunnels, such as VPNs.