The boom of the internet since the beginning of the 21st century is highly massive. The Importance of Information Security. In 2019 data breaches cost UK organisations an average of £2.8 million. The answer — which includes information about data breaches, laws, and standards — also provides some context for the chapters that follow. Email info@ciphertex.com. Imagine waking up one morning and finding all data has disappeared due to a breach, equipment failure, or natural disaster. Why Physical Security Should Be as Important as Cybersecurity. Here are three reasons why security is important. Chapter 3: Data security threats. Those facts alone are usually enough to convince people security awareness training is important. Phil Goldstein is a web editor for FedTech and BizTech. Why Is Information Security Important? Loss of information can lead to direct financial losses, such as lost sales, fines, or monetary judgments. Most of the time, the term “computer security” refers to the security of a computer’s insides. Cybersecurity is important because it encompasses everything that pertains to protecting our sensitive data, personally identifiable information (PII), protected health information (PHI), personal information, intellectual property, data, and governmental and industry information systems from theft and damage attempted by criminals and adversaries. Learn about the different ways bad actors can gain unauthorized access to your data. World companies have been hacked and had customer information stolen. Network data security should be a high priority when considering a network setup due to the growing threat of hackers trying to infect as many computers possible. The Data Is Important, Not the Size of the Company In the 80s, data security assumed more importance when the first computer enthusiast clubs were established. Talk to One of Our Data Security Experts : 818-773-8989; Call 877-977-8878 818-773-8989. Data security—the processes and technologies you should be using to safeguard that data—is a crucial element in protecting your company’s reputation and fiscal health. By Shift F7. Data security is important because certain businesses maintain data containing exceptionally sensitive information that would create severe liability risks if compromised, particularly data that’s maintained for a financial environment. It's not enough to rely on your IT departments to make sure staff are educated about data loss and how to prevent it. Security Is More Important Than Ever. Technology (and the potential for breaches) has entered every facet of business today. The data that your company creates, collects, stores, and exchanges is a valuable asset. Your Trusted Secure Storage Provider! This not only angers customers but breaks their trust in your brand. Recent statistics have suggested that the average cost of a data breach at a larger firm is £20,000. Since we started to use electronic medical records healthcare data security became one of the most important aspects of data protection. Effective quality monitoring will allow your organization to be proactive rather than reactive and will support the organization to maintain best practices over time. 1. If you’re dealing with sensitive data, it’s important to take measures to secure it properly—for the safety of your customers and for your own liability. The 2017 Cybersecurity Trends Report provided findings that express the need for skilled information security personnel based on current cyberattack predictions and concerns. The importance of shielding data from security threats is more important today than it has ever been. Computer security — a wide concept that encompasses almost any software or hardware that is designed to prevent the loss or theft of electronic data — is important for a number of reasons, but perhaps principally as a means of keeping information safe. It is through data collection that a business or management has the quality information they need to make informed decisions from further analysis, study, and research. UEBA solutions use these baselines as a comparison of real-time operation. Data may be just like your company information. Phil Goldstein. The hackers usually target with an aim to access, change or demolish sensitive data for extorting money from the user of specific network or system. Still thinking about why data security is important for your business. Without data collection, companies would stumble around in the dark using outdated methods to make their decisions. 1. 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