What You Need To Know About Data Breaches in 2022

SINGAPORE - Dec. 7, 2022 - PRLog -- With the advancement of technology, businesses are becoming more reliant on the internet for their operations. Cyber criminals are increasingly targeting the business world and stealing valuable information, intellectual property and money from individuals and companies alike.

According to a Forbes Insights report, 46% of organizations suffered reputational damage due to data breaches, and 19% of organizations suffered reputation and brand damage due to a third-party security breach.

Types of Data Breaches
There are several types of data breaches such as Phishing scams, Malware and Ransomware. Phishing scams entice users into giving away personal information by impersonating legitimate sources such as banks or government bodies. The scammers may ask for your banking information or credit card details so they can make purchases on your behalf.

Malware are usually distributed through email attachments or malicious downloads from an infected website. Malware is usually installed without the user's knowledge or consent and is designed to perform actions such as keylogging, sending spam emails, accessing sensitive information, and installing other malicious software.

Ransomware is a form of malicious software that blocks access to computers, files, and data. Ransomware is typically used by hackers to make money from people's data which can range from personal documents and photographs to business information and financial details.

Ways to Prevent Data Breaches

1.) Schedule Regular Backups
It is a good habit to back up your data at least once every day. Schedule backups to occur automatically so that your data is automatically uploaded and saved.

Back up your data on any external hard drives or cloud storage. It is a good practice to store the hard drive in a secure location such as a safe or an offsite storage area in the event of data loss or disaster occurrence. Having a backup of your data prevents your data from being held hostage by hackers.

2.) Schedule Regular Security Audit
Companies are strongly recommended to conduct regular assessments or audits of your assets' level of security to identify gaps in governance and security policies.

Companies are strongly recommended to implement a solid information security management system (https://www.websparks.sg/we-are-iso-270012013-certified/) if they currently do not have one in place. It is also good practice to identify outdated software or devices that need upgrading.

3.) Encrypt Sensitive Data
Companies are strongly recommended to encrypt sensitive information so that it cannot be read when stolen. Encryption works by using keys that can only be deciphered by authorized users. Encryption techniques can be broken down into two main categories, mainly symmetric-key and asymmetric-key.

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