Wednesday June 19, 2019
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Beware Of Your Personal Data Stored Online

The risks of data loss grow with more and more people working outside of your network. Therefore, the need to protect your business roadmap, your product database, your customer files and your reputation is important now, more than ever.

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Americans have been oberved being online almost everytime.
The risks of data loss grow with more and more people working outside of your network. representational image

Aiming to raise awareness and promote data protection practices, top cyber security experts have advised there is a serious need to be alert and aware about how data is collected, used and shared and what steps need to be taken to better manage personal information.

“Be careful about what information you send via email. Ask yourself, could there be an implication if someone was to access this information,” said Sunil Sharma, Managing Director – Sales, India and SAARC, Sophos.

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Be careful about what information you send via email Pixabay

“The risks of data loss grow with more and more people working outside of your network. Therefore, the need to protect your business roadmap, your product database, your customer files and your reputation is important now, more than ever,” Sharma told IANS on the ocassion of Data Privacy Day that aims to empower individuals and encourage businesses to respect privacy and safeguard data.

Also Read:Social Media: An Instrument Of Influencing People

“Data Privacy Day is a timely reminder for organisations that maintaining privacy of customers and employees data is a continuous work and must be defended against ever-evolving cyber threats,” added Surendra Singh, Country Director – Indian and SAARC, Forcepoint.

“Cybersecurity needs to be more than skin-deep, and in order to outpace the evolution of attacks, must look to adopt differentiated approach- such as behaviour based cybersecurity — to stop breaches before they occur,” Singh added. (IANS)

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What’s the True Cost of Cybercrime?

A criminal can use this data to get credit in your name or evade prosecution, or she could sell the information to someone else. Whatever they do with it, your personal information is like catnip for criminals. 

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Who knows how many incidents have gone unnoticed or even unreported. Companies might try to hide the fact that their systems have been breached because admitting this would damage their reputation. Pixabay

 

Do you have an idea what the cost of cybercrime is on an annual basis? Most people would guess millions, or maybe even billions. That would be a rather conservative estimate, though.

Unfortunately, the costs actually reach trillions of pounds globally every year. But that’s just the base financial cost measured in the losses made by companies and individuals. The true cost is hard to calculate.

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Hiding the fact that a breach had occurred could land the company in even more hot water, so businesses are starting to believe that it’s better to own up when something goes wrong in this arena. Pixabay


Who knows how many incidents have gone unnoticed or even unreported. Companies might try to hide the fact that their systems have been breached because admitting this would damage their reputation.

It’s something that some companies can never quite recover from. And while it’s wrong not to admit what happened, we can understand why they’d be reluctant to report the incident. After all, who wants to be held responsible for leaking customers personal data?

That said, most of the larger companies now have breach plans in place. They have procedures that dictate how they react should a breach occur. A standard part of these plans nowadays is to ensure that companies get the PR aspect right.

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The stakes are just as high for people who are victims of this kind of crime in their personal capacity. Identity theft is one of the top-performing cybercrimes, and this is why personal data is such a hot commodity. Pixabay



Thanks to the GDPR, companies can face hefty fines if they are found to have been negligent when it comes to client security. Hiding the fact that a breach had occurred could land the company in even more hot water, so businesses are starting to believe that it’s better to own up when something goes wrong in this arena.

Also Read: ISS Surface As Littered With Microbes As A Gym, Claims NASA’s Scientists

The stakes are just as high for people who are victims of this kind of crime in their personal capacity. Identity theft is one of the top-performing cybercrimes, and this is why personal data is such a hot commodity.

A criminal can use this data to get credit in your name or evade prosecution, or she could sell the information to someone else. Whatever they do with it, your personal information is like catnip for criminals.