Welcome Guest

Businessex.Com
Home Article Managing A Business Technology  Protect your confidential data today

Protect your confidential data today

As business data for a company proliferates, it should also start looking at how to protect those data from outside infiltration. It is time SMEs should start taking data security even more seriously now

Tags: data security

BY Entrepreneur  |  Aug 04, 2011 comments ( 0 ) |

In June 2011, news on data breach resurfaced that shook the faith of many customers across the globe. In one of the largest-ever Internet security break-ins, Sony suffered a massive breach in its video game online network that led to the theft of names, addresses and possibly credit card data belonging to 77 million user accounts. Sony learned that user information had been stolen from its PlayStation Network, prompting it to eventually shut down the network immediately.

 

It is very often that we get to hear about such incidents of data breach and theft. Both large corporations and SMEs alike are easy victims to such data breaches as they happen to possess many confidential business data. Equipping oneself with protective measures is the only way out from being victimised by such data losses.

 

Data security – a major concern for SMEs

Data security is the practice of keeping data protected from corruption and unauthorised access. The focus behind data security is to ensure privacy while protecting personal or corporate data. Not many SMEs take data security seriously and it often results in losing sensitive business data knowingly or unknowingly to unauthorised hands.

 

A recent survey done by Symantec stated that there was a concern about the data loss by 67 percent of Indian SMEs. The report entitled ‘2010 Global SMB Information Protection,’ revealed that focus on enhancing backup, recovery and archiving initiatives was observed in 67 percent of the total Indian SMEs surveyed. The study brought out such facts like how loss of critical business information was found to be the top business risk by 50 percent of the respondents. Data loss was concerned as a key problem by 67 percent of the respondents and cyber attacks was concerned as the main reason for business risk by 60 percent of them. About Rs. 148,000 was spent by an Indian SME on an average annually on IT which is lower when compared to the Asia Pacific Japan region.

 

How to secure data?

If resorted to protective measures, SMEs do not stand the chance to fall prey to data theft and loss. 

  • As a means of protection against unauthorised access, businesses must ensure their data is covered by multiple layers of protection, which includes the use of multiple passwords, along with digital encryption for critical data such as credit numbers and billing details. Encryption has become a strong security feature, recommended by every security vendors. This security mechanism uses mathematical schemes and algorithms to scramble data into unreadable text. It can only by decoded or decrypted by the party that possesses the associated key.
  • Adoption of complete information protection strategy like a basic antivirus solution is also very essential for SMBs having 10 to 499 employees.
  • In order to be on the safer side, it is always wise to maintain an extensive backup of the data available. What if your computer gets infected by a malware and a virus happens to destroy all of the files. Under such circumstances, a reliable backup solution will allow one to retrieve all the lost data instead of starting everything from the scratch.

Finally...

The ignorance on the part of many SMEs can partially explain as to why they fall easy prey to frequent data loss. Lack of knowledge and awareness about the measures against such losses often land them in trouble. Also, since the weakest link to security is internal company employees, they should be educated about information protection, safeguard of business information and implementation of effective backup and recovery plans. And now with the cloud technology coming in, SMEs need to be even more conscious about the safety of their data.  

 

Please add your comment

Rating
Not readable? Change text. Enter the characters as seen on the image (case insensitive)
  Notify me of follow up comments via e-mail   Subscribe for daily newsletter

Related Articles

IT woes of SMEs to end soon

BY Amrita Premrajan

“Unaffordable! Too costly!” The Indian SMEs have long been harping about the high cost structure attached to IT tools like wireless produc...

Let VMS Manage your Visitors

BY Entrepreneur

Have you ever found it embarrassing asking your visitors enter their names in shabby notebooks? Or have you ever waited for long at the reception e...

Colour Does Matter for SMEs

BY Entrepreneur

Do you still work with black and white documents and collaterals? Or do you outsource your printing needs when it has to be in colours? HP brings a...

SMEs yet to Embrace Technology

BY Entrepreneur

The small and medium business (SMBs) sector which constitutes 80% of the total number of industrial enterprises and has the potential to generate larg...

10 Tips to Make Your Website Work for Yo

BY Entrepreneur

With internet becoming the most sought after medium of doing business, a website is an indispensable part of any business. At the outset your website ...

Cloud Computing---A solution to your dat

BY Entrepreneur

Finance, marketing and business development might be vital to a company’s progress but another important element, on which these heavily depend ...

Want your Business Simplified?

BY Entrepreneur

ERP or Enterprise Resource Planning is an application to integrate the data and processes of an organisation into a single system. As the owner of a&n...

5 Ways to Choose a Technology Vendor

BY Entrepreneur

To most of us technology sounds Greek and what can be better than avoiding something that you do not understand. But when you are an entrepreneur it i...

Why is a firewall important?

BY Entrepreneur

Network security is a major issue for enterprises these days. With business expanding and critical data being transferred through the Internet, it has...

Keep your system clean and healthy!

BY Entrepreneur

Are you so caught up in the day-to-day issues of your business that you tend to overlook your laptop or personal computer that needs maintenance? Y...

The Cost Effective Internet Telephony

BY Entrepreneur

As most of us already know, VoIP or voice over Internet Protocol is a technology which enables users to make phone calls through the Internet. It&rsqu...

Who Visited Your website?

BY Entrepreneur

It is not only interesting to get to know the visitors to your website. It is important and often indispensable for a small business, like yours. If y...