August 24, 2022
Three things to note when setting up data protection for your business
As more companies go digital, there has been a rise in various types of cyber attacks. One of the biggest threats to businesses is cybercrime. While large companies often go over budget when it comes to cyber security, the average business doesn't invest enough in safeguarding their data or digital platforms
Companies in Kenya frequently lack the technological expertise, financial resources and time necessary to effectively defend against cyber attacks. The importance of data protection has, however, come to the attention of many business owners, who are now looking for specialised solutions to safeguard their digital assets.
Understanding the key threats and how to combat them is crucial. SEACOM Business offers various cyber security solutions that will help to protect your data and prevent cyber threats. Here are three considerations for business owners when setting up data protection.
1. Regular businesses are highly vulnerable to data breaches
Nearly two-thirds of cyberattacks target businesses with less than 100 employees. Productivity and profitability are severely impacted while dealing with the effects of a cyber attack. According to recent trends, 60% of regular businesses fail within six months of a serious cyber attack, so it’s important to implement cyber security measures.
Poor cyber security awareness among staff is a significant contributor to data breaches. Human error is to blame for around 95% of cyber security issues. As a result, the World Economic Forum ranks employee training as a top priority for maintaining cyber security.
According to research from 2021, IT security leaders are under pressure due to an increase in ransomware attacks, third-party data breaches, remote workforces and the integration of internet of things (IoT) technologies. The three top security priorities for this year are as follows:
a) Businesses need to be better prepared for security issues
b) Sensitive and confidential data needs better protection
c) Companies need to improve cyber security awareness among employees.
2. Recovery from data breaches is challenging for businesses
Almost half of all cyberattacks target smaller companies. When these businesses lack the necessary tools and procedures, recovering from a data breach can be extremely costly. Due to downtime, there is lost productivity when a cyber attack takes down the company network. When companies are unable to satisfy their customers' needs, their reputation suffers.
A cyber attack typically results in 20 days of downtime. The process of bringing systems back online can sometimes take weeks. Businesses must have an effective data backup and recovery strategy to minimize this risk. This should cover the comprehensive backup of all endpoints, digital platforms, cloud networks and software-as-a-service (SaaS) applications.
3. Businesses need to be compliant with data protection laws
Data protection laws exist to ensure that customer information and business data stay safe and to prevent hackers from using personal records. If client information is stolen, the company may need to pay damages for this, including compensation for any losses in revenue that may have occurred as a result of the attack. In general, regular businesses lack the necessary cyber tools to maintain adequate information and data security.
Companies must improve their cyber security
Older business networks may not have enough protection from new-age anti-virus and anti-malware. These outdated solutions may provide protection against known types of attacks but leave networks defenceless against newer breach methods.
Since they do not protect the entire attack surface, traditional anti-virus software is unable to quickly detect and prevent attacks. A ransomware attack prevents businesses from accessing their data by encrypting files and spreading throughout the network. Hence, modern cyber security solutions are needed.
IT security leaders need to ensure that all cloud, multi-cloud, and hybrid environments used by companies are completely secure. For both on-site and virtual architectures, SEACOM Business provides an integrated security framework with intelligent protection solutions.
Our systems are simple to scale and manage, which reduces expenses. Businesses can increase their security as they expand to make sure that their essential digital ecosystems and assets are always up and running. For more information or to get a quote for our cyber security solutions, email us at marketing@seacom.com or leave us a message.
SEACOM owns Africa’s largest network of information and communications technology (ICT) infrastructure, including fibre optic networks and subsea cables. We offer a wide range of industry-leading scalable ICT solutions for large companies that operate throughout the region.
SEACOM is privately owned - making it adaptable to the needs of the client. We are the preferred ICT and internet connectivity supplier for African enterprises. We can guarantee fast, reliable and secure internet and networking services at affordable prices.
For more information on these solutions, follow us on LinkedIn, Facebook or Twitter. Keep an eye on our news section for industry news and announcements on African ICT, internet connectivity, cloud services and security solutions.