1. Data Privacy
Data exploitation remains a huge threat; according to global cyber security experts BlackFog, 2024 ushered in the highest number of January attacks ever recorded – representing an 130% increase from last year.
Education, healthcare and government topped the target list but the truth is, data to any business is invaluable, no matter the industry, no matter the size:
- $568,705 – average ransom payout in Q3/23
- 30% – reduction in brand equity thanks to reputational damage
- $2.38 million – average cost to company for data loss and compensation
So, what is the solution?
It’s all about your people, processes and, of course, SmartSafe embedded!
Unfortunately, employees are often the weakest link, and that’s simply down to lack of education or finding ways to get around existing security restrictions. The upside? It’s a relatively simple fix – educate your people, so that they understand and can implement the best cyber security practices for your organisation. According to the National Cyber Security Centre (NCSC), who run a government-backed cyber security education scheme, just 35,000 of the UK’s 5 million businesses have undertaken their Cyber Essentials certification. It’s a great place to start.
Whilst education is critical to building a strong defence system, a multi-layered approach is best. ExactTrak’s SmartSafe embedded system provides another strong layer of protection, which works outside of software and operating systems to defend your data and tech at source. You set the parameters (who, when, where and how) for employees to access data and tech, and SmartSafe enforces them. Which means only the people you’ve pre-approved have access – there’s zero fuss, but full protection.