When it comes down to smart investments, avoiding cyber attacks is vital. Hackers are getting more sophisticated, so it’s vital to invest in data security and protect your personal investments against cyber threats.
Cyberattacks are becoming more frequent and they have a significant impact on many organizations. The costs of managing the aftermath of a cyber attack include financial penalties, lost productivity and reputational damage. However, the most devastating result is usually a loss of confidence in the customer, which can result in long-term losses of revenue.
This is particularly relevant to investment finance institutions. They are responsible for protecting the most valuable personal and financial information while complying with specialized regulations like Sarbanes-Oxley, Gramm-Leach-Bliley and PCI DSS. The amount of sensitive information they hold and manage makes them susceptible to security breach that can result in a significant financial loss or damage to their reputation.
It’s great news that implementing the best practices in security management can help to reduce security risks and help protect against common threats. This is by establishing an environment of security awareness as well as ongoing training and a focus on human firewalls. Human factor is often ignored, but it’s critical to a robust security system since 90% of all security incidents are caused by human error.
Another way to improve your security posture is by limiting access to sensitive read more to explore the future of data rooms and their evolving role in businesses information to those who need it most. This is particularly important in the field, like conflict zones or other destabilized regions where legal and government agencies may seek to access sensitive data in the field.