• Privacy Policy
Friday, January 27, 2023
Data Centre & Network News
ADVERTISEMENT
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact
No Result
View All Result
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact
No Result
View All Result
Data Centre & Network News
No Result
View All Result

Why data security is no longer optional (and how to start)

Beatrice by Beatrice
August 9, 2022
in Data, Security
8 0
0
Share on FacebookShare on Twitter

By Andrius Palionis, VP of Enterprise Sales at Oxylabs

Security breaches cost more than just money. Investing in data security today prevents long-term negative consequences that cost your business time, money, and its reputation. Acquiring threat intelligence data is a primary step in preventing cyber attacks, and web scraping is the method of choice for modern data-driven businesses.

Your business thrives on data, and it must be protected

Business and personal activities are increasingly being digitised. Whether you are simply taking your temperature with a connected thermometer or sending products across complex supply chains, enterprises continuously collect data to improve services and refine operational processes.

Businesses are always looking for more ways to obtain quality data – whether it is from their own operations, gathered from the internet, or purchased from a third party. In turn, skyrocketing demand has piqued the interest of some less-than-benevolent entities.

Cyber attack risks are growing

Cyber attacks are growing in frequency, severity, and sophistication as the demand for data grows. Several factors leading to data breaches include engaging third-party services, network operation risks, extensive cloud migration, increased system complexity, and compliance failures.

Data breaches can devastate a company financially while irrevocably harming its reputation. According to an IBM report, the average cost of a data breach is $150 per record. With an average size of 25,575 records lost per incident, a cyber attack can potentially cost a company roughly $3.92 million.

Other direct consequences and associated costs of cyber attacks include:

● Intellectual property (IP) theft

● Staff costs to remediate and repair systems

● Legal fees from litigation or other legal proceedings

● Increased insurance premiums

● Regulatory and compliance fines

Besides costing enterprises millions in direct expenses (on average), some indirect negative consequences can include:

● Brand and reputation damage

● Public relations costs to remediate and respond to negative news coverage

● Loss of future contracts

● Enduring loss of revenue due to IT infrastructure downtime

Invest in threat intelligence today to improve security and prevent costly data breaches

Threat intelligence forms the backbone of an overall security strategy that gives businesses the tools to defend their networks and protect their data.

Threat intelligence comprises numerous types of information, these include:

● Types of potential threats

● Hacker capabilities

● Emerging cyber attack techniques

● Potential network vulnerabilities

A well-rounded cyber security strategy uses threat intelligence to automatically receive cyber threat data, helping organisations prepare action plans based on possible attack scenarios.

Threat intelligence is part of an effective overall data governance strategy

Data governance is the practice of managing the availability, accessibility, quality, and overall security of system data based on internal standards and external regulations governing data usage. According to a McKinsey report, quality-assuring governance helps enterprises take advantage of data-driven opportunities while conserving resources and increasing security.

Managing threats, data processing, and other data-related processes can benefit significantly from effective data governance. By implementing some key governance practices, data governance can create value, improve productivity and increase data safety across the organisation.

The threat intelligence process

Oxylabs uses a revolving five-step threat intelligence process that includes:

1. Planning and direction

The first step is to provide a foundation for your threat intelligence strategy by planning and directing the scope of the project.

First, determine the information and processes critical to your business that must be protected. Next, outline any potential business impacts should a data breach occur.

The third part of this step is to clarify any possible information concerning malicious entities that will give your team an edge when responding to threats.

Once all of these items are completed, goals for the project can be set to guide the rest of the process.

2. Collection and processing

The second step is to collect data in accordance with the requirements set out in the previous step. Web scraping can be used to collect data from public websites.

3. Analysis

Data collected in the previous step is analysed by cyber security specialists and cross-referenced with the goals and objectives of the project. Insights obtained during this step are used to assess current vulnerabilities and reinforce any digital weaknesses.

4. Dissemination

Threat intelligence obtained so far in the process is shared with other organisations via distribution channels. Some cyber security firms provide threat intelligence feeds via their own internal threat intelligence distribution platforms, providing alerts in real time.

5. Feedback

Feedback is obtained during this step to assess the success of the strategy. Once this step is completed, the threat intelligence lifecycle continues to the first step, where the initial plan is reanalysed, and adjustments are made according to the feedback obtained.

Conclusion

Data collection, both internal and external, has become a daily activity even for businesses not directly involved in the industry. Proper management practices are still waiting to be implemented as malicious actors attempt to abuse issues in security.

Such issues, however, have the potential to cause greater damage to individuals and companies than nearly any other threat. Understanding that data security is no longer an afterthought of business is essential.

Tags: businessesCloudcostscyber attackscyber securitydataintelligencenetworkOxylabsreportSecuritythreats
Share3Tweet2Share1

Related Posts

Three steps to protect your organisation from wiper malware

Three steps to protect your organisation from wiper malware

January 26, 2023
46
Six Degrees welcomes new advisor to its ranks

Six Degrees welcomes new advisor to its ranks

January 24, 2023
43
NAKIVO releases v10.8 with vSphere 8 support

NAKIVO releases v10.8 with vSphere 8 support

January 24, 2023
46
Aerospike connect

Aerospike releases Aerospike Connect for Elasticsearch

January 18, 2023
46
Vívaro Telecom teams up with MDC Data Centers in San Diego

Vívaro Telecom teams up with MDC Data Centers in San Diego

January 18, 2023
54
cyber secure

IT industry revealed as the least cyber-secure industry in the UK

January 13, 2023
86
Next Post
Airedale appoints Adrian Trevelyan as data centre lead

Airedale appoints Adrian Trevelyan as data centre lead

liquid cooling

Rising temperatures highlight need for liquid cooling systems

ADVERTISEMENT
Ground Labs introduces Enterprise Recon 2.8
News

Ground Labs introduces Enterprise Recon 2.8

January 26, 2023
36
VictoriaMetrics announces 252% growth in 2022
News

VictoriaMetrics announces 252% growth in 2022

January 26, 2023
36

Head office & Accounts:
Suite 14, 6-8 Revenge Road, Lordswood
Kent ME5 8UD
T: +44 (0)1634 673163
F: +44 (0)1634 673173

News

Ground Labs introduces Enterprise Recon 2.8

January 26, 2023
36
News

VictoriaMetrics announces 252% growth in 2022

January 26, 2023
36
  • Privacy Policy

© 2023 All Things Media Ltd.

No Result
View All Result
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact

© 2023 All Things Media Ltd.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.