WHAT IS A DATA BREACH?
If your business stores or collects information from customers, suppliers, partners or employees, there is a chance of that data falling into the wrong hands. A data breach can be when a cyber criminal accesses your systems through hacking, phishing and malware to steal data like business records, intellectual property or financial information. But a breach can also occur through simple oversight, such as employees sending data to the wrong person.
How can it affect your business?
- Damage customer trust and business reputation
- Incur costs to patch and restore systems
- Result in loss of intellectual property
- Lead to loss of money if your accounts are targeted, and loss of revenue while your systems are restored
- May result in fines or penalties to your business for breaching customers' privacy
First steps towards being protected
- Have an incident response plan which maps all of your data risks. Know what data you have and where it is stored
- Educate staff to recognise the signs of phishing emails and malware
- Instruct staff on the importance of good data management, for example encrypting data before it's shared
- Don't forget about physical data, like paperwork and USB sticks. Securely dispose of personal data you no longer need
- Use strong and complex passwords or multi-factor authentication
- Update your software regularly and install firewalls and anti-virus software
ASSESS YOUR RISK
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Learn more about Cyber Threats
Cyber threats are a risk of doing business in our digital world. They include everything from rogue tweets made by employees that cause reputational damage, to hardware or infrastructure failure resulting in data loss, and even malicious malware and viruses that leave your digital systems crippled.Find out more