12 January 2024SafeAeon Inc.
Data loss prevention (DLP) isn't just a technical term for big IT companies anymore. Nowadays, everything is connected to everything else, and private data can easily move through emails, the cloud, and endpoint devices. This means that businesses of all sizes need strong DLP solutions. But what real benefits does DLP have besides the tech speak and business bluster? As of right now, these are the most up-to-date facts and numbers that show how powerful DLP is in the real world:
1. Insider threats are real: According to IBM Security's X-Force Threat Intelligence Index, nearly 43% of data breaches in 2023 were caused by people who worked for the company but were not authorized to do so. DLP lets companies keep an eye on what their users are doing and find any strange attempts to steal data, which lowers the risk of insiders doing something bad.
2. Compliance Matters: Around 65% of businesses around the world have to follow strict data security rules set by regulations like GDPR and HIPAA. DLP makes compliance easier by automatically identifying and protecting private data. This lowers the risk of expensive fines.
3. More Than PII: Protecting data isn't just about keeping personally identifiable information (PII) safe. Trade secrets, financial data, and intellectual property (IP) are also very important assets. DLP can find and protect these different kinds of data, which will keep you ahead of the competition.
4. Cloud Concerns Abound: There are many worries about the cloud. Since 83% of businesses now use cloud storage, it is very important to keep data safe in both public and private settings. Data loss prevention (DLP) makes it possible to protect data in both on-premises and cloud environments.
5. ROI Beyond the Breach: DLP is useful for more than just stopping data leaks. It improves operational efficiency by making it easier to find and organize data, lowering the legal risks that come with it, and encouraging a mindset of data security within the company.
DLP is not just a buzzword; it's a powerful tool that transforms data protection from passive defense to proactive control. Some of the data loss prevention use cases you can be aware of:
Data Loss Prevention Use Cases in the FinTech Industry
- Omni American Bank
- Triodos Bank
Data Loss Prevention Use Cases in the Technology Industry
- Science Applications International Corporation
Data Loss Prevention Use Cases in Healthcare & Pharmaceuticals Industry
- Aspire Pharmaceuticals
Data Loss Prevention Use Cases in the Automobile & Transportation Industry
- MINDA Corporation Ltd
- Copa Airlines
Businesses today depend on data more than ever, so using DLP in the real world is no longer a choice; it's a must. Explore further to learn how DLP can help your business confidently handle the changing data world.
Seven Major Reasons for Data Loss Prevention Is Essential Nowadays
Data Loss Prevention (DLP) technology is being used by a lot more people. Many things are causing this rise, and each one is very important in shaping the future of data security. Let's get into each trend's specifics:
CISO Role Expansion:
- The Chief Information Security Officer (CISO) is becoming a more important person in businesses.
- These people, who usually work directly for the CEO, are responsible for coming up with ways to stop data leaks.
- DLP tools are important to these tactics because they give CISOs the data and reports they need.
- This makes sure that they can tell the CEO what's going on with data protection.
Dynamic Compliance Landscape:
- The rules for protecting data worldwide are always changing, so security plans need to be able to adjust.
- The General Data Protection Regulation (GDPR) in the EU and the NYDFS Cybersecurity Regulation are two important laws.
- These rules have made it more important to protect data, so flexible DLP solutions are in high demand.
- Companies can stay ahead of these changes in regulations with the help of DLP systems.
Complex Situations for Data Protection:
- The growth of cloud computing and complicated supply lines have made it harder to keep data safe.
- DLP gives you the information you need to see how private data is being handled and moved.
- This level of transparency is very important to make sure that data doesn't get into the wrong hands.
Data breaches on a large scale:
- It's scary that data hacks are happening more often and getting worse.
- Cybercriminals, nation-states, and bad employees are all after sensitive data.
- The Equifax and Yahoo hacks are two that stand out.
- DLP is the first line of defense against threats that are so different and complex.
Stolen data is now worth more:
- On the Dark Web, stolen data, especially banking data, is sold for a lot of money.
- There is a strong motivation to steal data because of this black market for private information.
- Using DLP is the best way to keep such sensitive data from getting into the wrong hands and being sold.
Increasing the Types of Sensitive Data:
- Business models and methods that can't be seen or touched are now considered sensitive info.
- A big part of a company's market value comes from these intangibles.
- It is more important than ever to keep this kind of data safe, which is why DLP options are essential.
Lack of Security Experts:
- A serious lack of skilled workers is happening in the cybersecurity area.
- This shortage makes it hard to keep strong data security steps in place.
- Managed DLP services are an answer because they work with your current security teams.
- They help close the talent gap and make sure that private data is always safe.
These trends show how DLP is becoming more and more important in today's digital world. They stress how important it is for businesses to have strong DLP plans to keep sensitive data safe. DLP is still one of the most important tools for protecting data from breaches and illegal access, even as data security changes.
Essential Elements of a Data Loss Prevention (DLP) Strategy
There are a few important steps that must be taken to make sure that sensitive data is properly discovered, classified, monitored, and kept from being used without permission. Let's take a closer look at each of these parts.
Data Identification: the starting point
- How to Read Your Data: The first step in DLP is to figure out what kinds of sensitive data your company deals with and where it is kept. To recognize and handle your data well, you need to know these things.
- Tools for Finding Out: To find private data, use a variety of methods, such as data classification labels, content inspection techniques, and contextual analysis.
- Outcome: This step helps businesses fully understand their data world, which makes it easier to protect their data and keep important information safe.
Data Classification: Categorizing Data for Protection
- Protection Sorting: Sort material into groups based on how sensitive it is and how dangerous it is. Putting things into these groups is important for taking the right safety steps.
- Help with DLP software: Use DLP software to compare what users do to policies that have already been set up to avoid data loss. This will help you sort data by risk level.
Monitoring and Enforcement: The Watchful Eyes
- Role of DLP Tools: DLP tools are used to find and stop possible data breaches or misuse, as well as to enforce data security policies.
- Real-Time tracking: These tools offer ongoing tracking and analytics, which helps security teams quickly spot and respond to possible threats.
Continuous Employee Training & Guidance: Educating the Workforce
- Awareness and Training: Making the workforce more aware and giving them training. Employees are trained regularly to make sure they know the rules for protecting data and how to properly handle it.
- Getting rid of human error: The chance of data loss due to human error is greatly lowered by increasing knowledge and cyber threat intelligence.
Best Practices for DLP to Work
Best practices for different types of data protection must be followed for a DLP plan to work.
- Make a Clear DLP Policy: To begin, make a complete DLP policy that fits with your overall security plan.
- Put the focus on data classification: Put data sorting at the top of your list to find and protect the most important data.
- Update your DLP solutions often: Regularly check and update your DLP solutions to make the most of the newest features and functions.
By following these steps and best practices, businesses can reduce the risk of data breaches and illegal data use, creating a safe data environment.
The days when stopping data loss was hard to understand were over. Data loss prevention use cases show that DLP is more than just a compliance box. It's an investment in your data security, brand image, and the efficiency of your operations. With insider threats worsening, compliance requirements getting harder to meet, and more kinds of data being stored in the cloud, DLP becomes the best way to protect your important data.
Don't let your info be your company's weak spot. With the help of proficient and trustworthy experts at SafeAeon to find suspicious behavior, make compliance easier, protect a wide range of data, and make data management easier. Choose DLP, use it in the real world, and build a strong data environment that can thrive in today's constantly changing digital world. You should always remember that the best way to protect your info is not to let it get into the wrong hands. For more information, find SafeAeon on DesignRush.