Data theft is among the most pressing concerns for companies. Data stolen can be used to perpetrate identity fraud, corporate espionage, government espionage, or even ransomware.

With big-name companies such as Uber and Tik Tok suffering from massive data breaches and the importance of keeping the security of consumer data is at an all-time high. In a world where people expect to use their personal data when creating accounts, buying products online or completing tax forms, companies must ensure that the information they collect is safe from cybercriminals.

A business can implement a variety of changes to ensure its data secure, from encryption of all its data to creating an incident response plan. These strategies can be implemented across all areas of a business and the advantages include a lower risk of data theft and enhanced efficiency of business operations.

1. Set and enforce strict standards of security.

Every employee should be aware of how important it is to protect company data. This involves establishing strong password guidelines and ensuring that your software is up-to-date to the latest version. Make sure to update your software regularly to guard against these security issues. Many hacking attempts are made using an outdated system.

2. All of your data should be encrypted during use and in rest.

Encryption is an effective tool to fight data breaches. Every company should adopt an policy that secures all data in transit and in rest. This can be accomplished by encrypting data on the network, or by using encrypted tunnels such as VPNs.

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