Protecting your business data with proper cyber management

Data is one of the greatest assets of a company, and when information is lost, it can result in substantial costs. Data can be lost several ways, the most common ways are through technology and process errors or external exposure. Firms such as Amazon and Walmart have had customer passwords leaked online, and these are only the significant breaches that we hear about, but there are many more. It also costs time and money to fix a breach. In a 2018 PwC UK report on the state of global information security, companies averaged a recovery time of 19 hours when they encounter a security breach, and 49 percent of these breaches occurred because of the lack of preparation. These figures should make it clear that securing corporate data is a must, and it is no longer just an option. As hackers and technology advance, companies and individuals need to stay ahead of the game. In this episode, we talk about assessing your risk and how you can minimize your exposure.