What are Data Security Services?

Today, businesses collect an ever-increasing amount of sensitive data, known as personally identifiable information (PII), and cybercriminals know it. The number of businesses that have suffered a crippling security breach is growing rapidly.

This is because cybercriminals are very money driven. They know that personal information is a very valuable type of data, and they specifically target companies that they believe can be hacked.

And cyber threats are on the rise. The University of Maryland found that a cyberattack occurs every 39 seconds.

To protect sensitive data from external threats, as well as to comply with data privacy regulations, organizations must implement data security measures who protect their business.

But what is data security and what are data security services? In this blog, we take a look at what data security is, why it matters to your business, and what solutions are included in the “data security services” category.

What is Data Security?

Data security is an important part of any data protection policy. In a nutshell, data security focuses on protecting personally identifiable information and other sensitive data from access by unauthorized and malicious cyber threats.

Data security consists of best practices, technologies, and corporate policies that protect an organization’s sensitive data from external cybercrime and internal threats that can lead to data loss.

There are two reasons why data security is important. First, because data loss can be extremely costly for a business, both in terms of cost and subsequent impact on business processes.

Indeed, according to IBMthe average data breach cost increased by 2.6%, from $4.24 million in 2021 to $4.35 million in 2022. The average cost increased by 12.7%, from 3 $.86 million in the 2020 report – an extremely detrimental amount of money!

Second, data security is an essential part of complying with data privacy regulations. These regulations – such as General Data Protection Regulation (GDPR) in the European Union, the California Consumer Privacy Act (CCPA) in the United States or the Lei Geral de Proteção de Dados (LGPD) in Brazil – dictate how private information may be collected, used, stored and processed. Additionally, they also require companies to implement data security measures that protect sensitive data from theft.

What are Data Security Services?

Data security services are a set of policies, best practices, and technologies that organizations can implement to better protect their sensitive data from internal and external threats, while maintaining data privacy compliance.

By implementing a robust data protection strategy that uses data security services, organizations can:

  • Get full visibility into what they have and where they live
  • Better protect data and mitigate data security risks
  • Simplify data audit and compliance processes
  • Optimize team time by using technologies to automate repeatable tasks

What is included in Data Security Services?

Data security services consist of a wide range of technologies and processes. We have listed some of the key elements of data security services.

Data Discovery: The process of using technology to scan your entire environment to find and identify where structured and unstructured data resides on your network. Data Discovery gives a business complete visibility into where their data resides.

Data classification: The process of identifying and tagging data to organize it into categories based on file type, content, compliance requirements, and other metadata, making it easier to locate and recover sensitive data.

Data Loss Prevention: The implementation of technologies and processes that detect and prevent data loss and data leakage across the organization.

Data Security Policy: All of the above technologies and policies help shape an organization’s overall data security strategy, which improves data protection maturity across the enterprise.

Would you like to learn more about protecting your sensitive data and improving your strategy for managing the attack surface of cyber assets through better data security?

Watch a demo of the Cavelo platform today and learn how our software was designed to give your business complete visibility into where its data resides, giving you the insights you need to better protect data.


*** This is a syndicated blog from the Security Bloggers Network of Cavelo blog and press release written by Mandy Bachus. Read the original post at: https://www.cavelo.com/blog/what-are-data-security-services

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