Mistakes Companies Make with Data & Information Security

Although many companies are implementing privacy engineering technology to diminish risks to privacy and protect the privacy of the entire company, there are still some corporations who overlook the importance of data and information security and this can put them at risk of millions or billions of dollars.

It's also important to acknowledge that these companies are mostly 'unaware' of the mistakes they make in relation to cybersecurity. Knowing these common mistakes can prevent you from encountering a massive loss down the line, therefore, this article will brief you on them. Keep reading!

1. Underestimating Cyberattacks

Most small and even medium-scale businesses assume they aren't really vulnerable to cyberattacks as they don't have as much to lose as compared to large-sized corporations with tremendous profits.

This leads them to underestimate cyber-attacks or, more precisely, hackers. As opposed to the common misconception, it's vital to note that many hackers pry on the systems of SMEs and as soon as they find a 'weak link' that possesses valuable data and information, they immediately hack the system.

It can even result in SMEs being completely shut down, as their loss of reputation and data leaves them with almost nothing to work with other companies.

2. Poor Basic Security

Many businesses tend to focus more on the 'complex' features of the data and information security systems. Whereas, on the other hand, the most basic and simple security features, like passwords, are overlooked and, therefore, compromised.

It could be one employee in the company who keeps using simple passwords in order to not forget them or even keeping the same passwords for all platforms. And this one employee can compromise the whole company because even a hacker with little knowledge can easily hack passwords, and this can lead to breaches of data and information security on a wider scale.

3. Not Giving Importance to Security Awareness Training

Those security seminars or training sessions may sound like an extra cost to most of the companies, however, it's worth the investment. Not giving security training to all levels of personnel in the company means the valuable information of your company is at stake.

Therefore, it's essential for companies to arrange seminars and provide risk training to all employees. The employees should also be aware of how to handle the risk in case they encounter one.

4. Trying to Handle Every Risk on Their Own

The IT field is vast, and it's almost impossible to specialize in every single aspect of this field. One of the many common mistakes companies make is that they try to handle every level of risk on their own with a limited number of employees who have limited knowledge.

Although it may seem like an extra cost to your business, it's vital to recruit IT specialists who possess specific knowledge in regard to different kinds of risks and let them do their job in a professional manner.