Information- IT- and Data-protection and security issues are one of the most significant concerns impacting the corporate world today, due to;
- The increasing regulatory complexities combined with the implementation sophistication of data and IT security makes the technical IT problems rather intricate.
- The overall lack of cybersecurity and data breaches has led to the greatest data breaches and the loss of data records on a global scale.
- Multiple factors such as laws, level of IT maturity and the size of data breaches has influenced the general corporate focus on data protection in general and cyber-attacks in particular.
The above factors make it imperative for the organisations to revamp their current data, IT and information security strategies.
Data records and information security refer to any piece of information that when breached can put an individual or organisation at risk. Besides the general information, any sensitive data like patents, intellectual property, medical records or banking details makes the data breach level alarming and raises eyebrows at the board level.
The low rate of technological adoption makes certain organisations, businesses and sometimes even countries more susceptible to mega breachesare classified as hotspots that are prune to continued hacker and criminal focus. The compromised data is later used for malicious purposes, probably causing reputational damage to the business.
According to the global Breach Level Index, over 9.7 billion data records and a total of 10 million identities are either lost or stolen globally due to severe data breaches and cybercrime.