A 2017 study by the International Data Corporation (IDC), Data Age 2025, predicted that the world’s data will balloon to a total of 163 zettabytes by 2025 — a tenfold increase.

60% of that data will come from enterprises. More data means more data breaches.

Your organization must make strategic choices on data collection, utilization, location and management. You need a powerful enterprise risk management (ERM) program to help you anticipate and prevent risks to customer data.

Build a Wall Around Your Data

Data security is vital for your business. Personnel files, customer demographic data, payment and client information, bank account details — these are all complicated to restore and are potentially dangerous in the hands of bad actors. The breach or loss of this data can be a serious blow to a company’s reputation and financials.

Even consistently collected and secured data can be lost in a variety of ways:

• Stolen equipment
• Natural disasters
• Relying on third-party vendors to store and manage data
• Business interruptions (BI) due to targeted attacks
• Business email compromises (BEC), scams that uses false emails to trick employees into sending money to the wrong accounts

It is critical that your company formulates an effective strategy to protect important data. Take an agile and urgent enterprise-wide approach to customer data protection:

• Review data protection and classification practices
• Store sensitive data in structured and unstructured database formats
• Track where sensitive data is located
• Regularly maintain secure data and server backups
• Continuously monitor who has access to data and when they access it
• Maintain and demonstrate compliance to pass audits

Build a wall around customer data. Understand the potential risks surrounding its collection and storage, and ascertain the criticality of what needs to be protected with an ERM framework.

Procipient^® Keeps You in Control

What does a proper cybersecurity risk assessment entail? Procipient^®’s selection of evaluation frameworks includes a cybersecurity risk assessment option that can be structured to evaluate:

• Processes
• Controls
• Departments
• Productions
• Applications

Evaluations can assess both tangible and intangible assets, including information and the server where it resides.

Procipient^® ensures your team is focused on the most appropriate controls for your specific organization. The ERM-GRC solution can instantly see if controls are aligned with the level of inherent risk.

Today’s volatile marketplace demands you protect your customer’s data. Procipient^® helps you see, understand and maintain that data.

Learn More

Your organization needs a holistic approach to data risk management. Request a demo of Procipient^® today to see how it overcomes the challenges of data maintenance.