The role of data security and cloud computing in staying secure

In a world where technology is increasingly becoming more present in our daily lives, the threat of cybercrime has become a major concern for both individuals and corporations alike. The potential damage it can cause to an organization's IT infrastructure, as well as its reputation, could be devastating

- Ratan Dargan

Businesses today rely heavily on technology for a wide range of operations, but this reliance also carries the risk of cyberattacks. Cybercrime can have catastrophic effects on a business and even result in its permanent closure. Data loss and damage, intellectual property theft, financial data theft, operational disruption, reputational harm, and other issues are some examples of this phenomenon. The scale and sophistication of these cybercrimes must be acknowledged by organisations today. However, many of them don’t discover until it’s too late that their IT environments have been compromised. Statista estimates that worldwide data breaches resulted in the exposure of about 15 million records of data in the third quarter of 2022. Comparing this figure to the prior quarter, it had increased by 37%.

The cybercrime team is likely to have compromised numerous systems and applications between the initial breach and detection, worked methodically to increase its privileges within the environment, and compromised, deleted, or encrypted data during that time. As a result, businesses that come under these attacks incur higher costs and sometimes have to pay a hefty amount in order to settle the claim. To deal with such situations, organisations must be prepared and implement appropriate cyber-security measures.

Tackling cybercrime: How data security and cloud computing can help