This article was originally published at: https://herforward.com/data-security-challenges-in-2024-how-to-keep-your-business-protected/

Data security has always been a primary concern for businesses. All it takes is one breach, one attack to bring your company to its knees. Not only can it result in data or finances being stolen, but it can also have long-term ramifications on its reputation. Even if you have been operating for decades, one breach can cause irreparable damage. 

The problem is that, in 2024, cyberattacks are more sophisticated and prevalent than ever. This is why it’s more important than ever to ensure your data security is in tip-top shape. To make that a reality, here are a number of important tips to keep your business protected. 

Encryption 

In 2024, encryption remains one of the most effective tools for protecting data. By encoding information, encryption means data remains confidential and only accessible to the right individuals with correct decryption keys. 

Your business should implement strong encryption standards for both data at rest and data in transit. This does lead to extra work, as you must encrypt sensitive information not only when it is stored on servers, but also when it’s sent across networks. Advanced encryption standards like AES-256 are recommended. These supply a high level of security – to the point where they’re currently considered unbreakable. 

Secure Data Storage

As you already know, secure data storage is imperative for protecting critical business and customer information. To prevent unauthorized access and leaks, your business should invest in an infrastructure that delivers built-in security features – including physical security measures, data redundancy, and regular backups.

Cloud storage solutions, particularly those with stringent security certifications, can be a viable option. These solutions often provide robust defense mechanisms, such as disaster recovery protocols and automated patching. Regarding the latter, it’s essential to regularly update and patch your storage systems to protect against vulnerabilities. 

API Gateways

An API gateway is a key component in modern IT architecture. This is especially the case for businesses that rely heavily on software applications and services.

This gateway functions as a protective barrier, where it manages, authenticates, and routes API traffic between clients and services. API gateways help enforce security policies, limit API access based on credentials, and monitor traffic for suspicious behavior. 

Identity Management Solutions

When you implement effective identity management, it ensures only authorized users can access your network and sensitive data. Comprehensive identity management solutions include: 

MFA, in particular, delivers an extra layer of security. It requires users to verify their identity not just with a password, but also through extra authentication, like entering a passcode sent to their smartphone. 

Regular Security Audits 

There’s no sitting around when it comes to managing your security. Vulnerabilities can quickly appear. This is why conducting regular security audits and compliance checks is essential. 

Audits should be comprehensive. They must cover every aspect of your organization’s security infrastructure, from cybersecurity measures to employee access controls. Moreover, staying informed about changes in data protection regulations – and adjusting your strategies accordingly – can protect your business from potential legal consequences.

This article was originally published at: https://herforward.com/data-security-challenges-in-2024-how-to-keep-your-business-protected/

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Her Forward is a US news publication founded by Michael Peres (Mikey Peres) in 2021. Our publication is dedicated to bringing you the latest news and insights on female entrepreneurs and leaders.