Life & Culture

Why you need a workplace culture that includes data security

According to IBM’s 2021 Cost of Data Breach Report, the average cost of a data breach this year was $4.24 million, 38 percent of which was due to business loss: reduced revenue, system crashes, and reduced reputation.

While we traditionally look to our IT departments to manage security programs, provide employee training, and implement policies to keep us and our data safe, this simply isn’t enough.

There is an old saying: “You are either hacked or you are going to be hacked or you are currently being hacked”.

This does not necessarily mean that a data breach is inevitable, but we should not think of a data breach as unlikely. Our approach to data security must include not only IT safeguards, but also business continuity planning, incident response planning and crisis communications planning. It’s time to shift our thinking from simply preventing data breaches to minimizing damage when they occur.

The best way to mitigate the impact of a data breach is to create a culture in the workplace where it is natural for employees to think about data security, and this initiative should be management-led and involve human resources, operations and communications, working hand in hand with IT.

Even a small business, without a lot of security tools, can help itself in this way. Most of the time, it’s not the fact that a company has been hacked that causes the biggest problems, but rather what the hackers find.

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