Data Management: Why it is Essential to Data Security
Too many companies find themselves in the news after a data breach. It's unflattering. Small wonder C-level execs and government leaders are reevaluating their data security practices. They often overlook the most critical aspect of a robust data security system. Before you can address data security, you need comprehensive data governance. Without it, efforts towards securing your data may prove futile.
Do you know how your organization manages data? Do you know who has access to it and how they share it? Do you know what processes ensure data quality? Until you can say yes with confidence, you are pretty much in the dark on how to defend your data. Only with proper data management can you realize the real value of your data and find ways to protect it.
Hackers understand that most organizations do not have their "Data House" in order. Organizations that put a low priority on Data Management are vulnerable to attack. The best defense against cyber theft is to get your "Data House" in order with data governance.
Local governments are an easy target for hackers. The International City/County Management Association found 44% of respondents reported daily cyber-attacks. The two most notable ones this year so far were Atlanta and Baltimore. The collateral cost of many of these breaches run into hundreds of millions. But funding usually goes to plugging holes in the IT perimeter. Addressing foundational and structural data management can give a better return on investment.
The other easy target for hackers is small business, and not only your corner store, mom and pop shops. The US Small Business Administration reports that 43% of cyberattacks target companies with up to $35.5 million in sales and 1,500 employees. Two things make these businesses vulnerable. They can't spend money on the right fixes, because they are not aware of what the right fix is. Of course, the correct fix is to secure their data foundation and promote a culture that protects data.
C-level execs and government leaders are not budgeting defensively against data attacks. They cannot, because they lack the awareness of why they are vulnerable. They do spend money on switches and routers, but of course, that is not enough. Data breaches are not an IT problem. They are a business problem. Data security budgets must invest in a secure foundation for data at rest and in motion. Data governance and stewardship are an investment in data security culture.
Target your cybersecurity money where it makes a real difference. In the end, hardware and software will still leave you vulnerable to data breaches. Start playing offense with hackers. Invest in a Neighborhood Watch for your data with enterprise data management.