Can my business recover from a data breach?

Can my business recover from a data breach

In a world where information spreads faster than ever, the reality of a data breach has become a major fear for all sorts of organizations. A 2023 IBM report shows that the average global cost of a data breach has reached $4.45 million, an increase of 15 per cent in three years. These numbers reflect the financial severity of corporate security incidents, as well as the possibility of recovery for companies that suffer such breaches.

Deep and lasting impact

 

The consequences of a data leak are many and far-reaching. Loss of reputation is one of the most damaging, resulting in diminished trust, a vital issue in the modern marketplace. Companies that suffer a data leak often find themselves alienated from customers and struggling to win new business, as trust is just as important as capital in the information age.

Beyond that, the financial costs associated with a breach can run into the millions. These include immediate damage control, regulatory fines and litigation that can last for years. Productivity is also affected, as resources that should be spent on growth and innovation are diverted to contain the loss of information and to repair compromised systems.

 

A strategy to respond is essential

 

Recovering from a data leak is not an easy task. The first recommended action is to identify the cause of the leak, if it’s from human error, technological failure or a cyber attack, and to contain its spread.

 

Prevention is always the best course of action

 

While knowing how to deal with the consequences of a leak is important, prevention is even more relevant. With the tuvis security solution, you can protect sensitive data before it is leaked or attacked. Check it out:

Integration: tuvis integrates WhatsApp with your company’s security systems, allowing you to monitor and detect threats in your messaging applications.

DLP system: tuvis also has its own data leakage prevention system, where the company manager can register terms or types of files that cannot be sent via WhatsApp, for example, so that the system blocks them or even allows them to be sent, notifying the manager to monitor the sensitive terms being exchanged, thus preventing data leakage.

Control: Authorized number control via single sign-on (SSO), access control by time of day and authorized number per login.

Although the data leak scenario is alarming, organizations can recover and strengthen their defenses. Implementing preventative measures such as tuvis solutions and creating an effective response plan are essential to minimizing the impact and restoring confidence. In this way, organizations are prepared to face the security challenges of today’s world.

Count on tuvis to help you get there. Book your free demo here.

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How should companies deal with data leaks?

Understanding of AI’s impact on business

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