Every day, technological revolution is profoundly shaping economic and social activity across the planet. And as the digital world grows, cybersecurity becomes even more critical to the credibility and strength of businesses.
So, if you understand the importance of data protection, what would you do when your organization falls victim to fraud and sensitive information leaks?
Exposure or omission: what to do?
Data leaks are no longer something new, but the public disclosure of cyber-attacks is a sensitive issue for companies. However, a lack of transparency can affect not only the health of the organization, but also corporate and social relationships with customers and partners.
In May 2024, the Securities and Exchange Commission (SEC) fined the stock exchange operator Intercontinental Exchange (ICE) $10 million for failing to notify authorities of a cyber intrusion that occurred in April 2021.
In Brazil, the National Data Protection Agency (ANPD) condemned the National Social Security Institute (INSS) for failing to report a leak of sensitive information between August and September 2022. In addition to receiving a warning for violating the General Data Protection Law, the Institute was required to post information about the breach on its platforms for 60 days. According to the ANPD, failure to disclose the incident could be harmful to the rights of account holders.
When it comes to digital security and privacy, reporting large or small incidents is part of the strategies to restore and improve a company’s operations. Hacking attempts and digital fraud are risks that need to be considered and handled well when they occur.
Transparency, resilience and prevention
In the digital world, businesses need to be prepared to deal with incidents and breaches. Considering that, corporations must be backed by a secure system that protects sensitive information and data.
According to IDC’s Worldwide Security Spending Guide, total investment in cybersecurity services across all industries is forecast to reach approximately USD 184 million (R$902 million) by 2024. Business leaders are emphasizing that investing in technologies that help protect data is essential for competitiveness in the marketplace, empowering employees, reinforcing commitment to the security of sensitive information and preventing cyber-attacks.
In order to maintain compliance and security in their operations, companies need to invest in resources that help them achieve good results. With tuvis, businesses are protected by proactive monitoring with a DLP (Data Loss Prevention) solution, a technology that detects potential threats to the business, prevents data loss and blocks risky activities by identifying suspicious actions on the corporation’s communication channels, such as WhatsApp messages. This enables security teams to quickly detect and resolve cyber-attacks.
Being the target of a cyber-attack and suffering data leakage does not mean your organization was negligent. But you do need to report security breaches in your business systems to the authorities and strengthen your data protection management.
Check out the tuvis solutions and see how security, productivity and compliance can be aligned to help your business grow and gain the trust of partners and customers.
