Significance of Data Protection in Digital Transformation Age

The world is currently making steps forward on the digital transformation journey. And organizations across industries are rapidly transforming and adopting new-age technologies to fuel their business operations demand. However, this surging adoption has also led security concerns over privacy and protection of data, creating an attack surface for malicious actors.

According to industry reports, digital transformation and the external threat landscape in some way have overtaken enterprise security capacity. In the 2017 State of Enterprise Digital Defense Report by IDG Connect, around 40 percent of organizations had experienced five or more significant security incidents in the past 12 months.

Thus, as digital transformation is altering the way businesses are performed, it gives an opportunity for companies to reconsider everything, from how they operate and deliver value to their customers.

Data Explosion in the Digital Age

Digital transformation impacts every industry and all-sized organization, creating a new class of business. Its impact still is enormous and forcing companies across the globe to perform and react to changing business rules. Digitalization also brings a certainty where adversaries need to capitalize on the new level of connectivity and exploit companies’ digital presence.

Digital transformation also encompasses an explosion of digital data both in volume and velocity. And that can be challenging for organizations as it requires effective data integration, robust analysis along with ensuring and prioritizing data privacy.

Digital data these days is growing at an unprecedented rate and will continue to grow as more and more people will make use of the internet of things devices. So, it is the companies’ responsibility to keep safe individuals’ data and maintain their privacy at whole.

Since digital data can be used, reused, copied, moved, and processed inexpensively, without degradation, at a very fast pace, and globally, it has the ability to drive economies at large.

Securing Sensitive Data

The increasing number of security breaches and cyberattacks, where data being mined, monetized and resold, not only put customers in trouble but also harm and cause financial, reputational and legal damages to companies. Thus, to thwart such breaches, data protection framework not just remain an IT task but a strategic business imperative.

Even, governments around the world now are countering the increased demand for data protection through bringing different legislations. For instance, the EU’s General Data Protection Regulation (GDPR) is a revolutionary data privacy law in the digital age. The law has brought new rights for individuals, including the Right to be Forgotten and the Right to Portability. In addition to these, it has also made breach notification mandatory.

Many other countries like Brazil, Thailand and recently India have also introduced data protection law into their regions.

Cybersecurity is also making its way into the business landscape, giving new and innovative security options to companies. Since data privacy is top of mind in every industry these days, organizations are increasingly looking toward implementing transparent and secure mechanisms. And to accomplish the right security strategy, companies must perform regular training on new, emerging digital technologies.

They also must embrace cybersecurity solutions and train employees on this evolving security option, conduct regular penetration testing to unveil potential vulnerabilities, and make use of applications and devices that have in-built security.