Data has completely changed the way businesses, individuals, and even governments operate and just like any other incredibly valuable resource, it is quite difficult to protect. Being a digital asset, there are a lot of threats that data needs to be protected from. What makes this problem even more complex is that the threats are continuously changing and defense mechanisms also need to be updated just as rapidly to counter this problem. Let's look at the four biggest challenges in data security today.
1. Data Growth
While managing data is quite a problem in itself, this problem is only compounded by the fact that there is a huge, continuous influx of data every second. Data is being generated all over the world and data banks are continuously being updated with more and more data. While more data makes for better analytics, and specific businesses enjoy having more data, but managing large amounts of data is difficult. Moreover, massive amounts of data are expensive to both store and process. With so much data being uploaded businesses have very little time to process and store this data, and the longer it stays unprocessed, the more vulnerable it is, which is why it is very challenging to quickly process large amounts of data.
2. Data Protection
Data is a resource that can be used for a variety of purposes and helps businesses in many ways. Though losing data to a security breach not only means that a business loses this valuable resource but it often means that the business is now liable to pay a hefty amount in the form of fines, penalties, and possibly lawsuits. This makes data loss an extremely expensive accident for any institution. Moreover, protecting data and developing the right infrastructure which can securely store data is not cheap either. Therefore businesses often find it difficult to find economical ways in which they can procure, store and protect data.
3. Complex EnvironmentIn the past, the internet wasn't that large and devices that were able to employ data-driven services weren't that common either. Overall, digital technology was a service that was used by a very small group of people, and most of these users were visiting through easy-to-manage portals. As technology has exploded, the internet has become a landscape that has billions of visitors every day and all these users are accessing the global network through millions of different devices. Just mobile devices alone have such a variety that it makes it very difficult for businesses to manage data for such a diverse range of platforms. Moreover, the massive number of people that are using the internet is a problem in itself. While it’s great that they generate data in large amounts, processing all of it is a challenge. While there are several tools and services that businesses can use to streamline their networks and how they manage this traffic, these solutions are not always cheap or easy to navigate.
4. Data Is Managed By Humans
Even with advanced data management software and AI-powered systems to handle data, there is still a large human element when it comes to data management. Moreover, the areas of individual data protection are completely dependent on a person's ability to safely manage their data. In the case of remote working, a lot of the data-related problems that have occurred are due to poor data management strategies by the end-user. Employees and business owners who don't know how to safely manage their data and don't know what the best solutions are for keeping themselves safe online easily fall prey to digital attackers. Due to a lack of training and because they are unfamiliar with the latest safe practices, users set themselves up for attacks when they expose themselves to cybercriminals.
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