Growing Risks to Digital Data

The ever-growing amount of digital data and the increasing complexity of cyber threats have made data security more important than ever before.  In 2023, companies must take steps to elevate your data security to protect both your own information and that of your customers.

One of the main risks to digital data today is the increasing sophistication of cyber attacks.  Hackers are using more advanced techniques to bypass traditional security measures—such as using machine learning to evade detection and launching targeted phishing and spear-phishing attacks against specific organizations.  Companies must be prepared to defend against these types of attacks by implementing advanced security measures, such as artificial intelligence-based security solutions, and regularly updating and patching your systems.

Another risk to digital data in 2023 is the growing number of connected devices and the Internet of Things (IoT).  As more devices are connected to the internet, the attack surface for hackers becomes larger, making it easier for them to gain access to sensitive information.  Companies must take steps to secure your IoT devices and to ensure that those devices are not used as a means to gain access to other systems.

Further, the use of cloud services and the increasing amount of data that is stored in the cloud has also increased the risk of data breaches.  Companies must ensure that your cloud services are properly configured and that you are using a reputable provider with a strong track record of security.  Companies also need to implement strong access controls and encryption to protect data stored in the cloud.

Protecting data against the growing risks in 2023 requires a multi-layered approach that includes regular updates and patching, securing IoT devices, properly configuring cloud services, adopting advanced security measures such as:

• Blockchain technologies for tamper-proof record keeping with no single point of failure
• Digital signature technologies to authenticate and authorize remote transactions
• Identity-as-a-Service solutions for scalable identity and access management (IAM)
• Passwordless authentication to reduce the human risk in security systems

Organizations that fail to take these steps will be at a higher risk of data breaches and will be more vulnerable to cyberattacks.

It is important to remember that data security is not only important to protect your company’s information but also to protect the personal data of your customers and employees.

To read more about the growing risks to digital data in 2023—and learn how adding blockchain, digital signature, IDaaS, and passwordless authentication technologies to your security stack can combat those risks—download our eBook today or contact us to start a discussion!