3 Data Protection Tips For Tech Companies

A recent survey found that 75% of business leaders consider cybersecurity a top priority. But only 16% of executives say their companies are ready to manage cyber risks, according to Mckinsey & Company. Over the past decades, government institutions and financial firms were the primary targets of cybercrime. Today, cyberattacks have become a universal threat to all forms of small and large businesses. However, tech companies are more exposed to cyber risks. That’s because all their business functions are tied to the online world, with confidential data stored in the cloud. 

As a tech business owner, keeping customer data and company information safe should be of utmost importance. To achieve the best outcomes, though, you must understand and implement crucial data security best practices. Below are three data protection tips for tech companies to protect themselves from cyberattacks. 

Know where your data is

Knowing the type of business information you’re keeping, and the exact storage location is one of the most vital steps to providing adequate data protection. This move enables tech companies to identify their data flow and its weak points. As a result, business leaders can make informed decisions regarding their measures to keep company data safe. In most cases, large companies in the tech industry utilize different data discovery tools for scanning their networks to detect potential data breaches. By leveraging these tools, businesses can delete or encrypt any information they find data on computers not authorized to access their networks.

Create strong data privacy policies

Collecting and sharing data has become an integral part of business in today’s digital economy. But for a tech company to make the most of the data it’s collecting; it needs to have tight security measures to ensure customer information doesn’t fall into the wrong hands. And the most effective way to protect customer information is by creating data privacy policies. 

Make sure your privacy policy provides customers a clear explanation of how you’re using and protecting their data. Most importantly, your privacy policy should be compliant with WORM data storage rules. According to industry experts, WORM compliance is vital in satisfying data storage regulations that ensure information isn’t tampered with or deleted in any way. Ideally, WORM (write once, read many) data storage keeps records effectively as a snapshot of frozen time. Tech companies serious about being WORM compliant tend to use cloud storage solutions to enhance data protection.  

View data privacy regulations as opportunities 

In an era where data protection is essential for business success, transparency should be a top consideration for compliance and building robust privacy policies in your company. With this in mind, view privacy regulations as opportunities and not limitations. As a tech leader, you should look for creative solutions for protecting company data. Taking advantage of providerless tech, for instance, can help you transform regulations most businesses fear into a real boost for your tech infrastructure. With the proper infrastructure and data protection policies in place, you’ll be in a good position to enhance your customer experience. 

Data protection has become an essential part of running businesses, especially those in the tech industry. With more and more business functions being managed online, businesses of all sizes are at high risk of cyberattacks. To protect your tech business from data breaches, ensure you know where you’re storing customer and company information. Most importantly, create solid privacy policies and take advantage of data protection regulations to secure business information.