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Top Data Security Trends in 2014

Published on 05 June 14
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Given the great reliance on digital data and various IT systems, data security has now become more important than ever for businesses of all sizes. Read on to learn about the top data security trends in 2014.

Target recently suffered financial losses as well as loss of customer trust due to massive data breaches. Such stories are reported quite frequently in local media but only a few make it to national and international media outlets.

The Result? Many people are still in the dark about the gravity of situation. IT security in Singapore or elsewhere is now more important than most small business owners realize.

Listed below are the top data security trends this year:

Top Data Security Trends in 2014 - Image 1
Customer Data to Get Cheaper in the Black Market

According to a Dell Secure Works, the cost of data breach is coming down. Full identities of customers, for example, are available in the black market at a lesser price now.

This signals the arrival of more players. More hacker groups and scammers are eyeing your business data now!

Take away - If you've been ignoring data security in Singapore, now is the time to have an IT security expert assess the health & potential vulnerabilities of your systems. Do it before it’s too late!

Incident Response Planning Becomes More Common

Data protection in Singapore or elsewhere has to be preemptive in nature. But, at the same time, organizations also need a well defined incident response plan.

Take away - What if a minor data breach leaves your company red faced on Twitter, Facebook or elsewhere? If things go wrong, which they might, how do you plan to contain the damage?
Incident Response Planning Becomes More Common

Data protection in Singapore or elsewhere has to be preemptive in nature. But, at the same time, organizations also need a well defined incident response plan.

Take away - What if a minor data breach leaves your company red faced on Twitter, Facebook or elsewhere? If things go wrong, which they might, how do you plan to contain the damage?
More Companies Will Embrace the Hybrid Cloud

CIOs in mid sized companies are likely to embrace a hybrid cloud portfolio for increased data protection in Singapore.

Depending upon whether an application is on an on-premises cloud, enterprise public cloud or hyper-scalar public cloud, SMEs as well as large scale companies want to choose a combination of cloud solutions so as to move their application data to secure data centers.

Take away - Do you store all of your data on a local workstation? Analyze your IT needs and consider using cloud solutions. Keep your encryption keys safe and make it a point to choose the right architecture. Rest, it shouldn't be scary at all.
This blog is listed under Data & Information Management and IT Security & Architecture Community

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