Data security is more important than ever because of an expanding cyber attack surface, frequent supply chain attacks, and evolving AI threats. The global average cost of a data breach reached an all-time high of $4.45 million in 2023, according to the 2023 Cost of a Data Breach Report by IBM Security.
In this article, you’ll discover the main data security strategies and 10 methods of protecting data that apply to most industries. These data protection methods will also help you comply with data security laws and regulations.
Data threats and benefits of maintaining data security
Below, we overview the data security field, highlight the key benefits of robust data security systems, identify the types of data that require protection, and outline the critical threats organizations face. Let’s dive in.
What is data security?
Data security is a combination of processes and tools that aim to protect an organization’s sensitive assets. Valuable data must be protected both at rest and in transit. Security officers should also consider other vectors of data security such as safe data creation and use.
Efficient data protection measures involve implementing real-time monitoring and quickly reacting to any suspicious events to make your data resilient to fraudulent activity.
Why does data security matter so much that authorities and regulators constantly create new data security guidelines and requirements?
Main benefits of robust data security
Let’s take a look at the key benefits of high-level data security in your organization:
5 benefits of strong data security
Safeguard information
Strengthen your reputation
Comply with data security requirements
Reduce litigation expenses
Enhance business continuity
1. Safeguard information — Knowing your information is protected from both internal and external threats can give you peace of mind. Thus, you’ll have more time to concentrate on your business strategies rather than worrying about data leaks.
2. Strengthen your reputation — Organizations and businesses that are looking for long-term cooperation always pay close attention to the reputation of their potential partners. Applying reliable security measures to protect data also inspires your customers’ trust.
3. Comply with data security requirements — Implementing data protection and security best practices can help you comply with data security requirements. This will help your organization avoid extensive fines due to non-compliance.
4. Reduce litigation expenses — Preventing an incident from happening is always more cost-efficient than dealing with its consequences. The more time and effort you spend on data security, the less money you’ll spend on containing and recovering from a potential incident.
5. Enhance business continuity — Robust data security and privacy best practices contribute to uninterrupted operations, reducing the risk of business disruptions and, consequently, revenue loss.
Which data needs protection?
To understand which data is at risk, let’s first take a look at the types of data most commonly stolen:
Your organization’s sensitive data must be guarded according to relevant laws and regulations in your industry and jurisdiction.
In the table below, you can see some of the most commonly breached types of sensitive data and the laws, standards, and regulations that govern their protection:
IT compliance requirements for three important types of data | |
Data category | Relevant laws, standards, and regulations |
Financial data | Payment Card Industry Data Security Standard (PCI DSS), SWIFT Customer Security Programme (CSP), Sarbanes–Oxley (SOX) Act, Gramm-Leach-Bliley Act (GLBA), System and Organization Controls (SOC) 2 |
Personal data | General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), California Privacy Rights Act of 2020 (CPRA) |
Protected Health Information (PHI) | Health Insurance Portability and Accountability Act (HIPAA) |
Additional IT standards to consider are NIST 800-53, NIST 800-171, and ISO 27000 Series.
We also have articles about data protection in specific industries. For instance, you can read our dedicated article on data protection in the insurance sector.
Key threats to corporate data
No system is 100% immune to misconfiguration, insider threats, and cyber attacks. An organization’s sensitive data can get lost, damaged, or obtained by the wrong people.
Here are the key threats an organization’s data or systems may face:
In this article, we focus on internal human threats, as even external cyberattacks are often caused by employees’ actions — 74% of all data breaches include a human element, according to the 2023 Data Breach Investigations Report by Verizon.
To understand how data is compromised, let’s recall a few examples of data breaches caused by insiders:
- Human error and negligence — A legitimate user can make errors due to negligence, lack of attention, fatigue, and other human factors in cybersecurity.
In January 2023, adversaries tricked a Mailchimp employee into revealing their login credentials through a social engineering attack. As a result, at least 133 Mailchimp user accounts were compromised. Some of those were the accounts of well-known companies like WooCommerce, Statista, Yuga Labs, Solana Foundation, and FanDuel.
- Malicious insiders — Internal users may intentionally steal, damage, or destroy an organization’s data for their own benefit.
In August 2023, two former Tesla employees were blamed for leaking the personal data of Tesla’s current and former employees to a German newspaper. Their actions resulted in the exposure of the personal data of 75,735 people, potentially subjecting Tesla to a $3.3 billion GDPR fine.
- Privilege misuse — Users with elevated privileges can engage in various types of sensitive data misuse or improper data handling.
In May 2022, a research scientist at Yahoo allegedly stole intellectual property on their AdLearn product after receiving a job offer from their competitor, The Trade Desk. Yahoo claims that this incident compromised their valuable trade secrets while giving competitors a major leg up.
- Third-party threats — Data security threats can come from partners, vendors, and subcontractors with access to your organization’s sensitive data. Third parties can also become intermediaries for outside attackers, as in some supply chain attacks.
In June 2023, Zellis, a payroll solutions provider operating in the UK and Ireland, faced a data breach due to the exploitation of a zero-day vulnerability in their vendor, MOVEit. Several Zellis customers have been impacted by the breach, including BBC, Boots, British Airways, and Aer Lingus. Personal data of thousands of their employees could be compromised.
All of the threats described above may jeopardize your sensitive data and disrupt your business operations:
However, if you notice and respond to a data security threat in a timely manner, you can efficiently mitigate its consequences.
How to secure data in your organization?
To answer this question, let’s take a look at the main ways to secure data. According to Gartner, the key four methods of protecting data are:
1. Encryption — prevents unauthorized parties from reading your data.
2. Masking — suppresses or anonymizes high-value data by replacing sensitive information with random characters. You can also substitute data with a low-value representative token; this method is called tokenization.
3. Data erasure — involves cleaning your repository of data that is no longer used or active.
4. Data resilience — involves full, differential, and incremental backups of your critical data. Storing your valuable data in different locations helps to make it recoverable and resilient to different cybersecurity threats.
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Now, it’s time to examine the fundamental principles behind strong data security.
Core data security principles and controls
Confidentiality, integrity, and availability form the CIA triad, which is vital to ensuring strong data protection:
- Confidentiality — Data is protected from unauthorized access.
- Integrity — Data is reliable and correct, and sensitive information is guarded against illegitimate changes.
- Availability — Data is easy to access for all legitimate users.
To adhere to these three principles, organizations need practical mechanisms called data security controls. These are countermeasures for preventing, detecting, and responding to security risks threatening your valuable assets.
1. Administrative controls
Guidelines, procedures, and policies for achieving an organization’s security goals
2. Physical controls
Physical restrictions that ensure data security, such as locks, boxes, fences, and cards
3. Technical or logical controls
Automated software tools for protecting digital data from possible security risks
The 10 best practices for data security and privacy that we describe below cover these controls as well as major compliance requirements of data security standards, laws, and regulations.
Top 10 data security best practices for your organization
While different businesses, regions, and industries may require different data protection practices, we have selected the best practices that will suit most organizations. If you’re wondering how to ensure data protection in your organization, follow these top 10 data protection best practices.
Now, let’s talk about each of these data security and privacy best practices in detail.
1. Define your sensitive data
Consider reviewing your data before implementing security measures:
First, assess the sensitivity of your data. There are three data sensitivity levels:
- Low-sensitivity data — Safe to be seen or used by the public, such as general information published on websites.
- Medium-sensitivity data — Can be shared inside the organization but not with the public. In case of a data leak, there will be no catastrophic consequences.
- High-sensitivity data — Can only be shared with a limited circle of insiders. If compromised or destroyed, it can have a catastrophic impact on the organization.
It’s also vital to ensure visibility into your data so that you can have a better understanding of what information needs protection the most. Read on to discover the best practices that’ll enable you to see and review all actions connected to your sensitive data.
2. Establish a cybersecurity policy
The second task is organizing all your cybersecurity mechanisms, activities, and controls to form a working strategy. Make your organization’s human and technical resources effectively support your data security efforts by implementing a data security policy:
6 tasks for creating a data security policy
1
Create a data usage policy
2
Implement a risk-based approach to data
3
Conduct a database audit
4
Implement patch management
5
Restrict the employee termination procedure
6
Appoint a data protection officer
Create rules governing your organization’s sensitive data for your data usage policy. It should contain guidelines for employees, stakeholders, and third parties when handling data.
Implement a risk-based approach to data. Assess all risks connected to the use of data in your organization along with data weak points. Then, concentrate on the highest risks first.
Regular database audits help you understand the current situation and set clear goals for further data defense. They allow you to track all user actions and see detailed metadata at any time.
Apply a proper patch management strategy. This is a list of steps and rules to patch vulnerabilities inside your corporate environment or just in code. Conduct patches regularly and document all actions accordingly.
Terminate employees thoroughly, from monitoring and recording employees’ activities and operations with critical assets to fully revoking access rights.
Also, consider appointing a data protection officer (DPO) who will:
- Control compliance with data security requirements
- Give advice on data protection measures
- Handle security-related complaints among staff, providers, and customers
- Deal with security failures
You may also refer to common examples of IT security policies to find the most suitable ones for your organization.
3. Build an incident response plan
An incident response plan sets out actions to handle cybersecurity incidents and mitigate their consequences in a timely manner. You can refer to HIPAA, NIST 800-53, PCI DSS, and other standards, laws, and regulations that set incident response requirements.don’t forget to:
- Define security incidents, their variations, and the severity of their consequences for your organization
- Choose people who will be in charge of handling an incident
- Conduct a security audit, improve your plan based on previous incidents, and make an extended list of incidents your organization may face
- Create a communication plan and a list of authorities you should inform in case of an incident
Also, create a data recovery plan to make sure you can restore the data and systems quickly after a potential incident.
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4. Ensure secure data storage
Before enforcing other data protection practices, ensure that data is stored securely at all levels:
3 tasks for safe data storage
1
Secure physical storage
2
Implement data-saving methods
3
Manage all devices
Carefully store physical media containing your data. It’s important to use waterproof and fireproof storage media. In addition, guard your data with deadbolted steel doors and security guards.
Furthermore, pay special attention to how you secure your data with the help of modern technologies. We’ve already talked about backups, encryption, masking, and confirmed erasure as the four main data security methods to safely store your files.
Consider deploying USB device management tools to secure all data stored on devices. Secure information on mobile devices and data shared via removable storage devices. Don’t forget about solutions that enable visibility and notifications on suspicious activity on devices that contain sensitive data.
5. Limit access to critical assets
Thoroughly protect data access as your starting point:
3 tasks for efficient access management
1
Control physical access
2
Implement password and identity management
3
Apply the principle of least privilege
Physical access controls protect access to data servers through locking and recycling of databases, video surveillance, various types of alarm systems, and network segregation. They should also ensure secure mobile device and laptop connections to servers, computers, and other assets.
Control all of your data access points and enable efficient identity management with biometrics and multi-factor authentication. Password management helps you create and rotate passwords automatically and increase the security of your entrance points.
You can also reduce insider risks by adopting privileged access management (PAM) best practices, such as the principle of least privilege or just-in-time approach, which implies giving elevated access to users that really need it for a specific task and for a limited time.
Don’t forget to secure access to your most critical data from any device and endpoint. The continuing trend of remote work and hybrid work models is leading to an increasing demand for secure access management solutions.
Privileged Access Management with Syteca
6. Continuously monitor user activity
Consider enhancing your organization’s visibility with user activity monitoring (UAM) solutions. Comprehensive real-time monitoring of all employees with access to sensitive information may also include:
The ability to view any user session related to your sensitive data at any time and receive alerts on abnormal user activity can help you secure interactions with your critical assets. This way, you will have a much greater chance of avoiding a costly data breach.
7. Manage third-party-related risks
It’s crucial to implement third-party security controls to minimize exposure to potential data breaches. Third parties may include partners, subcontractors, vendors, suppliers, and any other external users with access to your critical systems. Even if you trust third parties, there’s a chance their systems are vulnerable to hacking and supply chain attacks.
In addition to monitoring third-party vendors’ sessions on-premises and in the cloud:
- Make sure you clearly understand what your third-party landscape looks like, and define workers who control and process your data
- Sign a service-level agreement (SLA) with third-party service providers
- Ask for regular accountability to be sure data security standards are maintained
- Work with your vendors to improve your mutual security
Third-Party Vendor Security Monitoring with Syteca
8. Pay special attention to privileged users
Keep in mind that privileged users have elevated rights to access and alter your organization’s sensitive data. Privileged account and session management (PASM) functionality serves to fully control access to as well as monitor, record, and audit sessions of privileged accounts.
Consider implementing five core PASM features:
Privileged accounts can pose the greatest insider threats from data mishandling, privilege abuse, or data misuse incidents. But simple solutions and strict controls can mitigate most of these risks.
9. Educate all employees on data security risks
It’s important to educate your employees on how to handle your corporate assets securely and how to recognize malware and social engineering attempts.
Don’t forget to provide new training to give up-to-date information about the latest data threat landscape. Also, consider creating introductory training for new employees. It’s vital to educate your staff and trainees regularly.
5 tasks for corporate data security training
1
Tell about negligence and malware
2
Teach how to handle your corporate data
3
Give tips for preventing phishing attacks
4
Show security measures for each endpoint
5
Ask trainees and employees for feedback
According to the people-centric approach to data security, employees play a major role in your threat mitigation process. Knowledge can significantly reduce people-related data leaks and make security measures more obvious for your employees.
10. Deploy dedicated data security software
Look into deploying a specialized data protection solution to control the security of your sensitive data. When implementing security software, give preference to solutions with the following capabilities:
- User activity monitoring
- Automated access management
- Notifications on security events
- Auditing and reporting
- Password management
Moreover, you might need to ensure the visibility of various types of devices and endpoints from one place. Deploying too many different tools and solutions isn’t always effective, as it can slow down your IT and security management processes, increase your expenses, and complicate maintenance.
That’s why we recommend you choose an all-in-one solution like Syteca. Read on to find out how Syteca can help your organization enhance data security.
Securing data with Syteca
Syteca is a full-cycle insider risk management platform that can help you protect your data in accordance with requirements established by the PCI DSS, GDPR, HIPAA, SOC 2, and other standards, laws, and regulations.
You can implement the required technical data security controls by deploying Syteca. Our platform has the capabilities to help you protect data from insider threats and follow the data security best practices described above:
- Privileged access management (PAM) — manage user access rights, passwords, and sessions of privileged users and regular employees
- Identity management — implement two-factor and secondary authentication to secure user accounts and ensure user accountability
- User activity monitoring (UAM) — get complete real-time visibility into user actions with your data
- Incident response to suspicious events — detect and contain security threats with the help of customizable user activity alerts and incident response capabilities
- Cybersecurity incident investigation — conduct audits and generate reports on user activity related to your sensitive information on all data security vectors, and even in the case of incidents
These features of Syteca allow you to deter, detect, and disrupt insider threats to your corporate data and provide all necessary details during a forensic or internal inquiry.
Interested in how Syteca compares to other insider threat management solutions? See why Syteca is a worthy alternative for Proofpoint and other ITM products.
Conclusion
Data security aims to protect data during its creation, storage, management, and transfer. Insiders can pose risks to your organization’s data by violating security rules on purpose, mishandling data, or having their accounts compromised.
Consider implementing the best practices described in this article for optimal data security. Deploying Syteca is a practical way to enhance the protection of your data against people-related threats and comply with industry requirements.
and test its capabilities in your IT infrastructure!