In today’s modern interconnected world, it’s almost impossible to work with computers and have an IT department without having to think about data loss and privacy laws. This is due to the large and continually increasing number of cyber-attacks which breach hundreds and thousands of businesses each year.

Any business or company operating today have some form of online presence, be it more visible, more global, or more discreet and local. However, no matter the online notoriety your business possesses, online threats and cyber-attacks are always around the corner.

So what exactly are Data Loss and Privacy Laws?

Data loss is something that can happen from both internal and external reasons. Employees can cause internal data loss due to a variety of factors. They may not have saved some files or might have accessed an e-mail and accidentally installed a virus on the company’s IT network.

It can lead to severe data loss. If your company doesn’t have specialized people in charge of managing the backup of files, your entire business can be in jeopardy. Imagine losing the financial data belonging to some significant clients, and not being able to retrieve the data (due to lack of a backup.) Also, you may not be able to tell your customers where their private data even is.

Worst case scenario

Based on today’s online privacy laws, your company can easily be sued. Depending on the importance of the lost data, it could turn into a pretty expensive lawsuit, leaving your company and your company’s reputation tarnished.

How can I prevent Data Loss and be sure to respect Privacy Laws?

Data Loss can easily be prevented by having specialized IT security people handling your entire network. It can be done by creating an entirely new department as part of your IT team. Better yet, you can hire a specialized company which will take care of, and be held responsible, for the entire safe storage, protection and data backup.

It would help you focus on running your business while being sure that all the sensitive and private data is being taken care of by specialized professionals in the field of IT security, all while following the latest Privacy Laws.

Another way you can safely backup your company’s data and be sure that everything is safe and secured, is by creating a Disaster Recovery Plan. Of course, it is not something any IT specialist can build.

Qualified personnel is needed in case of any cyber-attack that leads to the loss of essential data belonging to your company or private data of your clients. In these situations, contracting an outside company is recommended due to their experience obtained by creating several disaster recovery plans for many other companies.

Most affected industries

Industries such as healthcare, biotech, and finance are most likely to be targeted by a cyber-threat, which also makes them the sectors that mostly need a Disaster Recovery Plan. Nobody would like to have their financial or medical data being leaked online, or have their biotech blueprints stolen. It is the worst thing that can happen to a company that handles clients’ data, and it could even lead to losing clients and eventually, the entire business.

If you’re interested in more information about Data Loss and Privacy Laws, be sure to contact our specialized consultants. Here at Managed Solution, we are ready to answer your questions and offer you any additional information you require.