Four Major Reasons for Data Leakage
In the present scenario today, not a day goes by when the data breach issues don’t hit the headlines of the newspaper and forums. Data leakage is defined as the illegitimate transmission of data of an organization to an external party or destination. Mostly done via email and web, it has now expanded its ways through mobile data storage devices such as optical media, USB keys, and laptops.
Generally, health service providers, finance and legal services, accounting and management services, education, and business services are most affected with data breaches. Till date, thousands of reputable companies including Target, Home Depot, Adobe, eBay, JP Morgan Chase, and Yahoo have become victims of a data breach compromising information of millions of users and billion dollars of profit.
Regardless of what is the size of the business, data leakage can cause serious damage. Other than the declining revenue, the organization has to face a tarnished reputation amongst its old clients and partners and heavy penalties.
Following are the major reasons for data leakage that you should know:
The majority of data leak incidents happen unintentionally and unplanned. An employee may share a critical piece of information with the wrong recipient or forget to logout his/her email loaded with confidential mails. Unfortunately, whatever is the reason, your organization will end up losing the data to an outsider who can cause immense harm to your business and engross you with unwanted lawsuits.
Weak or Stolen Passwords
Although it may sound obvious to you, setting weak access to precious information is one of the major causes of a data breach. The credentials or passwords that are easy to guess or gained from phishing attacks or keylogging malware are great opportunities for potential hackers. The simplest solution to avoid this vulnerability is to set complex passwords and never share them with everyone. Also, create multi-factor authentication that asks employees to prove their identity and your permission to log into the system.
Human error or negligence is the most common reason for an organization losing its valuable data. Leaving behind laptops or cell-phones carrying intimate details is an open invitation to a disguised thief who is waiting to leak your sensitive data online. While your employee may have signed an employment contract to sustain the trust between you two, there is nothing that can stop him from leaking out the restricted facts and figures of the organization in return for some money.
Malware and phishing are other common ways to gain access to users’ computer systems and tablets by asking them to fill sensitive particulars or click on a web page link with a malicious code that could allow an attacker to retrieve the information they need. He may sell it for hefty pay-outs or to bring down his enemies in the industry. Thus, be wary of accessing websites or opening emails that seem suspicious of their origin.
Besides, take the relevant preventive measures to keep data leakage threats at bay. Also, the contact number of a data recovery service provider should always be on your speed dial to be able to call him in case of emergency data retrieval.