The news that the data of even the giant companies leaked, which are considered to have certainly taken strict measures regarding data security, occupied the agenda throughout 2020. The truth is wherever there is an internet connection, remote data breaches may occur. And this means that companies that do not take action against cyberattacks may be exposed to data breaches at any time. In this article, we take a closer look at the data breaches talked a lot about in 2020 and the measures that companies can take based on these problems...
First of all, let's take a look at what is a data breach. A data breach can be defined as a security incident that occurs as a result of unauthorized access to confidential data, medical records, financial, personal, or corporate information by malicious individuals or insider threats within the organization. Data breaches, which are among the most common cybersecurity vulnerabilities, can be very costly for companies. It also causes a loss of reputation. Data breaches that can affect all industries pose a threat to businesses of all sizes, small or large.
With the transition of millions of employees to remote working systems due to the pandemic in 2020, the digital transformation processes of organizations unexpectedly accelerated. Therefore, more incidents happened regarding data breaches. The most common types of data breaches in 2020 were:
For enterprises, a data breach is not just a security issue, it is an issue that needs to be addressed in terms of legal obligations. The data breach is defined in the General Data Protection Regulation (GDPR) of EU legislation as “… a security breach that leads to the accidental destruction, loss, alteration, unauthorized disclosure of or access to personal data transmitted, stored or processed”. Personal Data Protection Law defines a data breach as “… obtaining of the processed personal data illegally by others…”. Regardless of the extent of the data breach, cybersecurity incidents at some point infiltrate the public agenda and cause enterprises to suffer serious reputational losses. Companies that condone the loss of reputation as well as the violation of the personal data they are obliged to protect, may face serious sanctions under the Personal Data Protection Law.
In just the first 6 months of 2020, 16 billion data records were captured by cyber criminals. Data breach incidents experienced by world-renowned companies are an indicator of the increasing importance of cybersecurity. Here are the prominent data breach events in 2020...
What happened in 2020 proved that data breaches can affect everyone. So, what should companies do to protect themselves from data breaches?
Generally what needs to be done includes making sensitive data (or information) inaccessible through encryption, protecting sensitive data with data masking methods, strengthening weak account information, and increasing security layers such as two-factor authentication (2FA). It is also important to keep the software of the devices up to date, to require all devices to use a professional VPN service and antivirus software and to encourage user-friendly cybersecurity applications. Implementing powerful solutions for access security should be among the primary goals of all companies that want to be protected from data breaches. Using multi-factor authentication solutions, making use of tools that can even detect threats at endpoints, and developing rapid response methods are among the organizational measures to be taken against data breaches.
One of the most effective methods of ensuring cybersecurity and preventing data breaches within the company is to utilize Privileged Access Management (PAM) solutions, which provide control of users accessing critical data. With Krontech's exclusive access management platform Single Connect, you can protect your business from cyberattacks by providing high level security in accessing critical data.