Data is one of the fundamental concepts that have been included in every aspect of the life of the third wave (network) community by technological developments in digital transformation. Establishing the data stack management and safety has become an important part of running businesses and is highly critical for creating sustainable business models.
At this point, it is imperative to highlight that as the big data of businesses expand, so do the data masses that must be kept safe, since the lack of a hassle-free IT infrastructure for data safety may cause poor corporate image and serious financial loss.
The Cost of a Data Breach Report 2021 prepared by IBM offers striking answers regarding the question, "why is it important to keep sensitive data safe?" Based on the report, the total loss of business originating from data breaches in 2021 increased by 38% based on 2020 and losses increased from 1.52 million dollars to 1.59 million dollars.
On the other hand, the same report shows that the losses due to cyber threats caused by compromised identity data account for 20% of the losses. So, what can be done to establish an enhanced cyber security network in the business world where keeping sensitive data safe is important? Let's answer this step by step.
Identifying sensitive data is prominent as a first step to protect the big data. To successfully identify the mentioned data stacks, you have to have the four basic information specified below.
For instance, by utilizing the Database Access Manager module, you can supervise all users, even database managers, that have access to critical data in your IT infrastructure and control all access interactions. The Database Access Manager module serves as a strong shield to prevent breaches originating from users with privileged access.
The second step indicates monitoring all operations in the database in real-time. Since the privileged users have direct access to the data in servers, focusing on the employees in this group may facilitate the steps of Privileged Access Management steps in full.
The Privileged Session Manager module by Single Connect helps you monitor the operations of authorized accounts. The mentioned module creates a full monitoring process via the statistics, video records, and logs taken from the users that have access to critical data fields.
Therefore, the entirety of the operations regarding privileged access is recorded. The Privileged Session Manager module offers a real central solution and thus effectively removes potential mix-ups that may be experienced regarding access management. Since all privileged operations regarding access requests and movements can be monitored with the mentioned module of our Single Connect application, you may detect several confusing processes beforehand and effectively control the sessions in the network.
Identifying the sensitive data and the monitoring phase will help you to access detailed information regarding possible cyber threats and breaches. However, as a second step, you must act to protect your business against cyber threats. In this phase, you can adopt four different actions based on the source of the threat and the type of data.
If you want to establish an end-to-end data security, follow one of the practical methods to keep sensitive data safe and go to Magic Quadrant for PAM report issued by Gartner, and review our Single Connect product for one of the most advanced PAM solutions in the world.
To learn more about our cyber security applications in finance, energy, healthcare, manufacturing, and public sectors, you can contact us and our team of experts will be more than happy to answer your questions.