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A global awareness campaign took place from January 24 to January 28. This Data Privacy Week was aimed to develop trust, secure data, and private security. The collection and sharing of personal information for millions of individuals move secretly and carelessly in the modern digital scenario.

Data Privacy Week is designed to encourage dialogue and provide significant confidence for businesses and people to take action. Meanwhile, National Cybersecurity Alliance conducted that Data Privacy Week to enhance public awareness. The main objectives include online privacy problems and training people to manage and secure their personal information.

It also encouraged businesses to protect data and become more translucent. This Data Privacy Week discussed how businesses and people gather and utilize consumer information. However, the Arete Incident Response team discussed the top 3 data risks and every organization should have significant awareness.

Loss of Data

Data-oriented strategy is essential in keeping pace with inventions, data accessibility, and consent monitoring with efficient data loss protection. DLP (data loss prevention) is necessary to secure and sustain privacy with the most valuable resource of a business. However, security teams and data owners can securely endorse DLP within their organizations or companies.

Inadequate Knowledge of Data Loss

However, data leaks have become one of the major threats to cloud security for a business. A large number of organizations have discovered that their cloud computing operations are susceptible to financial and reputational penalties. These issues are stemming from the legal and regulatory consequence that follows data breaches.

Cyber Security Threat

Cyber security threats are related to any expected malicious attack. These types of attacks can illegally access data, interrupt digital operations, and destruct essential information. Cyber threats can spark from different factors including corporate spying, hacking, terrorist organizations, criminal entities, individual hackers, and displeased employees.

Various high-profile cyberattacks have resulted in the exposure of sensitive data in recent years. In 2017, the Equifax breach affected the personal data of at least 143 million consumers. These include addresses, birth dates, and Social Security numbers. In 2018, Marriott International reported that hackers breached its servers and stole the data of more than 500 million customers.

Malware Attack

Malware is malicious software including spyware, ransomware, worms, and viruses. Malware is activated when a user clicks on a malicious attachment or link which brings leads to installing harmful software. Cisco also reported that malware can perform various operations after the activation.

Meanwhile, ransomware attacks can block access to various major network components. It has the ability to install additional dangerous software. Spyware can transmit data from the hard drive and ultimately obtain information. It is capable to make the system inoperable after disrupting individual parts.

Ransomware Attacks

Keep in mind that ransomware attack is the major cyber security threat that receives general concerns and more public attention. However, SMBs (Small-to-midsize businesses) and local governments are considered more frequent targets for general and expensive online cash snatches.

These issues are massively increasing the number of expected cyber threats. Moreover, most ransomware attacks happen on the user side. It was due to various phishing methods and other destructive communications that allow the most dangerous cyber threats. Cyber risks are also transforming as businesses are shifting toward a digital strategy.

Randomly Update Essential Cybersecurity Policies

Keep in mind that balancing a hybrid working formation and pushing every appearance of their processes to the cloud. Some recent reports have indicated that cyber threats are increasing and penetrating into the mainstream. Meanwhile, 2023 will experience major organizations massively investing in establishing and updating more powerful cybersecurity policies.

They will also focus on policy & procedures to enable security automation and monitoring of attack surfaces. However, incident response, digital forensics, and data restoration teams are essential to preemptively determine and terminate threats in networks. This strategy would efficiently decrease the attack surface, recover essential data, and close security breaches.