A data breach is one of those things that most businesses with an online presence fear to death. The effects of an online data breach could set the business back for days, months, or sometimes years, depending on the magnitude of the breach.
Data exploitation will be the most serious security threat that businesses, governments, and individuals will face in the coming technologically advanced years. Unlike when it first emerged, big data is now regarded as one of the most important competitive factors in the global economy.
Simply stated, data-driven enterprises know far too well and value the power of gathering raw data, refining the data, and applying the mined information to guide business decisions. When used strategically in an organization, data can interpret to exponential growth and massive profitability.
The advancement of technology has resulted in an increase in cyber security risks, which organizations cannot ignore. Cyber security is just as important as physical security in today’s world.