What's Your Data Strategy?

All businesses now need a Data Strategy which audits and reviews their cyber security, data protection and employee cyber training.

This strategy and workable tactics are becoming increasingly important for all organisations in any part of the globe.

An organisation’s data control model needs to explain the ways that data and information streams into the operation, how it's managed, kept and stored. Importantly who has access to what systems and data and who's can use and store the information.

The purpose of the strategy is to review and monitor data’s access, storing and use. This will give each business a clearer understanding and control over data protection and information security.

Cyber Data Audit

One of the major advantages of a Cyber Data Audit and a resulting Information strategy and tactics is the reduction is cyber-attacks and potential fraud but also a much clearer understanding of data and information’s use within the organisation.

This process has the obvious advantage in reducing the cyber security threat level within the organisation but also can be used to improve the collection, use of data and storage of data and information and has the potential to monitor how much needs to be saved and how much can be deleted saving data storage space for the future.

Currently, structured and unstructured data arrives from a large number of sources, from social media, customers, clients, partners, internal collection processes, marketing campaigns and employee connections. Organisations and businesses now need a data governance strategy that monitors sources and prioritises the most important data for the organisations future.

GDPR’s Effects

With the implementation of the EU’s General Data Protection Regulations (GDPR) the costs of information misuse, mismanagement and misappropriation will increasingly have a profound effect and potentially very costly effect on any organisation not monitoring their data use and protection. For data misuse the cost can be as much as 4% of an organisation’s revenue.

This legislation has increased the usage of cloud storage, but the lower costs have turned the process into a commodity and the amounts of information and data being stored has significantly increased. Storing increasing amounts of information which isn’t being used is quite pointless and gradually more and more expensive.

A data strategy and tactical process will gradually reduce these costs and make the help data and information far more useful and effective for the organisation’s future benefit.

More Information: Please contact Cyber Security Intelligence if you would like more information on Data/Information Audits and Strategy. 

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