Data has become invaluable. Treat it that way.
Regardless of your industry, data has become one of your organization’s biggest assets. By failing to implement robust security controls, your organization runs the risk of losing your most critical data, including sensitive business data, proprietary information, or personally identifiable information belonging to your employees or customers.
Data breaches can occur accidentally or intentionally. Accidental data lose is often the result of negligence, such as a lost/stolen device or a misdirected email. Malicious data loss involves deliberate theft by individuals both outside and inside your organization.
The consequences associated with falling victim to a data breach include financial losses, reputational damage, legal consequences, and operational disruptions. Malcom Risk Advisors can assist you in avoiding these punitive actions by partnering with you to implement a data loss prevention program.
Why Data Protection is Crucial for Your Business
By understanding where your most valuable data is located on your network and the circumstances that make you most vulnerable to a data breach (e.g., high number of endpoints, complex IT environments, resource constraints, misconfigured systems, and ineffective patch management), we use this information to develop solutions to fight the threats of both accidental and malicious data loss. Failing to comply with applicable regulatory requirements related to data privacy and data security typically result in significant fines and legal complications. Not to mention the fact that a data breach typically results in your stakeholders’ eroded trust.
Know what data is most critical to your organization (your ‘crown jewels’)
Ensure access to sensitive data is appropriately restricted to individuals whose job requires it.
In the event of a potential data breach, ensure you have documented an incident response plan.
Encourage employees to promptly report any lost or stolen devices or accidental loss of data.
Comprehensive Data Protection Assessments
By partnering with Malcom Risk Advisors to perform a data protection assessment, we start by assisting you in identifying where your most sensitive data is stored on your network, and from there, work with you to ensure access to this data is appropriately restricted to those with a business need. We then work with you to develop a data protection program that fits your size and risk profile, which may include defining new policies around data protection or implementing additional technical capabilities to enable you to monitor the movement of data within and outside your network. As part of our Data Protection offering, we can:
Assess your process for providing employees with access to your systems, ensuring individuals receive access that aligns with their job responsibilities and that access is approved by an authorized individual.
Implement capabilities to identify terminated employees who continue to retain access to your systems and access rights that an employee has not used for an extended period of time, enabling this access to be removed in a timely manner.
Design a data loss prevention program that enables you to identify sensitive data upon it’s creation, and based upon specific rules you define, restrict the ability to view, modify, or share sensitive data.
As part of our third-party risk management offering, we identify the third-parties with whom you share sensitive data and ensure these data transfers occur in a controlled manner.
With nearly 25 years of leading and advising the cybersecurity functions of some of the world’s largest corporations, by partnering with Malcom Risk Advisors you obtain access to these same experts, without the price tag that comes with working with a large consulting firm or hiring a full-time Chief Information Security Officer. After identifying your most sensitive data, we can tailor a data protection program fit for your organization and to address the areas highest risk or greatest concern to you.
Why Choose Malcom Risk Advisors
Get Started Today With Expert Guidance for Success
Contact us now to ensure your data is adequately protected and that you are prepared in the event of a potential data breach. A comprehensive data protection plan is critical to keeping your data secure in an evolving threat environment as well as to maintain your stakeholders’ trust.