Recent Developments In Data Loss Prevention

    Data loss Prevention (DLP) is used to refer to a set of methods and procedures used to ensure that unauthorized users do not abuse, lose, or access confidential data. Sensitive data is defined as controlled, confidential, and business-critical by DLP software. It identifies breaches of policies identified by or within a predefined policy set by organizations usually governed by compliance with regulations such as HIPAA, PCI-DSS, or GDPR. DLP enforces remediation with alerts, encryption, and other protective measures until these breaches are detected. Data loss prevention applications and tools monitor and manage endpoint processes, filter streams of data on company networks, and track data in the cloud to secure it in motion, at rest, and in use.

    Data Loss Prevention: The Three Objectives

    Prevention of data loss addresses three main goals that are common challenges for many organizations:

    1: Personal Information Protection/Compliance: Organizations collect and store Personally Identifiable Information (PII), Payment Card Information (PCI), or Protected Health Information (PHI). They are subject to compliance regulations that require them to protect the sensitive data of customers, such as HIPAA, GDPR, and the like. DLP defines, classifies, and tags confidential information and records the activities and events surrounding that information. In addition, reporting features provide the required data for compliance audits.

    2: Data Visibility: Does the company try to achieve more data movement visibility? You can see and monitor your data on endpoints, networks, and the cloud using a robust business DLP solution. It will also help you have an insight into how individual users communicate with data within your company.

    3: IP Security: DLP solutions classify intellectual property in structured and unstructured ways, using context-based classification. You may safeguard against accidental extraction of this material with the appropriate policies and controls in place.

    Data Loss Prevention: Some Recent Developments

    Projections indicated a global market size of $2.64 billion for data loss prevention in 2020. There are a variety of variables behind the wider adoption of DLP that have been outlined here:

    1. Evolving Compliance Mandates: There is a constant evolution of global data protection legislation, and you need to be adaptable and prepared. DLP solutions provide businesses with the opportunity to adjust to changing global regulations.

    2. Frequent Data Breaches: Cybercriminals and malicious insiders threaten your private data for many reasons. Corporate surveillance, personal financial gain, and political advantage may be the aim. The DLP can defend itself against all kinds of adversaries. Thousands of data breach cases and many more security incidents have occurred in the past few years. During giant data breaches, billions of documents were destroyed.

    3. The Position Of The CISO: More organizations have created chief information security officer (CISO) positions. In this respect, DLP offers considerable business value and gives CISOs the requisite reporting capabilities.

    4. More Places to Protect Your Data: Increased cloud usage, complicated supply chain networks, and other tools have made it more difficult to protect your information. In order to avoid sensitive data from falling into the wrong hands, knowledge of the circumstances and awareness of events surrounding your information before it leaves your company is vital.

    5. More Data to Steal: Over the years, the meaning of what is confidential data has changed. Intangible assets, including pricing models and market methodologies, are now combined with sensitive data. This means there’s a lot more material for your organization to secure.

    6. Stolen Data from Companies Is Worth More: The Dark Web sells stolen data as well. Individuals and organizations will buy it and use it for their own benefit. There is a strong financial motive behind data theft, with some data selling for up to a hundred thousand dollars.

    7. Security Talent Dearth: With over 3.5 million unfilled security vacancies anticipated by 2021, the crisis is only getting worse. In order to fill the personnel void, managed DLP providers serve as remote extensions to the team.

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