Here’s How DLP Strategies Can Protect Your Company Against Cyberattacks - Newslibre

Here’s How DLP Strategies Can Protect Your Company Against Cyberattacks

Cyberattacks are becoming more and more common, resulting in significant losses for both large and small businesses. To protect your company against these threats, you need to have a robust cybersecurity program in place. One of the most important components of such a program is a data loss prevention (DLP) strategy.

DLP strategies are a cornerstone of any cybersecurity program today. By definition, data loss prevention is the practice of protecting your data from unauthorized access or theft. In other words, DLP strategies help to ensure that your company’s confidential data doesn’t end up in the wrong hands.

In this article, we will discuss how DLP strategies help protect your company against cyberattacks.

How Do DLP Strategies Work?

There are many different types of cyberattacks, but they all have one goal in common: to gain access to your company’s confidential data. This data can be used to steal your customers’ information, launch attacks against other businesses, or even blackmail your company.

DLP strategies work by identifying and classifying sensitive data, and then creating policies and controls to protect this data. These policies and controls can include things like encryption, access control lists, and activity monitoring.

Why Are DLP Strategies Important?

As we mentioned before, cyberattacks are on the rise. In fact, according to a recent study by IBM, the average cost of a data breach has increased by 10.3% from 2020 to 2021. This means that companies are now spending an average of $4.87 million per data breach lasting more than 200 days.

These numbers are only going to continue to increase as cybercriminals become more sophisticated. This is why it’s more important than ever to have a robust DLP strategy in place. By implementing the right safeguards, you can make it much more difficult for cybercriminals to access your company’s sensitive data.

4 Ways DLP Strategies Bolster Your Company’s Cybersecurity

Here are four ways DLP strategies help to protect your company against cyberattacks:

Here’s How DLP Strategies Can Protect Your Company Against Cyberattacks - Newslibre
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1. Monitoring and identifying sensitive data

One of the key functions of DLP is to monitor and identify sensitive data. This includes identifying where data is stored, who has access to it, and how it flows throughout the organization. By understanding where your sensitive data is located, you can better protect it from potential threats.

In the event of a data breach, DLP can also help you identify which data was accessed or stolen. This information can be critical in determining the scope of the breach and taking steps to prevent future attacks.

2. Preventing data breaches

DLP strategies can also help prevent data breaches from occurring in the first place. By identifying and protecting sensitive data, DLP can help you avoid the costly consequences of a data breach.

You might think larger companies are the only ones at risk of data breaches, but 23% of cyberattacks in 2020-21 targeted small businesses, resulting in average losses of $25,000—a pittance compared to the average loss for larger businesses, but an amount that spells the death of many small businesses.

So how can DLP help prevent data breaches? By identifying and classifying sensitive data, DLP solutions can help you understand where your most valuable data is located and what risks it faces. DLP can also help you implement security controls to protect this data, such as encryption and access control.

3. Responding to cyberattacks

Even with the best prevention strategies in place, companies can still fall victim to cyberattacks. In these cases, DLP can help you respond more effectively and minimize the damage caused by the attack.

DLP can help you identify data that has been compromised in a cyberattack, as well as understand how the attack occurred and what systems were affected. This information can be used to improve your company’s security posture and prevent future attacks.

In addition, DLP can help you restore data that has been lost or corrupted in a cyberattack. By identifying and protecting backups of sensitive data, DLP can help you ensure that you have the information you need to recover from an attack.

4. Customizing DLP for your company

When choosing DLP strategies, you should consider the size and complexity of your organization, as well as the types of data you need to protect. You should also consider whether you need on-premises or cloud-based DLP, as well as the level of control you need over your data.

Once you’ve selected a DLP solution, you can customize it to fit your company’s needs by configuring its settings and policies. For example, you can use DLP to monitor specific types of data or block certain actions, such as printing or copying sensitive data.

You can also use DLP to create custom reports that help you understand how data is being used in your organization. These reports can be used to improve your company’s security posture and prevent future attacks.

The ability of DLP to be customized for each organization is one of its key strengths. By tailoring DLP to fit your company’s specific needs, you can create a data security solution that fit your company’s long-term data security needs.

While DLP strategies are not a silver bullet, when implemented correctly, they can be an important part of your company’s cybersecurity program. By preventing data breaches, responding to attacks, and customizing DLP for your company, a good set of DLP strategies can help protect your organization against the ever-growing threat of cyberattacks today.

Other interesting reads: 13 Personal Cybersecurity Resolutions to Keep You Safe In 2022

Here’s How DLP Strategies Can Protect Your Company Against Cyberattacks 1

Author: Regi Publico

Regi Publico is a full-time writer based in Manila who is also an artist for fun. She takes pride in her towering collection of books and loves reading about anything under the sun. She is passionate about sharing her knowledge through every article that she writes.

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