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Data is now among the most valuable and traded currencies around the world. This also means that it’s one of the most sought-after targets for extremely scary people. It’s becoming more important than ever to trade corporate data in a safe way.

The company should think about every entry point that could be possible when it comes to protecting data from unauthorised access. This includes the physical security on storage devices as well as logical security used to control the access to folders or files.

The internal business processes of a company and the way in which data is shared with external parties are also critical in stopping data breaches. The method an organization uses to exchange data between departments, whether it’s through email or unprotected cloud storage or a VPN is a risk that could create serious security risk.

It’s impossible to shield the company from all threats, no matter the best efforts. Hackers can attempt to breach firewalls, get people to click on fake emails, or even steal information accidentally left on physical storage media.

The company should conduct an inventory of all their systems in order to identify where sensitive data may be stored outside databases. That includes checking on personal computers mobile phones, flash drives and digital copiers. Businesses should also encrypt information stored on external media prior to using it. This will help prevent sensitive information from being downloaded onto a device if it is stolen or lost.