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Leading Your Team in Data Security

Leading Your Team in Data Security

CIO

GBI Team

Leading Your Team in Data Security: What Every Executive Should Know

In the age of tech, it is impossible to find a company – big or small, startup or a major player – that is not connected to the cloud. Connectivity is a top priority of every company and enterprise, and executives themselves push for these investments. After all, there’s a lot to be said about the perks of cloud computing, foremost the ease and convenience of accessibility to data anytime, anywhere, especially for busy, mobile executives.

Despite the ease the cloud offers, no system is fool-proof, and the costs of data breaches is soaring, sometimes more expensive than the price of setting up the technology in the first place. A 2016 report from the Ponemon Institute recorded the average cost of a data breach at $4 million.

As top-level executives, it’s paramount to pay as much attention to data security as it is to push for tech solutions that support data accessibility.

Here are some ways C-level executives can beef up their systems and ensure across-the-board data security

  • Promote a culture of security. Half of the cases of data breaches and hacks are due to human carelessness – a weak password combination, failing to update passwords regularly or even simply opening a phishing email. Employees should have a conscious mindfulness of the value of data security – its costs and more importantly, the adherence to corporate policies on this issue. Educate them, train them, incentivize or penalize – do what needs to be done to improve their security IQ. Addressing the security gaps by laying down the necessary measures and most of all, ensuring compliance is the most basic of solutions.

 

  • Set up a tight system of control and monitoring. Together with the company’s IT department, executives should stay on top of threat control and monitoring by ensuring that the best technologies are available for protecting devices and networks. A corporate policy system that controls security at the root is important. This means, for instance, defining what kind of corporate information must be shared on the cloud and controlling who can access these information, when and under what conditions.

 

  • Engage trusted security experts. Every executive should understand that the complexity and diversity of data breaches make data security an impossible responsibility of the company’s IT department alone. Data breaches are carried out by experts, and it takes a similar set of experts to combat them.

 

  • Learn from what others are doing. As technology evolves, then so do cyber threats and data breaches. As the key decision-makers, executives must lead in fostering a culture of adaptability and openness, that is, finding new ways of thinking when it comes to solutions. Startups can learn from the practices of bigger businesses, while corporations can look to what other organizations outside of their industry are doing when it comes to securing their data.

Securing data is not anymore the sole responsibility of the IT department. With millions of money and public and clientele trust at stake, C-level executives themselves should be providing informed leadership when it comes to data security

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