Data Loss Prevention Objectives And Some Recent Trends

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Data Loss Prevention: Objectives and Some Recent Trends

Data loss prevention (DLP) refers to a collection of methods and procedures used to ensure that sensitive data is not misused, lost, or accessed by unauthorized users. Sensitive information is categorized by DLP software as regulated, confidential, and business-critical. It identifies violations of policies specified by or within a predefined policy set by organizations typically guided by regulatory compliance such as HIPAA, PCI-DSS, or GDPR. Once these violations are observed, DLP enforces remediation with warnings, encryption, and other preventive measures. Data loss Prevention apps and tools monitor and control endpoint processes, filter data streams on corporate networks, and track data in the cloud to protect data in motion, at rest, and in use.

The Three Objectives of Data Loss Prevention

Data loss prevention tackles three main priorities that are common issues 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, such as HIPAA, GDPR, and the like, which require them to protect customers' confidential data. DLP identifies, classifies, and marks sensitive data and tracks the activities and events surrounding that data. Besides, reporting features provide the necessary data for compliance audits.

2: Data Visibility: Does your organization try to obtain more visibility into the data movement? Using a comprehensive business DLP solution, you can see and track your data on endpoints, networks, and the cloud. This will also help you gain an insight into how individual users within your company interact with data.

3: IP Protection: DLP solutions classify intellectual property, using context-based classification, in structured and unstructured forms. With the relevant policies and controls in place, you can safeguard against accidental extraction of this material.

Data Loss Prevention: Some Recent Trends

Estimates suggest a global market size of $2.64 billion for data loss prevention in 2020. Outlined here are a number of factors behind the wider adoption of DLP:

1. Evolving Compliance Mandates: Global regulation on data security is continually evolving, and you need to be adaptable and prepared. DLP solutions offer companies the ability to adapt to evolving global regulations.

2. Growth of the CISO's Role: Chief Information Security Officers (CISOs) have been hired by more organizations. DLP provides significant business value in this respect and gives the necessary reporting capabilities to CISOs.

3. Frequent Breaches of Data: For many reasons, cybercriminals and malicious insiders target your private data. The intent could be corporate surveillance, personal financial benefit, and political advantage. The DLP will protect against adversaries of all sorts. In the past few years, thousands of data breach cases have happened, and even more security incidents have occurred. Billions of records were lost during giant data breaches.

4. More Places to Protect Your Data: Expanded use of the cloud, complex supply chain networks, and other resources have made protecting your data more difficult. Visibility of events and knowledge of the circumstances surrounding your information before it leaves your company is crucial in preventing the confidential data from falling into the wrong hands.

5. Organizations' Stolen Data Is Worth More: The Dark Web also sells stolen data. It can be bought by individuals and organizations and used for their own benefit. With certain data forms selling for up to a hundred thousand dollars, there is a clear financial motive behind data theft.

6. More Data to Steal: The idea of what is sensitive data has evolved over the years. Sensitive data now integrates intangible assets, including pricing models and business methodologies. It means there's a lot more details for your business to protect.

7. Dearth of Security Talent: The shortage is only getting worse, with more than 3.5 million unfilled security vacancies expected by 2021. Managed DLP providers function as remote extensions to the team in order to fill the workers vacuum.

Appsian One of the leading ERP data security,compliance,implementation solutions provider that gives organizations to complete control and visibility over their ERP data.