- Technology
- Strategy
- People
3 reasons why you should guard against data leakage
Did you know that Brazil is the 5th largest target of cybercrime? A survey by Roland Berger, a German consulting company, shows that the number of data leaks and cybercrimes has been growing considerably in the country.
In the first half of 2021 alone, for example, more than 9 million occurrences were recorded in the region, exceeding the total number for 2020. In the world ranking, we are only behind the United States, the United Kingdom, Germany, and South Africa.
As a result, many people began to think twice before entrusting their data to the digital universe. And companies that have suffered from this kind of problem have had a series of consequences that go far beyond what we imagine.
That’s why, in World Data Protection Month, we will learn about the main impacts caused by data leakage and convince you that preventing yourself from this practice is indispensable for your business!
1. Financial – and strategic data loss
Cyber-attacks, in general, are extremely high cost. This is because the expenses are not restricted to identifying and solving the problem, but also to all the work involved in damage containment and repairing the image of the affected company.
Therefore, businesses that suffer from data leakage face a very intense financial loss that can even be accompanied by a decrease in their customer base.
Furthermore, internal information and strategic plans, which are confidential, can also be affected at this time, causing the company to lose not only its element of surprise but even the advantage it had over its competitors.
2. Damage to business reputation
Imagine the following situation: your credit card number has been leaked. This has negative repercussions on your life, and even though it is possible to receive refunds for unauthorized purchases, you still suffer from the stress of dealing with this situation.
When you find out which company was responsible for this data leak, you wouldn’t do business with them again, right? After all, you don’t trust her to take care of your personal information after such a serious slip-up.
It is based on this thinking that a business faces major problems related to its image after a cyber attack. And regaining that trust, which has been built up over time, is a laborious and costly mission.
3. Legal Implications
You have probably heard about the Brazilian General Data Protection Law, better known as LGPD, right? It was sanctioned in August 2018 and went into effect in September 2020.
Considered a major achievement for the Marco Civil da Internet (Brazilian Civil Rights Framework for the Internet), it establishes a series of rules about the collection, storage, treatment, and sharing of personal information. And among the many issues addressed, it even addresses the issue of data leaks.
According to the standard, if information protected by the directive is disclosed in cyber-attacks, the company responsible for maintaining that data must pay compensation to all injured parties.
See how you should pay attention to preventive data leakage policies?
We were not exaggerating when we said that preventing data leakage is a major issue for your business. No wonder World Data Protection Month was created: to give visibility to an indispensable subject in today’s society.
Around here, we are always trying to bring you pertinent content and material, be it regarding new technologies or subjects that you should be aware of. Keep an eye on our blog so you don’t miss any special posts!
Other insights
- Strategy
- Technology
The IT market offers exactly what your business needs, and we will prove it to you!
Against the background of many industries worldwide, the IT market managed to grow even during the covid-19 pandemic. In 2020, while several segments were facing a series of difficulties caused by the advance of coronavirus, the technology sector achieved a growth of 9.5%, according to research by the Advance consultancy. For you to get an … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Technology
Technological Innovation: 3 technologies you need to implement in your company
Previously, here on our blog, we talked about the steps of digital transformation in enterprises from the early 1990s to the explosion of the covid-19 pandemic in 2020. Today we will continue talking about the importance of technological innovation in the business environment. If the advance in modernity, connectivity, and consumer behavior impact society as a whole, … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Technology
- Strategy
- People
From the beginning of the Internet to covid-19: the spread of digital transformation in enterprises
Since the late 1990s, digital transformation in enterprises has become an important agenda, which over time has taken more space in the business market. In about 30 years, a lot has changed. And if before incorporating new technologies was an option, today it is a necessity. We have reached the point of that famous phrase … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Technology
- Strategy
- People
Is the IT market in danger of collapse? Learn how the lack of qualified professionals affects the sector
The world is going through a frequent process of digital innovation, and the IT market is one of the main drivers of this transformation. But even with the digital revolution in full swing, the area of innovation suffers from a serious lack of skilled professionals. In 2018, there were about 100,000 open positions in Brazil … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Strategy
- Technology
Unicorn startups and IT have everything to do with each other – and we’ll prove it!
Information Technology can be considered one of the main foundations of innovative companies around the world. In the case of startups, IT is even more important and helps to clarify the path to becoming a unicorn startup. The road to this success has three mandatory stops: innovation, growth, and adaptation. In this part, we will … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Technology
How long does it take to create an application from scratch?
Did you know that there are about 12,700 startups in Brazil? The figure was released by the Brazilian Association of Startups (Abstartups) in 2020. So, the probability that this number has already grown is quite high. And to stand out in such a competitive market, many entrepreneurs bet on the creation of an application. Don’t you understand … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Strategy
- People
5 difficulties that new startups encounter in the technology market
Every year, the number of new startups in the world grows. And although they all emerge intending to revolutionize the market and become true unicorns, many are not prepared for the challenges they will face in this environment. That is why, according to data released by the Brazilian Institute of Tax Planning (IBPT), 15.4% of … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- People
- Technology
Science and Technology Day: understand the evolution of innovation amidst the social need
October is an important month for IT. The 16th is celebrated, here in Brazil, as Science and Technology Day. And with the technological evolution of the last decades, this date has become even more symbolic and important. After all, social advancement depends on the advancement of technology. Both go hand in hand, and technology helps … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>
- Technology
- Strategy
- People
IT Outsourcing: is it worth it for my company?
Have you ever heard of IT outsourcing? And is it worth your company’s while to invest in this solution? These and other questions about this service will be answered in today’s content! If you still don’t know or know little about this solution, we can already tell you that you may be losing time and … <a href="https://onebrain.hmlg.novahaus.com.br/en/insights/3-reasons-why-you-should-guard-against-data-leakage/">Continued</a>