The Emerging Cybersecurity Tool for Protecting Your Personal Data
Businesses are required by law to protect employee and customer data in their network. Investing in emerging tools to protect your business’s data and avoid financial loss and liabilities that can hurt your business’s reputation has become top of mind as cybersecurity threats evolve and grow. Threats of malware crippling your business are very real and happen every day. Personally Identifiable Information (PII) is any information that will identify an individual. New PII scanning tools check data in motion in real-time, and check data at rest on a scheduled basis for added security.
Examples of PII is information such as Social Security numbers, driver’s license numbers, financial accounts, email addresses, login credentials and passwords, addresses, phone numbers, and birth dates. PII connects individuals to every facet of their lives such as credit scores, DMV records, and medical records. This information is greatly valued by identity thieves, who use stolen PII for their own financial gain. They may open credit card accounts and take out mortgages using individual’s stolen data that can lead to lawsuits and fines measured in tens to hundreds of thousands of dollars depending on the nature of a breach.
When businesses choose to adopt PII scanning technology, such as SolarWinds Risk Intelligence Software, they are more likely to be at much less risk should a breach occur. New data is constantly added to a business environment. It is a best practice to rely on an automated tool vs. a human that is unable to use algorithms for thoroughly scanning information. The scanning tool also creates a reliable means of notification that allows you to get ahead of the breach and help mitigate fines compared to if a business does not act quickly when experiencing a breach.
The data from a PII scanning tool managed by an IT services provider can be included in reports. For example, ComTec Solutions consistently provides our customers with reports which can also be used to satisfy audit requirements. Businesses can ask their Managed Services Provider or IT Manager to deploy a PII scanning tool and to include the data in any reporting already being conducted.
The number one concern for our customers is having their production shut down because of a cybersecurity breach. The cost of ransomware damage worldwide has increased from $325 million in 2015 to $11.5 billion in 2019, with predictions to grow to $20 billion by 2021. The more cybersecurity tools in our arsenal to help protect data the better. PII scanning is another tool, along with vulnerability assessments, penetration testing, managed detection and response, advanced machine learning, and antivirus, to help safeguard your business against cyber threats.
To learn more about the SolarWinds Risk Assessment software that ComTec Solutions offers, click here. If you have any questions or if you’d like to learn more about PII scanning – please don’t hesitate to reach out to us at email@example.com or call (585) 621-9303.