Does your company have large amounts of data floating all over the place across multiple third party environments? Is your data structured or unstructured or a combination of both? Is it possible that your data is being stored in places that you are not aware of? If this is the case, you are not alone. The number of companies with this challenge is growing at an alarming rate as mass data consumption is on the rise.
In the last 10 years alone there has been over a 1300% increase in data consumption worldwide and this trend is expected to continue. This issue is brought to the forefront with quickly adapting privacy laws across the globe coupled with an influx of data breaches. In Q1 2022 there was a 14% increase in data breaches from the same quarter in the previous year. This is exceptionally concerning as Q1 typically sees the lowest number of breaches compared to the rest of the year. Additionally, unfollowed privacy regulations can result in fines and quite likely can result in litigation as well as reputational damages.
The time to get a handle on your data is now. The first step in the right direction is developing an understanding of what sensitive data your company has and where it lives. At Data Sentinel, we start with a baseline audit to highlight your company's most relevant and crucial risks prior to diving into long term planning. Data discovery is a key starting piece to all data governance programs. When selecting a data discovery tool it is essential to ensure that the offering has the following capabilities.
Businesses must gather an understanding of what data is being stored before implementing a way to monitor and track sensitive data. Once a data inventory is complete, governance, remediation and improvement of data quality issues are able to quickly follow. Implementing data governance can turn data from a liability into a company’s strongest asset.
One piece at a time…
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Does your company have large amounts of data floating all over the place across multiple third party environments? Is your data structured or unstructured or a combination of both? Is it possible that your data is being stored in places that you are not aware of? If this is the case, you are not alone. The number of companies with this challenge is growing at an alarming rate as mass data consumption is on the rise.
In the last 10 years alone there has been over a 1300% increase in data consumption worldwide and this trend is expected to continue. This issue is brought to the forefront with quickly adapting privacy laws across the globe coupled with an influx of data breaches. In Q1 2022 there was a 14% increase in data breaches from the same quarter in the previous year. This is exceptionally concerning as Q1 typically sees the lowest number of breaches compared to the rest of the year. Additionally, unfollowed privacy regulations can result in fines and quite likely can result in litigation as well as reputational damages.
The time to get a handle on your data is now. The first step in the right direction is developing an understanding of what sensitive data your company has and where it lives. At Data Sentinel, we start with a baseline audit to highlight your company's most relevant and crucial risks prior to diving into long term planning. Data discovery is a key starting piece to all data governance programs. When selecting a data discovery tool it is essential to ensure that the offering has the following capabilities.
Businesses must gather an understanding of what data is being stored before implementing a way to monitor and track sensitive data. Once a data inventory is complete, governance, remediation and improvement of data quality issues are able to quickly follow. Implementing data governance can turn data from a liability into a company’s strongest asset.
One piece at a time…
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