June 30, 2022

Major Data Security Challenges Businesses are Facing in 2022

For cybersecurity and business in general, the past couple of years has been anything from typical. COVID-19 has altered business practices, and cybercriminals have adjusted to these changes by adapting their strategies to the new environment.

By 2025, the cost of cybercrime is predicted to hit $10.5 trillion. Organizations are encouraged to increase their cybersecurity awareness and implement more robust defense mechanisms against potential cybersecurity breaches in 2022 because the attacks will only worsen.

What challenges are companies facing?

Lack of data visibility

57% of businesses create more than 6,500 files containing sensitive data daily. That is a lot of information, yet it is also very complicated. Additionally, there is the concern of where that data is kept and who has access to it. At least 1,000 inactive users in 71% of the companies can still access sensitive data.

Data Management Regulations are Violated

Several businesses have been found to have violated regulations such as the CCPA, PCI, HIPAA, and GDPR. In addition to increasing your vulnerability to attacks, having additional copies of your data can make it more difficult to perform analytics and make business decisions. If outdated information is used, it could lead to monetary loss, security breaches, or other problems. AxCrypt ensures your organization stays compliant with regulations like the GDPR and HIPAA, which concerns the protection of personal data and individual rights.

Poor Cloud Security

Cloud security makes it simpler for team members to access files and data from any location. Hence they are growing in popularity. Therefore cloud security must be secured because most cloud management solutions do not include authentication and encryption procedures. With AxCrypt, it is effortless to accomplish data privacy in the cloud. AxCrypt will automatically find what Cloud Storage services are installed on your computer and create an AxCrypt folder.

Mobile Devices Has Become Primary Target

We use our smartphones for everything, including banking, business purpose, and other activities. Unfortunately, cybercriminals may use smartphones as a method of attack. AxCrypt Mobile encryption is beyond a regular lock screen password.

Many Former Users Have Passwords to the System

According to the survey, over 1,000 accounts with passwords that never expire are used by 31% of businesses. If users use the same passwords for personal accounts and those accounts are compromised, then an attacker has access to your organization's network. AxCrypt master key feature enables business administrators to recover files from the business members. This eliminates the risk of losing access to sensitive data. It is a one-stop for safeguarding your mobile phone's personal information and data from third-party interference.

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