Data Security: ensure its integrity for the decision making process
Information security is paramount in times when process digitalization increases. Approaching the topic from different angles allows to access data safely and at all times.
“21st century oil, target of daily attacks”, “the key to approach business”, “the best kept secret of all big digital companies” … All these phrases may be said of data. Undoubtedly, the most basic input in the 21st century for any company whose health depends on data integrity.
To speak about data implies speaking about cybersecurity. In 2020, the year of the pandemic, information security attacks have grown exponentially: the world was moving thanks to the internet, and over its networks is where most of the threats have been focused as never before. The acceleration in digital transformation brought by the COVID resulted in many processes moved into the virtual space. And this explains why in Latin America during the first 8 months of 2021, cyberattacks have increased 24% year on year, according to Kaspersky’s Threat Map.
Malicious software, intrusion attempts, denial of service (DoS) attacks, threats over personal and professional devices, phishing, ransomware… the list goes on and on. Regardless of the type of attack, the value of data remains at the center of the stage, not just by targeting its appropriation -which seems to be the main interest of attackers- but also to understand how safely stored all that digital information is, considering that has to be always available to be accessed when required.
What happens with the virtualization processes launched by organizations to remain operational during the pandemic and continue gaining agility in the new normal? What happens with the data that is already part of automated and robotized processes? How reliable may the data feeding that digitalization continuum result, if on the other side cyber criminals are continuously attempting new methods to exploit vulnerabilities and gain access to that information?
These questions arise because other paper from Kaspersky showed that more than 50% of consumers, including companies as such, would abandon an online service provider if it suffered any type of data violation, and 63% would stop using a vendor if they thought the supplier might sell their information to third parties.
This is the main reason why those systems that protect and validate the data that forms the fuel on which a company runs are so valuable and that, when information needs to be reconciled, provide veracity and security in multiple fronts: because they offer certainty about the reliability of that interconnected information and because at the same time, they offer protection to avoid being exposed to the vulnerabilities that greater levels of digitalization and virtualization inevitably bring.
Reconciliation tools installed in companies’ devices allow not only to have control over the data loading and prevent any attack, but also -worth insisting- guarantee the veracity of the information that is vital for the daily operation of the organizations.
To have systems that prevent and avoid attacks fits perfectly with data reconciliation, even when the latter is fed with data generated in virtual environments. Moreover: they boost each other.
There resides the key value of doing business with suppliers that understand that information security must be managed in different levels and layers. It is not just about focusing on one view and moving in a single direction. A 360 approach to data security is needed for that daily fuel to perform at the highest quality standards required.
By protecting the information that is afterwards processed in reconciliation tools that ensure its veracity, the organization also gains legal, administrative, and financial security and therefore, business security.
Conciliac tools allow to consider the diverse elements involved in data security and collaborate not only with a more secure company in the traditional sense of the idea, but also by providing better insights when making data-based business decisions.