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Data is the new oil , the new oxygen and the lifeblood of your business . Choose your metaphor . But without access to critical data and systems , your company will stall at the side of the road while your competitors race ahead . So it would be best to stay updated with the latest threats to your data and the tools you can use to protect it .
Here are five trends influencing how organisations secure and manage their data in 2023 and beyond .
1 . A massive SaaS outage will serve as a wakeup call
In 2023 , we could see the first significant Software-as-a-Service ( SaaS ) outage and the message – that data backup and recovery must be front and centre – will become apparent very quickly . Companies across the globe are increasingly consuming Software-as-a- Service rather than running their own IT infrastructure on-premises . So , imagine if a service like Microsoft 365 has a major outage – then what ? You should know that top-tier SaaS providers like Microsoft guarantee their service but don ’ t guarantee your data ’ s safety . That ’ s on you . And that ’ s why you need to have third-party software to survive an outage and protect your data long-term .
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cannot afford to do is cut back on their data protection efforts . Even as companies rethink their operational expenditures to deal with inflation , they still need to invest in protecting , storing and backing up their data .
average cost of a breach to a US business in 2022 was US $ 9.44 million .
Data protection may appear to be an easy place to trim and save some money , but any cuts to your data defences will come with higher costs . The most recent IBM Cost of a Data Breach Report found that the average cost of a breach to a US business in 2022 was US $ 9.44 million . In 2023 , it will be essential to recognise the importance of your data and make sure that any cuts to your budget have minimal impact on your business operations .
3 . Companies will have to allocate their security budgets wisely
Florian Malecki , Executive Vice President of Marketing , Arcserve
It ’ s also crucial for you to embrace the 3-2-1-1 data protection strategy . This strategy directs that you have three backup copies of your data on two different media , such as disk and tape , with one of those copies located offsite for Disaster Recovery . The final one in this equation is immutable object storage . Immutable object storage is a next-gen data security tool that continuously safeguards information by taking snapshots every 90 seconds . It guarantees that even in the case of a significant SaaS outage , you can quickly recover your data .
2 . Cost cutting will cause more harm than good
With spiralling energy prices and runaway inflation , companies across the board will implement cost optimisation in 2023 . But one thing that organisations
That said , many companies will do some belt-tightening in security . Those that do should be aware that this is when the bad guys tend to pounce . Cyberthieves are always looking to exploit vulnerabilities . Therefore , companies that consider economic measures should do so wisely and look at where they allocate their budget concerning data security .
Today , most companies invest in the basics like firewalls , antivirus and intrusion-detection solutions . But know that the bad guys will inevitably get through those defences at least once . You should have a plan for that eventuality and allocate your security budget accordingly . For every dollar you spend on firewalls or antivirus solutions , you should spend another dollar on solutions that help you backup and recover your data in the aftermath of a cyberattack . www . intelligentciso . com
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