5 Ways Companies Safeguard Their Crown Jewels Of Data

Cybersecurity News. PHOTO: Cybercrime Magazine.

18 Feb 5 Ways Companies Safeguard Their Crown Jewels Of Data

Posted at 08:45h in Blogs by Taylor Fox

This week in cybersecurity from the editors at Cybercrime Magazine

Sausalito, Calif. – Feb. 18, 2025

Data loss is becoming a bigger danger for businesses, both financially and numerically. According to an IBM report, the average data breach now often costs $4.8 million and that is a 10 percent increase over last year and the highest total ever in their findings. Cybersecurity Ventures projects that this year the global cost of cybercrime will reach $10.5 trillion.

Notwithstanding the difficulties brought on by the evolving information security environment and the rise in hacker threats, companies do have practical ways to safeguard their “Crown Jewels” of data. They include the suggestions featured in 5 cybersecurity pillars, recommended by Chuck Brooks, global security and technology thought leader, in a recent Forbes article:

1. A framework for risk management;

2. Enabling AI for cybersecurity;

3. Encryption of data;

4. Migration to the cloud;

5. Incident response.

The pillars, which Brooks breaks down in detail, are only a starting point in the quest for awareness and innovation in the changing digital landscape.

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