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Do you know the biggest challenge companies face? It’s maintaining a large information base. Too much information compromises data flow. But it’s important to manage the information at hand. A company has to succeed in managing data well. Only then can the employees make the right decisions. That’s where data lifecycle management comes in. What is data lifecycle management, you ask?

No matter how important data is, it loses its relevance over time. After all, no information can hold the same relevance for eternity! You have to manage the data to make the most out of it. But before we you can do that, it’s important to understand the data lifecycle.

In this post, we’ll take a detailed look into data lifecycle management (DLM), including the different phases of DLM and best practices. We’ll also highlight the importance of managing the data lifecycle in a company. So, let’s dive into the details.

Continue reading “What Is Data Lifecycle Management? A Complete Introduction”

Businesses across all industries are racing to embrace digital transformation. At the same time, serious dangers in the form of data security risks lurk in the shadows.

Each day, businesses face a multitude of cyber threats from sophisticated hackers and bad actors. As for the consequences of enduring a cyberattack? They’re severe. According to one recent IBM study, the average U.S. data breach costs upwards of $8.19 million.

Think a data breach won’t ever happen to your company? Think again. Hackers frequently target even the most sophisticated organizations. Companies like Uber, Experian, Sony, Anthem, and Target have all been attacked in the past few years.

Chances are that your company has far fewer resources than any of these five. In that light, your business is probably even more vulnerable than they were.

When a hack occurs, immediate financial losses are only one piece of the puzzle. Data breaches are extremely disruptive to business. If your customer finds out that their data has been stolen, there’s a high probability that they will be hesitant to transact with you down the road. What’s more, you could also have your intellectual property (IP) stolen, leading to even greater losses in the long term.

If you’re concerned about the data security risks that your business faces, you’re not alone. A recent study revealed that 44% of U.S. CEOs feel that the risks involved with digital adoption are preventing their businesses from moving forward. Companies are literally chained to their old ways because they aren’t sure how to protect themselves against modern threats.

Before we examine what you can do to reduce the likelihood your business suffers a data security setback, let’s take a step back and get our definitions straight.

Continue reading “What Are Data Security Risks? 5 You Need to Know About”

In this post, I want you to join me on a mission at a fictitious company called Hackme Corporation. Your mission, should you choose to accept it, is to send Hackme’s year-end financial reports to third-party authorities while making sure no one can change the documents along the way. I can assure you that this blog post won’t self-destruct in 10 seconds. However, it will discuss what data integrity is and how to use it, and highlight the key differences between data integrity and data security. Then I’ll share a common myth about encryption and answer the question, can you use encryption for data integrity?

Let’s get started.

Continue reading “What Is the Difference Between Data Integrity and Security?”