APRIL 2018CIOAPPLICATIONS.COM8TOM BASILIERE, CIO, PROVANTEvolving Data Security Involves Database Architecturefew weeks ago, my wife got a call from my daughter. She called to ask us about the risk of using a mobile funds exchange service that required her to enter her bank account number into a mobile app so that funds could be transferred in and out of her bank account. Wisely, she worried about a hack to the app that could result in her bank account being compromised and about whether the bank would be responsible for guaranteeing her funds. I'm not sure we gave her a definitive answer but it made me think; is there anyone in the developed digital world we live in today who is not asking "Is my information safe?"Businesses are asking the same question. The first thing I'm asked by a new or prospective client is "How are you protecting sensitive data?" It's a broad question and it seems to be on the minds of C-level, manager and procurement level people in every company, especially after the very public stories of data loss coming from some of the world's biggest companies. More recently, the threat of a data breach has expanded to include the threat of a ransomware attack. While the first scenario creates risk of sensitive data being exposed publicly, the second risks data being lost or a company being shut down altogether. Both are scary and very expensive to recover from.While traditional protection methods, like firewalls, encryption and multi-factor authentication, help, there is no single answer to protect data against all threats. However, the idea that a business can evaluate the risk of a breach and make an ROI decision on investing in security is outdated. It is no longer a decision but instead is a basic tenet of doing business in an ever-changing digital world. Knowledge about your data and how it is stored is fundamental to surviving audits and designing protection that lets you sleep at night.IN MY ViewS
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