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Why do Enterprises Need to Secure Endpoint Data?
Data protection is the topmost priority for organizations using a digital medium. Most companies adopt stringent data protection measures to safeguard their data centers against any potential threats. However, organizations often tend to forget the data that resides outside the data centers, which is present on the edge devices like laptops and mobile phones. Failing to implement an effective endpoint data management strategy can put a company at risk of data loss.
According to research by IDC, digital data is expected to grow at a compound annual growth rate (CAGR) of 42 percent by the end of 2020. Many businesses don’t enforce an automatic backup policy for data stored on remote employee devices, which prevents them from having any control or insights into the data stored on these devices. Enterprises refrain from backing up and managing the endpoint data, as they opine that it can be a time-consuming process.
The loss or hack of endpoint data can have serious business implications as it contains vital company information. Cybercriminals target edge devices to hold the device’s data for ransom or to gain access to a larger network. Businesses also need to comply with many regulatory requirements like GDPR, PoPI, and so on. Any failure to comply with regulations can put the company on the risk of fines, reputation damage, and data loss.
Effective management of endpoint data protects a company against loss of intellectual property, provides insights into the location of data, and assists to augment and support a comprehensive data governance strategy. The tools that manage endpoint data helps to automate backups and enable them to run behind the scenes. Endpoint data protection tools offer end-to-end data encryption so that the data remains secure even if the device is stolen or compromised.
It is very crucial for a business organization to secure its endpoint data with an efficient and appropriate tool. It will help an enterprise to incorporate effective data management policy to increase productivity.