Many of the world’s leading economies are supported by mid-market enterprises. Mid-market enterprises are dynamic engines of economic growth, with annual revenues ranging from $5 million to $1 billion and a staff of 100 to 1000 individuals.
However, they confront a variety of difficulties when it comes to data security. Unlike SMEs, which may be exempt from data protection requirements due to their size and income, mid-market businesses frequently find themselves subject to them. Simultaneously, they lack the financial, legal, and technological capabilities that large corporations require to comply with data protection laws and international standards. Regardless of the size of the company, the fines are the same for all enterprises who must comply.
How can Data Loss Prevention aid compliance?
Data Loss Prevention (DLP) software has become a critical component of compliance efforts. They assist businesses in determining where data is stored on their network, how it is handled by staff, and allowing them to regulate data transfer and use.
This is advantageous to mid-market businesses for a variety of reasons. It first and foremost assists them in understanding the types of data they gather and how it is utilized, which is the cornerstone of any solid data protection policy. Organizations can focus on specific risks and weaknesses by detecting vulnerabilities within their network, allowing them to spend their data security budget more efficiently and thus save money.
Companies can discover weak security practices among their staff by monitoring the use and transfer of sensitive data, which can lead to more effective, problem-focused training and more specific, example-based best policies.
DLP solutions are a powerful control mechanism for the protection of personal data, in addition to the benefits of monitoring. Companies can classify sensitive data in accordance with their compliance requirements, and limit or block its movement outside the company network over the internet or through computer-connected devices. Scans of data at rest on company endpoints can also be done, with remediation measures such as deletion or encryption being implemented if sensitive data is identified on unauthorized devices.
Using DLP to protect intellectual property
Compliance and protecting personal data from data breaches aren’t the only concerns for mid-market enterprises. They must also preserve their intellectual property in order to maintain their competitive advantage. When it comes to the mid-market, their inventive advantage is frequently derived from proprietary source code or original material, which is why it is frequently targeted by malevolent outsiders and insiders.
Within the context of their own business demands, DLP solutions allow firms to develop their own policies and define what sensitive data is to them. Simultaneously, some solutions have established policies for safeguarding specific file types connected with intellectual property or source code. By looking for distinct programming languages in departing files, DLP technologies, for example, can detect and manage the movement of proprietary algorithms both inside and outside the company network.
DLP without the problem
Many mid-market organizations have the wrong idea about DLP solutions: they think they’re far too complicated for their purposes and that they’ll take a long time to deploy. While some DLP technologies are geared at larger businesses, are more granular, allowing businesses to pick and choose the tools that best suit their needs. They may also be up and running in less than 30 minutes.
Some DLP solutions are well-suited to mid-sized businesses. They may be managed by a member of their IT department from a single dashboard, require little training, and can be installed on a variety of operating systems, including Windows, macOS, and several Linux variants.
Regardless of how effective your data loss prevention plan is, data loss is unavoidable. Human mistakes, unauthorized deletion, phishing, programmatic errors, malevolent insiders, cyberattacks, and other risks put your data in danger all the time. To guarantee business continuity when such incidents occur, you must ensure that your company’s critical data is safely backed up and recoverable at all times.
Know All Edge can help you protect your company and data. Know All Edge is the only enterprise-class, end-to-end protection solution on the market with sophisticated capabilities for preventing, anticipating, and mitigating account breaches and data loss.