More and more organizations are using data loss prevention (DLP) solutions to try to reduce the danger of sensitive data leaking outside their company. But what is the best DLP solution?
A DLP solution should not impede business productivity, since it consists of numerous core technologies that allow the DLP engine to identify the sensitive information that enterprises need to protect and to take action with the goal of preventing breaches, while allowing employees to remain productive.
Continue reading to learn everything you need about the best DLP solution, and how to ensure that you’re not the unsuspecting victim of a data loss incident or a breach.
What is a DLP solution?
DLP or Data Loss Prevention involves software, hardware, and other technologies which prevent your information from being transferred outside of your company’s network without authorization. A DLP solution is a cybersecurity solution that works to guard against breach, exfiltration, and destruction of information in your organization’s databases.
Data breaches can be prevented by monitoring your data in transit, on rest, and in use. Yet, it’s not always that simple.
Due to COVID-19, there’s been a dramatic increase in remote work, and organizations are now more vulnerable to cybercrime. In fact, 20% of data breaches are caused by remote workers. Hence, information security is vital.
In order to minimize data breaches, it is necessary to enforce stricter data regulation policies. This is where implementing the best DLP tool for your organization becomes essential!
What Do Organizations Use DLP Solutions For?
The benefits of adopting a DLP solution for your organization are countless, but here are the primary benefits of the best DLP solutions for you to consider:
- Respect and protect Personally Identifiable Information (PII).
- The organization’s intellectual property would be protected.
- Visibility of data in large organizations.
- Mobile workforce protection and BYOD security.
- A secure cloud system for remote data (cloud DLP).
Important DLP Solution Statistics
There’s a lot of responsibility that comes hand-in-hand with a dizzying amount of data. Companies of all sizes are aware of this fact, which is why acknowledging data loss statistics can help you to better understand the issue and prevent it.
Here are some of the most intriguing data loss statistics:
- Approximately 40-60% of small businesses will not reopen after losing data.
- The third quarter of 2020 saw an annualized failure rate of 0.89% for hard drives.
- The cost of downtime for small businesses is $8,000 per hour.
- Large enterprises experience an average downtime cost of more than $11,600 a minute.
- Around 206 days are required to detect breaches.
- A compromised data breach cost $3.86 million on average in 2020.
- Over 2,013 breaches of data have occurred in 2019.
- About 40% of all data loss incidents are caused by hardware failure.
- 29% of cases of information loss are caused by human error.
- The average cost of downtime for all companies is $4,500/minute.
What Makes the Best DLP Solution?
So, what makes the best DLP solution that can actively protect your company’s data from any issue? Here are a few features to look for:
- Proactively prevent breaches.
- No classifications are needed.
- Ability to control your data from anywhere.
- Easy regulatory compliance
- Malicious behaviour remediation.
- Employee centric protection.
In addition, the best DLP solution can also provide no painful installations and even employee empowerment.
If all of these perks seem too good to be true, then you haven’t heard of this DLP solution. Let’s discuss it a bit further.
ITsMine As The Best DLP Solution
ITsMine offers innovative data loss prevention solutions with a state-of-the-art and proactive approach to data security – that requires no policy changes and no permanent agents for endpoints while protecting from both internal and external threats.
By automatically constructing “data security safe zones”, ITsMine’s technology overcomes the major challenges and complexities of existing data security solutions, enabling data sharing, collaboration and third-party access to data.
In addition to these Safe Zones, data that is sensitive is tracked and controlled to prevent either intentional or unintentional misuse. As a bonus, ITsMine is easy to implement, complies with regulatory requirements, and is transparent for employees and IT teams.
ITsMine achieves all of these goals by implementing the SoftwareMines™ and BeyondDLP™ solutions:
SoftwareMines™: These intelligent sensors protect against internal and external attackers proactively. When a sensor detects “detonations” (unexpected access or opening of files) in Safe Zones, any attackers can be detected immediately.
FileGPS™: Track, target, and pinpoint your data irrespective of its location. No matter where your company’s data is, whether it is on a client device, a remote server, the cloud, or an external medium, FileGPS™ from ITsMine’s BeyondDLP™ platform notifies you in real-time whenever there is a risk of compromise.
Where To From Here In Terms Of The Best DLP Solution?
It is necessary to prevent data loss in order to stay compliant, secure, and maintain business continuity. The best DLP solution will help businesses protect PHI and PII, reduce the risk of insider threats, and stay protected in the face of threats such as ransomware and malware. Similarly, businesses can maintain privacy for their customers and employees, to build trust and continue to prosper.
Your search for the best DLP solution can stop here. ITsMine has all of the tools and functionality that companies need for you to stay on top of your DLP security and data protection efforts. It’s a great place to start to enable next-generation data loss prevention for your organization – reach out to start your free trial today.