Businesses face a plethora of risks on a daily basis, and in the modern era IT risks is at the top of the priority list. With large amounts of business critical data and online applications at the heart of all operations, finding ways to reduce and mitigate risks that could bring down IT infrastructure and networks has become a crucial part of daily management. As a CEO, the fight needs to be led from the top and you need to implement the necessary measures to offset these risks. In this blog, we take a look at some of the measures you need to have in place to minimise the impact of IT risks.
Encrypt sensitive data and restrict user access
Data is the most valuable currency in the modern corporate world and how your business data is processed, managed and stored has become more prudent than ever before. The proliferation of business cloud services has greatly contributed to simplifying and optimising that management of data, but it doesn’t completely eliminate the risk of your critical data being lost or ending up in the wrong hands - you have to secure the data where it resides. You need to have robust security measures and software in place to secure your data from cyber breaches or data losses. Data encryption is your best defence against the IT risks associated with cloud storage; it gives you the power to protect your data and manage access. With data encryption, you can assign a profile level to all datasets ensuring that only authorised personnel can access data that pertains to their level of clearance.
As much as you put preventative measures in place, it’s not possible to avoid IT risks altogether. Whether it’s the internal use of employees’ own devices (BYOD) or external threats, IT risks continue to adapt and you need to be prepared for any eventuality. Business insurance is no longer just a safety net for the physical ‘what ifs’, but also provides peace of mind in the event of damage to your virtual business assets. Just as insurance helps you to recover what is lost due to theft or natural disaster, you can also protect yourself against the consequences of the loss of data that could hamper business continuity. Business technology is fluid and therefore ensuring that you regularly review and adjust your business insurance is crucial to ensure that you have sufficient cover.
Ensure you have contingency plans in place
The old adage ‘prevention is better than cure’ is incredible at illustrating what needs to be done in order to safeguard your IT infrastructure against risks that your business faces. And one of the best ways to ensure that you are able to mitigate IT risks is by having contingency measures in place to reduce the impact of a threat to your data. Start by outlining all of the possible scenarios and the impact they might have on the continuity of your business operations such as a serious data breach, massive server shutdown, or physical damage due to a natural disaster. This gives you a good foundation to start building a comprehensive IT risk contingency plan to provide you with ways to minimise risk to a manageable level, implement the appropriate measures to counteract the risk, as well as ways to go about restoring operations after the damage has been done. Your contingency plan should be introduced to the entire business and clearly outline everyone’s roles and responsibilities.
Mask data with data centres
The sharing of data is an essential part of a well-functioning business, but not everyone should have the same level of clearance and authorisation to access priority data. It is for this reason that many corporate enterprises have been making use of data masking to provide a replica of data that can be accessed for software testing and training purposes without revealing any critical information to unauthorised personnel. Making use of an offsite data centre greatly contributes to the management of masked data by allowing you to safely store and manage the versions of data for development and other purposes with encryption.
Ensure that the IT risks facing your business-critical data are significantly reduced by partnering with one of our co-location data storage solutions. With our variety of data solutions, you can choose how much server space you require to suit your business needs. To find out if our data centre is right for your business storage needs, have a look at our Data Centre Checklist.