When it comes time to make smart investments security, avoiding cyberattacks is vital. Hackers are more sophisticated than ever before, that’s why it’s essential to invest in solid data security and keep your own personal investments protected against cyber-attacks.

Cyberattacks are becoming more frequent and this has a major impact on numerous organizations. The costs associated with managing cyber-attacks can how to use data room software to leverage your due diligence team include financial fines, lost productivity and damage to reputation. However, the most devastating impact often comes from lost confidence in the customer, which can result in long-term losses in revenue.

This is particularly relevant to investment finance institutions. They are charged with protecting extremely valuable personal and economic information while also complying with specific regulations like Sarbanes-Oxley, Gramm-Leach-Bliley and PCI DSS. The amount of sensitive information they keep and manage makes them susceptible to security breach that can result in serious financial loss or damage to their reputation.

It’s a good thing to know that implementing the most effective practices in security management can reduce the risk of vulnerabilities and protect against common threats. This includes implementing an awareness culture, offering regular training and focusing on human firewalls. Human error is responsible for 90% of security breach incidents.

Limiting access to sensitive information to those who are the most in need is a different option to improve your security posture. This is especially important for field environments, such as conflict zones and other destabilized zones where government and legal entities could seek access to sensitive information in the field.