The explosion of hybrid work over the past few years has seen industries digitize at an unprecedented rate. While this has led to opportunities for innovation, it has also produced data chaos and cybersecurity risks.
Cyberattacks are inevitable. While you may not always be able to prevent a data incident, you can take steps to ensure that your organization is protected when it does happen.
In this blog, we'll outline steps you can take to mitigate the risks surrounding your data and unlock your firm's potential with the Five Pillars of CAM.
Why Data Protection?
Data protection is securing digital information while keeping data available for business purposes without trading customer privacy. Data protection is becoming more intricate as the number of devices to monitor and protect expands. With people working from home and hybrid working over the last couple of years, it has become necessary for organizations to put in place data protection systems to protect privacy and business continuity.
Work involves creating and using data - some being more sensitive than others. If it isn't protected, it is at risk.
Most data issues come from not having a data protection system in place. However, human error is the weak point. Not everyone is as well-informed as security professionals, and cyberattacks target the weakest part of the system – humans.
Organizations must set up systems to ensure human access can only go so far. They cannot be allowed to access the entire system, so they cannot compromise it.
Zero-Trust is the Name of the Game
Applying Zero-Trust security across systems for internal and external users requires continuous verification of users and endpoints each time access is needed. This means no longer automatically assuming users need access to specific data and continuously evaluating when access needs to be terminated.
The more limited the access is to data, i.e., on a need-to-know basis, the less the organization is vulnerable to data loss and hacks. But, before you can set these policies in place, you must ensure your organization is reducing data chaos and provisioning projects across collaboration systems, including Microsoft Teams.
Provisioning Leads to Protection
Organizations can reduce data chaos by providing a logical place for users to store data. This is a crucial step in protecting against ransomware and lays the foundation for a Zero-Trust strategy.
When users know where to save data, they are less likely to save it in their local drives, decreasing the risk that a hacker will get access to their content. Adding and tracking rich custom metadata through software solutions like CAM will allow users to search and find their content quickly. This will improve collaboration and productivity.
Once data is in the right place, and metadata is tracked, your organization's risk management team can easily understand the business context of data and apply relevant security and minimization policies. They can effectively manage access according to a Zero-Trust strategy and set up document archives through Azure or AWS so that they can efficiently access data in case of a breach.
These processes can be time-consuming if done manually. For example, it takes an organization 15 to 30 minutes to create a Teams structure and add the right people. When hundreds and thousands of projects or engagements are created monthly, doing it manually creates huge inefficiencies and poses privacy and cyber risks.
A software solution is needed to do the heavy lifting.
How CAM Helps
CAM is a Software-as-a-Service platform (SaaS) for the adoption and governance of multiple collaboration systems. It allows organizations to provision, classify, protect, manage, and govern data, mitigating data chaos and reducing risks related to privacy and cybersecurity.
CAM enables organizations to create logical locations for users to store data. It provides rich, custom metadata, empowering users to locate documents and risk management teams to understand the business context and apply proper security and data minimization policies.
CAM can help your organization establish Zero-Trust and Privileged Access Management policies on documents, folders, workspaces, etc., so that you can control who can access documents, in what manner, and more.
CAM integrates with Microsoft 365 (Microsoft Teams, SharePoint Online, OneDrive, OneNote, Planner, Lists), iManage, NetDocuments, file shares, and more.
If you want to learn more about CAM's provisioning capabilities, book a demo today and talk to one of our experts.
Posted in CAM,Governance