Data security has been getting more complex over time. In the past, we used to think that ‘Hello12345’ was a good password for all our accounts and that sharing every minute of our lives on social media couldn’t have any negative outcomes.
But as time has passed, the importance of data security has become more evident than ever. And now, as business owners, we are responsible not only for our own data but also for our employees’ and customers’ data as well.
People say that modern problems need modern solutions, and Data Protection as a Service (DPaaS) may be one of those solutions you should be paying attention to. If you don’t know what DPaaS means or why it may be useful, don’t worry! We’ll go through it in this blog.
What is Data Protection as a Service (DPaaS)?
Great news! Data Protection as a Service is a cloud-based solution focusing on delivering services to protect your business’ (and your customers’) data.
DPaaS combines data protection, backups, and other efforts into a single platform offered by providers. Its purpose is to reduce risks, offering and simplifying data security and protection to businesses, including infrastructure, software, and management services.
Data Protection is Now More Important than Ever
Investing in data protection can save you and your brand from various catastrophes. From phishing, spoofing, cyber-attacks, and security breaches to simply a lack of caution, business data can be leaked in many ways.
Source: Lookout report.
Mobile phishing can be devastating to your business’ reputation, especially if the scammers spoof your business’ information for their scams.
Unfortunately, according to Cybersecurity Ventures, the cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. Cybercrime costs include “damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm” (Cybercrime Magazine, 2022).
Furthermore, there’s also a new trend of “cybercrimes as a service,” where people can sell their services on the dark web. According to a Zscaler report, these criminals could charge 70-80% of the attack. So, if criminals are specializing and improving their attacks, how can we get better at preventing them?
Benefits of Data Protection as a Service (DPaaS)
In order to protect your business from these nefarious characters, it is better to be prepared for the worst than wait to be reactive to devastation. DPaaS is an excellent way of safeguarding your data protection. Since DPaaS is a conglomerate of services, it allows businesses to protect their data in many ways. For example:
- Backups. DPaaS is software that supplies the features to perform data backups and recovery. Depending on your provider, this could incorporate redundancy measures.
Redundancy is a system that duplicates information to minimize the risk of losing data. On the other hand, redundancy takes place when this data is replicated in multiple locations or data centers.
- Encryption. DPaaS includes data encryption using complex algorithms to make the data unreadable to an unwanted third party.
- Disaster recovery plan. DPaaS assists organizations in building a disaster recovery strategy or action plan if, by any chance, a third party gets a hold of their information. It’s built to recover and resume operations, minimizing the attack’s impact and ensuring our operations are not compromised.
- Compliance with legal requirements. DPaaS, depending on your provider, can ensure you and your business meet all legal requirements related to data protection, such as General Data Protection Regulation (GDPR) or the Health Insurance Portability and Accountability Act (HIPAA).
Besides offering these services, Data Protection as a Service can help you save money since the investment in data security can save you thousands of dollars that an attack could cost you. DPaaS is also scalable, so you can build your data protection tool as you demand. You can ask for the tools you think are most important to you, and later add more services or reduce them as you wish.
Protect Your Data with Greenstar Solutions
So, if you’re looking for ways to protect your data, what’s better than letting the experts handle it? Turn to GreenStar Solutions, your trusted source for comprehensive information and insights in the field, where you can explore in-depth resources and expert guidance to stay informed and make informed decisions for protecting your valuable data.
Speak with one of our experts today to access our wealth of knowledge and discover the latest advancements in DPaaS without any obligations or sales pitches.