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Data Security Basics in the Virtual World Digital risk management is an integral part of managing just about any 21st-century business. Essential security strategies to keep your operation safe

By Rakesh Soni

Opinions expressed by Entrepreneur contributors are their own.

Starting a business can be a harrowing time. Aside from dealing with the financial aspects of a company, one also has to also ensure that systems involved in its operations are free from risks. Businesses, at present, are increasingly dependent on technology to collect and store consumer information. This shift has been marked by vulnerabilities in the security and integrity of databases. Therefore, enterprises have taken to implementing several protocols to ensure data security.

What does data security entail?

The market for cybersecurity reached just over $170 billion in 2020, according to data security and software company, Varonis Systems. Its concept is straightforward: the process of incorporating protective measures into an enterprise's databases, with the goal of preventing an individual from gaining unauthorized access to sensitive consumer information. Data security also plays a role in preventing an enterprise from being vulnerable to legal trouble.

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