A data breach is not a single event. It is the beginning of an unfolding saga as we continue to feel the impacts of the record-breaking number of data breaches in healthcare, tech, and financial services last year.

Businesses handling confidential healthcare, financial, or governmental data can assume that they will be targeted at some point, directly or indirectly, through a third party.

They can no longer stay competitive without a comprehensive security strategy that offers more than incident response and standard Data Loss Protection (DLP) tools. 

Likewise, service providers face a challenge in safeguarding their clients’ sensitive data, with a single breach opening risk across their entire network. A 2023 breach at Dollar Tree stemmed from a compromise at the vendor Zeroed-In Technologies. 

How Many Companies Have You Learned About Because of a Data Breach? 

If we imagine that Zeroed-In could have remotely scrambled all the exposed data, the narrative shifts dramatically. The proactive implementation of remote encryption could have acted as a formidable defense, significantly reducing the breach’s impact. Maybe we’d never know their name. 

Zeroed-In could have rendered the stolen information useless by swiftly encrypting the compromised data. Dynamic encryption’s power is finding, classifying, encrypting, controlling, and monitoring data anywhere.

Dynamic encryption holds exceptional promise for companies handling sensitive and valuable data. 

Compliance Within Hours, Not Months

For companies dealing with sensitive data like PII or HIPAA or needing to comply with strict regulations like GDPR or CCPA, achieving and showcasing compliance can be a complex journey. 

Large organizations report spending over 9,000 hours, dozens of employees, and up to $1M annually to maintain GDPR / CCPA compliance.

The arrival of dynamic encryption is transforming this landscape. Dynamic encryption automates the process significantly, from ensuring data is secure to monitoring and reporting on it. 

We developed a solution that employs an automated “scan, dynamically encrypt, monitor” process to help companies achieve FDIC, 23 NYCRR 500, and GDPR within hours.

Automated data privacy audit

Ensuring and demonstrating compliance requires a complete data inventory that includes all types of data, their uses, their location, and the level of compliance associated with each.

Generating a data inventory solves countless problems stemming from a need for more visibility. Many businesses don’t understand the types or volume of data generated through their operations, apps, and vendor relations. Consequently, they don’t understand the risks and the necessary actions to mitigate them. 

The first step is to audit and continually audit your threat landscape, accounting for every data location, type, and level of risk and uncovering vulnerabilities in your network. Risks may be internal resources and processes, external vendor contracts, and unsecured endpoints, among many others.

Apply invisible encryption 

Organizations must also have robust data protocols in line, so their operations don’t create risk and non-compliance. People, processes, and technology must align with the appropriate security framework.

Dynamic encryption reduces the many steps it takes to maintain secure ongoing operations. In the event of a ransomware attack, companies could remotely add invisible encryption to the captured data and go about their business. 

Continuous monitoring and tracking

Compliance involves ongoing reporting, requiring organizations to keep detailed records and follow complex checklists. Companies must show that cybersecurity measures are established for all employees and service providers, data flows are mapped, and data usage follows clear guidelines, among many more steps.

Dynamic encryption provides instant audit and compliance reporting. Using the data inventory, companies can quickly demonstrate that all data and processes are accounted for and secured through invisible encryption.

A dashboard displays all data types (e.g., credit card, SSN, patient health info) and the associated risk—what’s been remediated and what risk is still exposed—by business app/cloud application, third-party source, and other meaningful vectors.

IT admins can quickly display who has access to every piece of valuable data, whether sitting in a folder at the vendor from 5 years ago or an internal stakeholder. They can then secure access across multiple vendors and solution providers from a single application.

Evolving Data Protection

Looking at the horizon of modern cybersecurity, legacy data loss prevention solutions must catch up. Event-driven, reactive approaches no longer serve in this new landscape. 

In the case of Zeroed-In, millions of Dollar Tree customers were impacted, data from their other clients may have been exposed, and they are open to class-action lawsuits. 

Actifile’s software automatically generates a complete data inventory, giving organizations instant awareness and full visibility into every risk.

From there, they can eliminate that risk with the click of a button. They can also keep on top of compliance and regulatory requirements without dedicated resources to manage the process.