{"id":687,"date":"2015-11-06T04:32:14","date_gmt":"2015-11-06T10:32:14","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=687"},"modified":"2022-08-01T15:40:45","modified_gmt":"2022-08-01T10:10:45","slug":"why-data-security-is-important-and-how-security-testing-helps","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/why-data-security-is-important-and-how-security-testing-helps\/","title":{"rendered":"Why Data Security Is Important & How Security Testing Helps?"},"content":{"rendered":"
In an interconnected world ruled by technology & the internet, data travels extraordinarily fast across the globe. Data Security is of paramount importance to users, and even more to businesses. In the context of global business, accessibility of data from anywhere at any time can pose challenges to organizations doing business in several geographies all over the world. Organizations are realizing the need to make significant investments in their data protection systems and Security Testing<\/a> has become inevitable for safeguarding their sensitive and confidential data.<\/p>\n Any business is dependent on its customers for growth. Customers provide sensitive data such as credit card details or healthcare information depending on the services they avail. A data breach can make them lose their trust on an organization permanently. Moreover, it\u2019s not just personal information of customers that\u2019s at risk, but also an organization\u2019s or an individual\u2019s ideas, patents, and plans potentially worth hundreds of thousands of dollars. Data breaches can be destructive for any business and can hamper the reputation of an organization. Years of hard work in building a brand name can be ruined by one severe data breach.<\/p>\n Failure of organizations in meeting data security compliance requirements can eventually result in destructive penalties, which can impact business to such an extent where recovery might be impossible. Moreover, it is relatively easy to rebuild an organization\u2019s brand image than recouping from financial losses. Pay-outs to the affected parties can be devastating for an organization due to the damage caused by a data breach.<\/p>\n The recent Data Breach Investigative Report published by Verizon forecasted the average loss for a breach of 1,000 records between $52,000 and $87,000. Experts say companies have a 1 in 5 chance of becoming a victim to a data breach.<\/p>\nNeed for Data Security <\/strong><\/h3>\n