There are a few issues that pose a bigger risk than cybercrimes. There is an explosion of the use of mobile phones. We have to be skeptical about the information we provide while downloading an application. The information that we provide is being stored with the company.
The promise of insight from data isn’t something new- business intelligence and analytic capabilities have been present in many organizations. What’s new is the rate at which data is growing and the demand being placed on it. The capability to properly analyze the risk and threats that the large data storage poses to the company, the insights from big data help executives balance out the rewards and risk in cyberspace. With growing dependency on big data, it is important for executives to strike a balance between the risk and reward of operating in cyberspace.
Users are becoming aware of the information that they provide to companies as cyber risks have increased in the recent years. There is a clear need for better data management on the executive’s part by investing in information security and cyber security which is appropriate to manage the risk.
One major hurdle for companies is managing the data. The volume of data being added to the data set each day is a major concern. While it may seem easy to store data but it is been outweighed by the increase in the volume of data coming in everyday. In order to understand the benefits of big data analytics, organizations needs to answer a few questions like, why and for how long do they need the data and where and how to store it.
Cybersecurity is the cusp of becoming a booming industry. There have been 522 security breaches so far in 2016 with more than 13 million records stolen. The average cost of data stolen due to security breach is $154 per record. These figures are alarming and these figures are increasing every year.
That’s not to say that all apps have shaky security. Some apps have really polished security and the last thing developers want to do is lose public’s trust. It’s unlikely that a company will say that they will not take care of security, so it is up to the user to make sure the data is safe.
Companies go to great lengths to secure the data you provide. A separate team of cyber security professional is hired to ensure that your data is secure. We at CopperMobile have dedicated professionals to maintain ongoing app security. The security and privacy programs are validated by a third party. You don’t want the company telling you to just trust them without a validation.
While it is important for the company to be held accountable for the security of the information, however, the user can also ensure that they are doing their bit by doing the following-
You can start by reading the company’s security and privacy disclosure. You will find it somewhere on the website. You want to get a sense of how they are managing the security and privacy of the data and to what extent are they taking responsibility if data is breached.
Mobile app development companies usually have a proper security encryption for all the sensitive data. Apart from this, it is recommended that a layer of login and password should be added to all applications.
Another way of approaching security is a series of questions to verify that you are the user of the account. A code should be sent to your registered mobile number every time you login from a different device. It is also advised that you change your password every few months and refrain from using public wifi for any application that contains account information, personal information and banking information.
Many companies avoid such password protection as users find it annoying but it will soon become a standard security procedure. If one extra step is all it takes to protect your data, even users won’t mind.
As a tech company, we ensure that your data is stored in an encrypted database which is password protected. It is a multi level password encryption which is changed frequently and the information that you provide is being converted into a complex code that is difficult to decipher for more protection.
Contact: CopperMobile to find out more about mobile application that also ensure data security.