As a small or medium business owner, you know that data security is essential for your organization’s success. However, as your business grows, it becomes more and more challenging to protect your data. Sadly, small and medium business owners face data breaches all too often. In fact, they’re involved in about 43% of all data breaches. Unfortunately, if you fail to set up adequate enterprise data protection for small and medium businesses, you can end up facing significant costs.

To avoid a disaster, it’s essential to find the best enterprise data protection solutions on Long Island; many MSP companies like LI Tech Solutions can help. Read on to learn more about the best data protection solutions for Long Island businesses, and why they’re so important!

What Is Enterprise Data Protection | Long Island Tech Solutions Explains

Enterprise data is information that users in your organization share. It might be shared across multiple sites or multiple devices. Enterprise data protection refers to practices, policies, and technologies that protect your data from being lost, stolen or corrupted.  

Best MSP Partner in New York: How Enterprise Data Protection Affects Small and Medium-Sized Businesses

The success of your business rises and falls on data. As technology advances, this statement becomes more and more true. That’s why enterprise data protection solutions on Long Island are so vital. Unfortunately, your small or medium-sized business faces many potential data security threats. These tend to fall into the following categories.

Bad Actors

Bad actors are people who want to exploit your enterprise data for personal gain. This could include external threats, like disgruntled customers or former employees, competitors, or hacking groups. They could also come from within your organization. Your employees likely have access to sensitive data, which can be stolen, ransomed or sold without your knowledge.

Unintentional Loss of Data

Unfortunately, your data can also be compromised by accident. Software can become corrupted, hardware can fail, or a power outage can cause data to be lost. Employees who fail to follow proper procedures can cause data to be lost through carelessness. For example, failure to shut down systems correctly or maintain hardware properly can lead to costly data loss.

Natural Disasters

When your data is stored on hardware, it’s vulnerable to physical threats. Fires, floods, windstorms or thunderstorms, earthquakes, and power outages can damage hardware and cause data to be lost. FEMA reports that between 40% and 60% of all small businesses are unable to recover after a major natural disaster.  

Inadequate Enterprise Data Protection | Long Island Tech Examines the Costs

When your enterprise data is compromised, the price tag can be steep. On average, you can expect to pay around $160 for every individual record involved in the breach. When you consider how many separate records your organization probably holds, it’s clear that a data breach can be devastating. Costs are often incurred in many unexpected categories, but these are a few of the most common.

Security Experts

After a data breach, you’ll need to hire experts to help you continue operating and assess the damage done. You’ll also need help forming a plan to prevent a future crisis.

Legal Experts

Depending on the nature of the data breach, you may need legal counsel. You may face lawsuits, fines, or other legal consequences as a result of leaked data.

Damage Control

Your company’s reputation can be severely damaged by a data breach. You can hire a reputation management service to try to repair the damage, but this comes at a steep price.   

Cybersecurity Solutions for Long Island Businesses: Managing Compliance and Mitigating Risks

Compliance and Enterprise Data Protection Solutions on Long Island, NYC | LI Tech

There are many reasons why finding the best data protection solutions for Long Island businesses is so important. One important reason is that your business must remain in compliance with applicable regulations. When data is lost or breached, you may face costly consequences for violating these regulations.

GDPR Compliance

If your business is regulated by the General Data Protection Regulation, you need to handle your contacts’ personal information with special care. You’ll need to obtain, store, and manage customers’ information in appropriate ways to protect their privacy.

HIPAA Compliance

HIPAA refers to the Health Insurance Portability and Accountability Act. This federal law requires you to protect patients’ health information to maintain their privacy. Small businesses often struggle to remain in HIPAA compliance. However, failure to do so can lead to costly audits and fines.

A Long Island MSP’s Best Practices For Enterprise Data Protection

What is enterprise data protection for Long Island businesses? Your IT team is an important component of data protection. However, business owners are also responsible to help protect their data. Here are a few steps you can take to achieve enterprise data protection for small and medium sized businesses.

Educate Employees Regularly

Do your employees know how to handle sensitive data? A single training session is not enough, since you periodically onboard new team members. You’ll need to schedule regular sessions to ensure your employees are up to date on policies.

Control Data Access

Does everyone in your organization have access to all your data? This creates unnecessary risk and raises the likelihood of a data breach. Make sure to provide data access only to those team members who truly need it.  

Require Secure Authentication Practices

One of the best data protection solutions for Long Island businesses is to require robust authentication. Multi-factor authentication is a simple yet effective way to keep your data from falling into the wrong hands.

Clearly Define a Data Protection Policy

Your employees won’t be able to follow procedures if they’re not spelled out clearly. Effective enterprise data protection solutions on Long Island start with a clearly defined policy for all employees to follow. This should be a living document that develops over time, as your business grows and technology changes.

Finding the Best MSP Data Protection Solutions for Long Island Businesses

What is enterprise data protection for Long Island businesses? This term refers to a variety of steps you can take to keep your information safe. However, not all enterprise data protection solutions on Long Island are the same. You need the best possible service at an affordable price.

LI Tech’s Cost-Effective Enterprise Data Protection for Small and Medium-Sized Businesses in Long Island, NYC

Hiring full-time IT staff for your business can be expensive. Instead, it’s best to have the flexibility to call your IT team when you need to. Partnering with LI Tech Solutions allows you to work with trusted professionals without adding more full-time staff to your payroll. Enterprise data protection for small and medium sized businesses can be much more affordable when you adopt this model!

Comprehensive

Hiring different IT professionals for different issues that arise can be frustrating. You need a team that does it all. LI Tech Solutions takes both proactive and reactive steps to protect your data, so we can handle all your data protection needs.  

LI Tech Solutions: The Best MSP and Enterprise Data Protection Solutions on Long Island, NYC

Do you need enterprise data protection solutions on Long Island, NYC? When you partner with LI Tech Solutions, you get the best of both worlds. You’ll gain an IT partner to handle the comprehensive data protection needs of your business. However, you can avoid the cost of adding additional full-time staff to your team.

As industry leaders in enterprise data protection for small and medium sized businesses, we offer the peace of mind you need to run your business. We provide the best data protection solutions for Long Island NYC businesses, so you can focus on what you do best: running your business. Call 516.210.6400 today to set up a free consultation and technology assessment.