CISOs job at risk due to data leakage

Data leakage is the accidental or malicious disclosure of sensitive information outside of an organization. It can be caused by a variety of factors, including human error, system vulnerabilities, and cyberattacks.

Data breaches have raised concerns about all the companies providing Cyber Security solutions and consultants are into security practices, where most of the corporates are promising to secure 99.99% to protect its customers' data.

With this dependency on the corporates Providing Cyber security products, cloud companies and the consultants, the jobs of CISOs or Chief Information Security Officers are at risk for increasing data leakage. CISOs are responsible for the cybersecurity of their organizations. When data breaches occur, CISOs are often held accountable, even if they are not directly responsible for the breach.

There are a number of reasons why data breaches are on the rise. One reason is that the number of cyberattacks is increasing. Attackers are developing new and sophisticated techniques to exploit vulnerabilities in systems and networks. Another reason is that organizations are collecting and storing more data than ever before. This data is often sensitive and valuable, making it a target for attackers.

CISOs can help to reduce the risk of data breaches and protect their organizations from the associated consequences. To reduce the risk of data breaches, CISOs need to implement comprehensive cybersecurity measures like Data privacy. There is needed for implementing a sustainable method to protect enterprises’ and consumers’ sensitive information.

Data privacy restrictions have become increasingly important. Consumers are increasingly worried about the disclosure and use of personal data, and trust, is an important factor. According to a Salesforce poll, 48% of customers claimed they had lost trust in businesses owing to abuse of personal information during the epidemic. As the world grows increasingly technology driven and individuals worry more about their personal privacy, data privacy legislation are rapidly forming all over the world to protect the consumer.

Globally, Large and medium-sized companies are being heavily penalized for failing to implement adequate data privacy protection solutions. Amazon, British Airways, Equifax, Marriott International, Ticketmaster, GitHub, and Uber have recently been fined significant amounts.

Google, Facebook, Salesforce, and Oracle are facing multi-billion-dollar class action lawsuits for not being able to adequately secure their subscribers’ sensitive information. GDPR, NIST, PCI, CCPA, HIPAA, regulations are being diligently enforced by federal and state regulatory bodies to protect consumer’s data privacy rights and to diminish the hacker community’s ability to orchestrate data breaches.

S Mohini Ratna, Editor, VARINDIA