Typically, data is a private, confidential, and sensitive asset or information of an organization. With the emerging digitalization, cyber criminals are using data to impose threats to cybersecurity. Consequently, firms are enhancing their data protection systems to lessen the risk of damaging the organization’s reputation.
One of the most common cybersecurity threats is data breach. A data breach is when information is stolen from a system.. Stolen data can be in the form of credit card numbers, trade secrets, matters of national security, or customer data.
Authorities enact strict rules on data protection. To comply and strengthen security, firms can adopt telegram archiving practices such as capturing voice calls, text messages, and telegram call recording. These solutions help them monitor and retain information, which is also useful when they need to recover data.
Furthermore, experts warn banks and financial institutions to remain vigilant against the threats of data leakages. The Penemon Institute reports that if an organization can identify a data breach within 200 days, it can reduce their costs by €1.1 million. Verizon’s 2021 Data Breach Investigations Reports also stated that 36% of all breaches involved phishing. This scheme captures confidential information through spoofed emails or ransomware attacks.
Even big brands like JP Morgan Chase, Home Depot of the United States, and Walmart supplier have experienced data leakage in the past. An authorized party compromised and hacked their data, exposing confidential information such as client names, addresses, phone numbers, etc. All of them suffered from bad reputation which results to revenue loss.
As part of their security enhancement, regulatory agencies such as the Financial Conduct Authority (FCA), the Financial Industry Regulatory Authority (FINRA), and the Securities and Exchange Commission (SEC) mandate Fortune 2000 companies to capture and archive mobile communications. The goal of this requirement is to improve privacy and prevent leakage of confidential information. Fortune 2000 businesses needs centralized solutions for mobile call capturing, archiving, and text message archiving.
Another critical criterion for information protection is encryption, which contributes to the privacy and confidentiality of sensitive data. Archiving technologies, like Telemessage, can encrypt data as it is stored in the archives.