The Importance of Document Security
Data Breaches are Costly
Data breaches can lead to significant financial losses for businesses if not appropriately handled. According to IBM’s 2020 Cost of Data Breach report, the average data breach cost in 2020 was $3.86 million per incident—a 27% increase from the previous year! If a business’s confidential documents are not properly secured and compromised, they could face hefty fines and expensive legal problems. Additionally, customers may become wary of doing business with them in the future due to the lack of trust that comes along with a data breach. Thus, businesses must take steps to ensure their documents are secure so that these kinds of financial losses can be avoided.
Secure Sharing & Storage Solutions
Several solutions help companies maintain complete control over their content when sharing and storing company documents online. Using services such as Dropbox Business or Microsoft SharePoint Online, companies can easily create and share secure folders with employees or external partners without worrying about unauthorized access or accidental leaks. These solutions also come equipped with built-in encryption protocols that guarantee all data stored within remains private even if it falls into the wrong hands. Additionally, some solutions offer audit trails that allow companies to track who has accessed specific files and when they have done so. This allows them an extra layer of control over their documents by knowing exactly who has access at any given time. It can alert them should anything fishy happen regarding access rights being changed or modified without permission.
Document security should not be taken lightly by any business—no matter how small or large they may be. Every document created within an organization carries confidential information that needs to be kept safe from unauthorized access or malicious actors looking to exploit weaknesses to gain access. By utilizing secure sharing and storage solutions like Dropbox Business or Microsoft SharePoint Online, companies can rest assured knowing that their documents are safe from harm while allowing for quick and easy sharing across multiple platforms and devices with minimal effort required. Ultimately, investing in proper document security will save your company time, money, and headaches down the line—so don’t delay! Take steps today to ensure your documents remain safe at all times!