The portable computer was the secret business weapon of yesterday and is today’s essential business tool. The processing power, portability, storage, and connectivity available with laptops, tablets and smartphones has created a seamless extension to the office. Business users can work with their applications and data from just about anywhere. While mobile devices are valuable when it comes to conducting business, they also pose additional security risks. Increased efficiency, mobility, and accessibility can also mean an increased potential for a data breach or business data loss.
The workforce of today is mobile enabled. Business users, owners and managers, accounting advisors and business consultants can access all the information and analytical capability they need to perform their jobs and make informed business decisions, capturing and collecting important information while keeping productivity at the highest levels no matter where they are. “87% of businesses rely on their employees to use their personal mobile devices to access company apps”, according to a post by Perillon. Some studies have estimated that as much as 80% of the data a company has (like customer files, contracts, financial data, product specifications) might be stored on portable devices. This means that mobility comes with risk, which is why Mendelson Consulting and Noobeh cloud services utilize cloud-based platforms and services to keep data safe and secure.
According to business data loss statistics compiled by Businessdit.com, the two most common causes of data loss are hardware failure (40%) and human error (29%). Overall, malware causes 35% of all data loss, taking advantage of the 21% of files that businesses are not protecting at all.
The stats show that it takes approximately 206 days on average to even detect a data breach, the costs of downtime and losses average around $1,410 per minute for small businesses, and 22% of SMBs close after a ransomware attack. Data loss or theft can create big business and legal problems, too. Customer or client privacy may be compromised, sensitive information may be exposed, and confidential plans may be made public if a business doesn’t take steps to secure mobile data. “The average cost of a data breach in 2021 was $4.24 million. That’s a huge increase from the $3.86 million cost in 2020. And it’s only going to get more expensive in the future. Companies need to be prepared to deal with the fallout from a data breach, which can include everything from legal costs to damage to their reputation.”
There’s an old saying that there are only two types of businesses: those who have lost their data and those who will. Imagine the potential chaos, risk exposure, reputation damage and the expense of losing your valuable business data or having it exposed to unauthorized parties.
While computing mobility delivers a host of advantages to the business and the user, care must be taken to ensure security, privacy, and confidentiality of the business information and protecting against business data loss.
Increased exposure to liability is a reality for any mobile business, and the risk is only multiplied by the number of systems a company has in the field. Smart businesses reduce risk by deploying secure yet versatile platforms for their workers that allow data to be stored and protected in centralized environments rather than on individual computing devices.
Via the cloud, businesses of all kinds are reaping the benefits of new and innovative service delivery, achieving the freedom and functionality a mobile working model demands. Mendelson Consulting and Noobeh cloud services have the cloud solutions and managed IT services that provide the mobile capability businesses need, but with the additional protection, additional security, and ongoing management that the value of the data demands.