Personal and corporate data are in the spotlight more than ever, as the cost of data breaches continues to rise. The cost of data breaches to businesses globally reached an average of $4.24 million per incident in 2020. In Southeast Asia, the average cost of a data breach is $2.64 million. These figures are the highest in 17 years. On a personal level, people’s data is highly protected by governments.
Data security solutions for businesses shared at Vietnam Security Summit 2023
According to data from a report by FortiGuard, Fortinet's research and development division, in the first quarter of 2023, this tool detected about 9 million threats occurring on the same day in Vietnam. Most of these were reconnaissance attacks to find vulnerabilities in corporate systems and personal devices. A survey by Fortinet in Vietnam showed that 72% of respondents had experienced at least double the number of security incidents recently. Meanwhile, the security force of businesses is quite thin, making it difficult for the system to be well protected.
While corporate data and personal information are under strict scrutiny, the risks of data loss and internal risks are increasing as the post-pandemic work environment becomes more open. Employees can work from anywhere, devices access the system from multiple directions, and multi-layered data from the cloud to on-premises, creating great security pressure on the enterprise's technology system.
At the Vietnam Security Summit 2023 event, Noventiq provided a comprehensive and fresh perspective for businesses in identifying and protecting data, the most important asset in the digital age. In particular, Noventiq introduced the Noventiq Manage Protection solution - closely combining the classification and protection process, preventing data loss from Noventiq with Microsoft data protection solutions. This solution provides comprehensive services from testing, assessing network security vulnerabilities to providing the most suitable solution for businesses. Testing from Noventiq does not affect or interrupt business operations.
Mr. Le Quan, General Director of Noventiq Vietnam, affirmed: "There is an urgent need to prioritize cybersecurity for businesses. Vigilance through regular assessments and training is very important. Businesses should deploy strong protection measures such as firewalls, encryption and access control. When businesses combine the right technology solutions with security systems, it will make a difference."
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