According to Netwrix research, human error leads the way in most common causes of data loss with 50% of data breaches coming from the negligence of the human user. DLP systems monitor and analyze the content, location, and movement of sensitive data within an organization’s networks, endpoints, and cloud environments. The systems can also be configured to automatically block or quarantine suspicious data transfers, alert security personnel, or perform other actions to prevent data loss.
Data Loss Prevention (DLP) is a critical consideration for businesses operating in Nigeria, given the country’s regulatory environment. The Nigeria Data Protection Regulation (NDPR) mandates that organizations take appropriate measures to protect personal data from unauthorized access, loss, or disclosure. Failure to comply with the NDPR can result in significant fines and reputational damage.
Here are some reasons why your business in Nigeria should have a DLP solution:
- Classification of Data: DLP solution helps policies, standards, and a structured steering committee to ensure accountability and consistency. It helps to identify where your data lives and implement controls to protect it. Ensure the protection is proportional to its sensitivity and criticality.
- Compliance with regulations: The NDPR requires businesses to have adequate data protection measures in place to protect personal data. A DLP solution can help businesses comply with this regulation by preventing unauthorized access or disclosure of personal data.
- Protection of sensitive data: A DLP solution helps businesses protect sensitive data, such as financial information, intellectual property, and trade secrets, from unauthorized access or loss. By implementing a DLP solution, businesses can prevent data breaches and reputational damage.
- Improved productivity: A DLP solution can help employees work more efficiently by allowing them to securely access and share data while preventing unauthorized access or data leakage. This can result in increased productivity and collaboration while ensuring data security.
- Enhanced security posture: A DLP solution can help businesses identify vulnerabilities in their data security posture, such as unauthorized data access, weak authentication, or unsecured endpoints. By addressing these vulnerabilities, businesses can strengthen their security posture and reduce the risk of data loss.
In conclusion, a DLP solution is essential for businesses operating in Nigeria to comply with regulatory requirements, protect sensitive data, and maintain customer trust. Investing in a DLP solution can help businesses avoid the costly consequences of data loss, including fines, reputational damage, and loss of business. By implementing a DLP solution, businesses can improve their security posture and work more efficiently while ensuring data security.