Data leaks can act as a major disruptor, with a devastating impact on a company’s operations, creating numerous bottlenecks and friction points. Furthermore, compromising client sensitive data and other personally identifiable information not only severely damages overall customer trust in the company in question, but – depending on the type of data loss – it can lead to severe fines for not complying to data protection regulations (GDPR, HIPAA, PCI DSS), thorny legal issues and lawsuits.
Data leakage prevention falls under the umbrella concept of Data Loss Prevention, a strategy composed of user and security policies and security tools to strengthen a company’s system and workflow, making them more resistant to data leakage, data breaches and external tampering in general.
Best data leakage prevention practices:
- Implement a Policy of Least Privilege to data access – employees can access only the absolute minimum they need to perform their job;
- Enforce restrictions on the email domains that employees can send attachments from company systems
- Stricter endpoint security management;
- Data encryption;
- Identifying and separating critical data.
Modex BCDB is a middleware software solution which provides a suite of data security benefits for enterprise grade applications that interact with large scale database systems. By intervening between the client’s application server and database system, Modex BCDB adds a blockchain layer in the development stack that enhances data leakage prevention by enabling a new set of core functionalities and features: database distribution and decentralization, data integrity and immutability, real-time backup, data access control mechanisms and cryptography.