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Debunking Three Common Myths About Data Protection

Debunking Three Common Myths About Data Protection

Introduction Data protection is no longer an afterthought but a daily priority for businesses. While Australia's regulations like the Privacy Act and the Notifiable Data Breaches (NDB) scheme are crucial, the average cost of a data breach globally is now $4.45 million. For Australian enterprises, the financial hit can be devastating, especially if production data is compromised due to a breach or internal error, leading to costly downtime. It's estimated that downtime can cost businesses up to $5 million per hour in critical scenarios.ย  Myth 1: Cloud Providers Automatically Back Up Your Data Australian businesses have widely adopted cloud storage for their data and workloads. In fact, cloud security ...

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