Why is Data Protection So Important?

Why is Data Protection So Important?

Massive amount of data is being created with every passing second. In fact, going as per the available figures, 50,000 gigabytes of data will be generated every second by 2018. By 2020, about 1.7 megabytes of new data will be generated every second for every human being. The rate of data creation is growing alarmingly—faster than ever before. As per the study, more data (about 90%) has been created in the last two years than in the entire previous history of the human race. By 2020, the total amount of data in the world is set to rise sharply to 44 zettabytes. To put that into perspective, one zettabyte is equal to one billion terabytes or one trillion gigabytes. This deluge of data is often critical for businesses as well as personal users, making it lucrative for attackers.

Data is a precious asset whether it is financial information and payment details, contact information, private pictures or other sensitive data. Any data that individuals or businesses store digitally, either online (or cloud) or on an electronic storage device, needs to be properly protected. This is to prevent data from being misused by unauthorized parties for fraud such as phishing scams, identity theft and Intellectual Property (IP) theft. Moreover, there are many reasons why data loss can occur, such as accidental deletion, computer virus attack, system failure, data corruption and natural calamities. There is not one simple solution or tool that can be implemented in order to protect data against the variety of threats. Therefore, it is always prudent to create a secure backup of your data to protect it against these risks.

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