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Data Masking
Businesses lose credibility and financial gains, the privacy of citizens gets compromised each day due to cyberattacks that result in data breaches. According to a research, the cost of data breach has increased since the year before. The costliest among the data breaches is Personally Identifiable Information, which is the kind of information that permits the identity of an individual to be directly or indirectly inferred, including any information that is linked or linkable to that individual. Therefore, sensitive data protection is getting more important for organizations and there is an increase in spending for data protection solutions. Data masking is one of the many solutions that help businesses and organizations protect themselves against cyber attacks.
Data masking, also known as data obfuscation, hides the actual data using modified content like characters or numbers. The idea behind data masking is creating another version of data that cannot be easily identifiable or reverse engineered, protecting data classified as sensitive.
However, it doesn’t destroy the data and the data stays usable for other activities. If used with an access management service like HIWARE, data masking can also be activated depending on the user and the user’s unique authority and access.
The main reason why it is necessary is that a company needs to prevent any mistakes that might result from human error. The human error part of cyber security is getting more serious as the cost of human error has reached tens of millions and therefore companies are spending more on solutions that provide access control of system users. Collectively, more than 80%of all data breaches are due to insider threat, which can be either intentional or accidental. Data masking hides sensitive information such as passport no, name, address, phone number etc., so that even the employees who handle the DB cannot see the details and exploit them. Only the admins who are trusted enough to handle to data is given access to this data.
‘Insider threat’ is not only the employees that work for that organization, but everyone with access to the system. Data masking is a very useful tool when a company needs to give access to its database(s) to outsource and third-party IT companies. It makes data useless for cyberattacks while preserving its usability and consistency while reducing risks associated with sharing the data with integrated third-party applications and cloud migrations. It also avoids risks associated with outsourcing any project. Because most organizations merely rely on trust when dealing with outsourced persons, masking prevents data from being misused or stolen.
Data masking also helps companies to stay compliant with data protection laws such as GDPR, PDPA etc. by eliminating the risk of sensitive data exposure. Because of this, data masking offers a competitive advantage for many organizations. And in many countries, data protection laws legally require companies to comply with their rules which makes cybersecurity measures like data masking a necessity and not a ‘good to have’.
NETAND has received another recognition as Top 10 Digital Identity Solutions provider in APAC 2022 by Enterprise Security Magazine, which indicates our strong position in the global market.
NETAND has been introduced by CYBERNEWS as a global leading cyber security company in South Korea!
A great experience in the Philippines! K-Security seminar in the Philippines was successful and we hope to come back again!
Data masking, also known as data obfuscation, hides the actual data using modified content like characters or numbers. The idea behind data masking is creating another version of data that cannot be easily identifiable or reverse engineered, protecting data classified as sensitive.
NETAND, specializing in integrated access and identity management solutions, announced that it was selected last month in the information and communication field of the “National 1000 Innovative Enterprises.”
Many companies are suffering from the aftermath of COVID-19, but some companies showed fierce growth this year, with sales rising 20% year-on-year such as NETAND Co., Ltd. (CEO Shin Ho Chul); a company specializing in integrated access and account management.
