Today, the latest buzz in the IT world is how to manage the security and privacy of your big data. In this light, many small and large size businesses are collecting and analyzing the information generated by their customers and processes to gain better insights as well as to make better decisions. Unfortunately, privacy & security of information is often difficult to handle and manage.

A report by the European Commission says that "100% of the enterprises are under the threat of cyber attack"

So, it may not be incorrect to say that, online data sharing in the current scenario has largely become a pricey commodity. Companies need to ensure data security, so it does not fall in the hands of their competitors.

Cloud technology is one of the ways by which an enterprise can store their important files. By deploying this technology, firms can easily access their data while operating in a secured environment. It is for this reason, cloud hosting services are widely gaining acceptance and gradually capturing the entire IT market worldwide. The technology works on data encryption and is, therefore, a secured option for store your online files and information. Moreover, the service providers offering cloud technology use back-up solutions, such as AES as well as geographically redundant data center facilities for securing your online data. The other ways to ensure the safety of your online confidential data are:

Restraining the Access to Information: By using this method, companies can limit the accessibility to their sensitive online business files. The recipients can further regulate the access to the data by granting permission to the users to download the files. In most of the cases, authorization levels are set to prevent the information theft.

Information Sharing Provisions: Personal information sharing provisions are either free or low-priced; however, the real expense to pay for these services is reflected in their security levels. The provisions for personal usage do not include confidentiality and encryption features due to which the probability of data theft increases. By using passwords for the shared files or following enterprise-level security provisions, data can be safeguarded for the cyber attacks.

Regularly Updating Software: It is a best practice to update your software regularly. This is one of the smartest ways to enhance and improve your online security without incurring any expenditure.

To conclude, data security is imperative to a business functioning and, in this context, companies needs to follow the practices to ensure the safety of their critical business files.