According to a global survey of workers and IT professionals by IDC, document challenges account for as much as 21.3% of a company’s productivity loss. Unfortunately, there are far worse issues that can arise from document challenges, especially when it comes to cyber security.
Everything from a company’s financial reports to personnel data can be found across the digital landscape. If this information isn’t adequately protected and secure, a business risks being targeted by innovative cyber criminals across the globe.
Here are some of the main digital threats to a company’s network security:
- Network-based ransomware — This attack involves self-propagating ransomeware that quickly spreads across a network, without relying on an employee to mistakenly click a button, download a file, or plug in a USB stick. The best way to prevent these kinds of network attacks is to regularly backup all your company’s critical data and keep all your systems and applications up-to-date.
- Malware masked as cloud services — Since so much of today’s information is stored in the cloud, there are hackers that have created was to pose as legitimate cloud services, hoping to break into an organization’s network and access sensitive data. Utilize threat intelligence monitoring and analytics systems to identify suspicious cloud-based behavior.
- Social media cyber threats — Criminal hackers are identifying high-value individuals within a company and are finding ways to access their social media and email accounts. Once inside, they can begin the process to compromise other aspects of a business.
With document management software systems, organizations will have a much better chance of protecting their digital information and preventing serious cyber attacks from occurring. According to LA News, the document management software market is projected to increase at a compound annual growth rate (CAGR) of 12.3% by 2028.