After the spread of the COVID-19 pandemic, many businesses had to shift from an on-site working environment to a remote one. While this transition may have brought several advantages, companies faced challenges regarding their employee’s productivity as not everyone enjoys a work-from-home setup.
To combat this, many organizations allowed employees access to company data despite being outside the corporate network. However, this step toward fighting unproductivity comes with a cost – mobile data leakage.
Due to this, many companies, especially financial firms, are torn between granting their employees convenience and maintaining security. But there is one thing that businesses must remember – never compromise security over increased comfort and productivity.
Since the development in the tech industry has paved the way for phones to be used in emailing and other transactions, mobile data leakage has become more plausible. Therefore, any institution that seeks to observe compliance with SMS archiving regulations must have the appropriate security measures for employees who need access to confidential data on their phones.
A mobile data leakage happens when data gets transmitted from an organization to an external recipient without authorization. Many assume this can only occur when a company’s system gets hacked. However, you are missing an important detail that a mobile data leakage does not need an elaborate cyber-attack to occur. This manifests itself when people hand over data to criminals, either by accident or mishandling.
Phishing is one of the most common strategies fraudsters use to steal data. It is social engineering where an attacker sends a fraudulent message intended to trick a person into revealing sensitive information by attacking the phone or computer’s system.
This tactic has been tremendously successful due to people being tricked by it. Opening suspicious emails or untrusted links is just an example of how phishing works. With cybercriminals stepping up in improving their tools and methods of stealing data, employees remain the number one threat to an organization’s data. Let alone employees that have access to these pieces of information while using another network.
With all these in mind, organizations must establish a secure archiving system not just for their protection but also for their consumers. Therefore, keeping records such as financial regulation text message archiving is integral to an organization’s operations.
For more information regarding mobile data leakage, its negative impact on businesses, and how to prevent it, you may read through this infographic created by Telemessage.