Data Security Part 1: Loss Prevention Hardware / Software / Electrical

Oct 05, 2015

Data security plays a vitally important role within the operations of any business, however when working within the financial sector it becomes ever more critical. After all, such a company has significant assets to ring fence, from actual accounts through to client data. So here we take a look at data security, explaining some of the founding factors of protecting such a company’s IT infrastructure.
Let’s begin by establishing what data security is
Defining what data security is can be a pretty difficult task. After all this is an area of IT that is about expansive as it can be, covering many seemingly never ending fields. However for the purpose of this blog post we hone in on a few of the most common situations and considerations for a company such as ours when we seek to improve our clients’’ data security.
To this end data security may be compromised either locally (at an in-house computer, for example) or it may be comprised remotely (via the internet, for example).
The construction of the system and the way in which it is set up is inherently important to security levels and, ultimately, to how protected you may be from security threats. And whilst certain elements may be protected and planned against with the standard system, all too often they are at the detriment to other security considerations. So next we take a look at the three basic building blocks of data security: hardware, electrical and software.
Overcoming loss prevention in the most common of situations
We could talk all day about loss prevention in and as it relates to the following three areas, however here we cover the basics to provide for a pretty solid, starting overview.
Hardware failures
Practically everyone has experienced a certain level of hardware failure (we’re sure that you’ve at some point cursed at the ‘Blue screen of death’, or done battle with a complete, inexplicable system freeze). Sometimes such hardware failure result in data loss (with potentially the most common for the business or home computer being that of a Windows Word Document losing text, although the recovery function is aimed at limiting this). And it is this data loss that companies such as ours work towards reducing to minimal or non-existent levels.
Hardware failures: Common solutions
Overcoming and protecting against hardware failures can be undertaken in a wide variety of ways, including, but not limited to:
- External Hard Drive;
- RAID 1 or 5;
- Local Network Storage;
- Cloud Storage.
Electrical surges
Electrical surges are potentially one of the most unpredictable situations to prepare for and can effectively happen at any time. What’s more the damage that they cause can be equally as temperamental with strengths that may range from minimal (caused by a blown fuse, for example) through to catastrophic (where complete hardware systems may be ‘fried’).
Thankfully power surges are something that can be robustly protected against with a range of components to regulate power and stop surges before they reach the system in question.
Software failures
Software failures are almost as common as hardware failures, and equally will likely have been experienced numerous times over. They may not be as damaging as a hardware failure, however they certainly can be as frustrating! Two of the most common for the average PC may be USB memory stick or removable hardware failures (where your data can be lost in one swift removal of a stick) and file system errors where Windows simply fails to start up.
Of course for the enterprise wide financial system examples of software failures can be a whole lot more complex, time-consuming and detrimental, and as such specialist solutions to avoid data loss is critical.

At Couno we appreciate the complex business of IT security and information risk management, and our clients are amongst the most robustly protected within the financial services sector there are. If you want to hear all about what our data security services could achieve for you, then talk with the Couno team today.

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