Any private, confidential, or sensitive information is considered a critical asset of any organization for text message monitoring. A data breach can lead to damage to an organization’s reputation and loss of revenue.
Many regulatory authorities worldwide enforce strict rules on personal data protection for communication compliance because if crucial data falls into the wrong hands, it can severely impact the business. It can affect business operations, relationships with business clients, loss in finances, and tarnished reputation that may not be easy to rebuild.
Information leakages can mainly be through unauthorized third-party access, phishing scams, and employees intentionally stealing and sharing information. In all these cases, unsecured tools for data storage can be the primary mediums of data leakages.
For Fortune 2000 companies, the world’s largest companies, data breaches can mean more significant damage to their reputation and loss of billions of dollars in revenue. According to IBM’s Cost of a Data Breach report, the average cost of a data breach is $3.86 million and keeps increasing yearly.
There are numerous data leakage incidents, and it has become a never-ending phenomenon. Aside from personal confidential information, confidential business deals even leak through private communication mediums. Leakage of confidential information due to mobile devices also increases every year because these devices can be vulnerable to bad actors pursuing phishing attacks and information leakage. To prevent such incidents from happening, mobile compliance is an essential process for companies and organizations.
There is a need to include mobile communications in cybersecurity measures by capturing mobile calls, text messages and archival of these data. Many regulatory bodies require companies to comply with mobile archiving requirements such as FCA archiving and FINRA retention requirements since they can help prevent confidential data leaks and ensure safety compliance.
For more details about protecting private, confidential, and sensitive information from leakage, here is an infographic from TeleMessage.
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