With cybersecurity attacks on the rise in the Caribbean, many leaders wonder how they can best protect their organizations from malicious actors. Although it’s easy to picture black hat hackers randomly targeting your business, data breaches can often be prevented by improving your internal procedures. According to a 2020 report, data phishing attacks alone cause 90% of data breaches.
Given increasing regulation around data protection and privacy, such as the Data Protection Act of 2020 enacted in Jamaica, businesses should consider implementing or reviewing existing privacy policies to protect themselves from cybersecurity attacks.
Jamaica’s Data Protection Act, while not in effect until 2022, is expected to be influential in the Caribbean region. It’s considered an effective and comprehensive privacy law, drawing heavily from the EU’s GDPR laws.
Few companies enjoy writing privacy policies. But it can be an underrated opportunity to enhance goodwill with your customers. Consider the following components of private policies that can help win customers over:
Now that you’ve learned more about privacy policies and their importance for organizations in the Caribbean region – what’s next for your company?
What other steps can Caribbean organizations take to improve their cybersecurity? Learn more about how your organization can mitigate ransomware risks from our special report about rising cyberattacks in the region.