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  • Beyond Law and Compliance

    Overview of BVI's Data Protection Act, 2021

Article:

Beyond Law and Compliance

21 October 2022

Today, data has become one of the most valuable assets of any organisation and every person, and therefore the most desirable object for cybercriminals. Most cyberattacks are aimed at stealing information, damaging, and changing internal data, and destroying confidential information. 

With the importance of data, cybercrime prevention is becoming increasingly necessary. This set of actions is aimed at ensuring an adequate level of data security and compliance with all cybersecurity measures that help organisations find, identify, and respond to cybercrime.

At an individual level, a cybersecurity threat can lead to identity theft, data loss, extortion, etc. At an organisation level, the consequences can be in the form of damage or destruction of a company's IT infrastructure. It is necessary for all companies and organisations that collect data to develop a cybersecurity plan. The stages of preparation and prevention of cyber—attacks are of key importance, since in case of a real attack, recovery can be time-consuming and costly, and sometimes even impossible.