With ever-increasing data breach instances, ensuring data protection has assumed vital importance in today's digital era. The value of securing confidential data will continue to form and alter the security strategies' framework across organizations. This will undoubtedly result in an increased emphasis on access controls, visibility solutions, and investments in data-centric ERP security. Businesses will find the expense of data breaches too high with many comprehensive data protection laws in the offing. Enterprises should invest in strategic solutions to address emerging threats to data security.