The world of business is full of sensitive information from https://indexdataroom.blog/6-ways-to-improve-your-data-security-and-privacy-protection customer and employee records to proprietary research and financial data. If sensitive data is compromised, it can result in massive costs as well as loss of trust and brand damage. Security and privacy practices that are well-established can reduce the potential impact of a security breach by providing a solid foundation for a company’s cyber-security strategy.
The two concepts of privacy and data security are often confused, yet they have very different meanings. Data privacy is centered around protecting an individual’s rights through organisations that adhere to regulations as well as business practices, while data security is concerned with protecting data from external attacks.
Data privacy focuses on informing individuals about the purpose and time of when their personal information is collected, obtaining consent, limiting the scope of data collection and only using data that is required for its intended purpose, while ensuring that users have access to their information and the power to modify or delete it. Privacy protection policies also require the use of encryption, passwords and other security measures to ensure that only authorized users can access the data.
To reduce the risk of data breaches resulting from human mistakes, it is important to train and educate customers and employees about security measures for passwords as well as social engineering and phishing techniques. Monitoring and backing up data as well as monitoring backup processes to spot and repair any issues is an additional aspect of data security. This will ensure that data can be recovered when it becomes corrupted or not accessible due to a system failure, natural disaster or cyberattack.
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