The Importance of Data Security and Privacy Protection

The world of business is full of sensitive information, which includes the records of clients and employees to research data that is proprietary and financial data. If these sensitive pieces information are breached and exposed to a breach, it could result in massive costs, loss of trust and brand damage. Security and privacy practices that are well-established can minimize the impact of a cyberattack by providing a solid foundation for an organization’s cyber strategy.

The two concepts of data privacy and data security are often confused, but they have completely different meanings. Data privacy concerns protecting the rights of an individual through organizations that adhere to regulations and best practices. Data security is about protecting data from external threats.

Data privacy focuses on educating people of the reasons and when their personal information is being collected and obtained, as well as restricting the extent of data collection and using only what is required for its intended purpose, ensuring that users have access to their data and the ability to rectify or erase it. Privacy protection policies also dictate the use of encryption, passwords, and other security measures to ensure that only authorized persons are able to access data.

In addition it is crucial to create awareness and training for employees and customers regarding the hygiene of passwords, phishing, and social engineering techniques to reduce the chance of data breaches resulting from human errors. Another crucial aspect of security of data is keeping backups of data and monitoring the backup processes to spot any problems. This will help ensure that data can be recovered in the event of corruption or unavailable due to any reason, such as a system outage, natural disaster or cyberattack.

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