Data is your most valuable resource, regardless of whether you’re a corporation or a consumer. It is crucial to secure it against cyber attacks, loss or theft. Data security and privacy protection are both essential for this. It isn’t always easy to distinguish between these concepts.
Data security entails the policies, tools and methods used to protect personal information from any unauthorized access or disclosure. This includes encryption, multifactor authentication and monitoring of information about users. This also includes the data security and privacy protection capability to transfer data between software applications and environments. Data privacy is the right of every individual to control their personal information and how it is used. This includes limiting the collection and storage of personal data, providing users the option of deleting their personal information, as well as complying with applicable laws such as GDPR and CCPA.
Personal information like birth date name, address medical history, credit card numbers can be considered sensitive data. These details can be used by criminals to commit crimes, or they may be transferred to marketers without your consent. These actions are considered as in violation of your right to privacy guaranteed by laws governing data protection.
Data breaches can be expensive for companies both financially and terms of reputational damage. Data breaches can have long-term effects on customer trust, in addition to the costs of penalties and compensation. By including data security and privacy protection within your company you can ensure that your data stays safe and ward off costly cyber-attacks.