Data is one of an organization’s most important assets. Unfortunately attacks on data and cyber-attacks increase day by day which makes a robust security strategy for data more vital than ever. A solid data protection policy protects information from unauthorized access. This could have devastating consequences, like costly recovery and forensics costs as well as lost productivity and reputational damage, compliance fines, and permanent loss in customer trust.
A strong data security strategy includes best practices, such as encryption to secure sensitive data during transport and at rest, user authentication authorization, authorization, and http://www.mydigitalbusinessblog.com/which-incorporation-documents-to-submit-during-due-diligence access management, and resiliency to ensure content is available at any time. It involves monitoring and detecting threats to the integrity, confidentiality and availability of data.
Recognizing and classifying data according to its sensitivity is another crucial aspect of data security and it assists organizations in deciding their security measures accordingly. For example, low-sensitivity data is able to be shared with the public, while information with high sensitivity should only be accessible to specific users in order to prevent any devastating consequences if it is damaged or destroyed.
Data security is a major concern for all businesses regardless of size. This is particularly relevant in light of the growing complexity and frequency of cyberattacks and regulatory requirements such as the EU’s General Data Protection Regulations (GDPR), California Consumer Privacy Acts (CCPA) and Payment Card Industry Data Security Standard. A strong data security system is crucial for many reasons, such as safeguarding customers against identity theft as well as meeting the legal and compliance requirements for specific fields or in a particular geographic area.