Data is among an organization’s most important assets. Cyberattacks and data breaches are on the rise, making a solid security strategy for data even more crucial than ever. A solid policy for data security protects data from unauthorized access, which could result in devastating consequences, such as costly recovery and forensic costs, lost productivity, reputational damage, compliance fines and permanent loss of customer trust.
A strong data policy will incorporate best practices, for example encryption, to protect sensitive data when it is in transit and in rest. It should also include user authentication, authorization and access management. It also includes monitoring and detecting threats to the security, integrity, and accessibility of information.
The process of identifying and classifying information in accordance with its sensitivity is a crucial aspect of data security and it helps organizations prioritize their security measures according to. For instance, sensitive data can be shared with the public, whereas high-sensitivity information should only be accessible to specific users in order to avoid catastrophic consequences should it be compromised or destroyed.
Data security is a significant concern for all organizations of different sizes around the world due to the increasing number and sophistication of cyberattacks, as well as the strict regulatory requirements such as the EU’s General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA) and Payment Card Industry Data Security Standard (PCI DSS). Data security is vital for many reasons, such as protecting customers against identity theft, and ensuring that you meet the legal and compliance requirements for the specific field or geographical area.
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