The world of business is filled with sensitive information, ranging from client and employee records to proprietary research data and financial data. If these sensitive pieces information are breached, it can lead to huge expenses, lost trust and brand damage. Strong security and privacy protection practices can reduce the consequences of a data breach by laying a solid foundation for a security strategy.
The two concepts of data security and privacy are often misunderstood, however they have distinct meanings. Data privacy is about protecting the rights of an individual through businesses adhering to regulations and business practices. Data security is concerned with safeguarding the data from external threats.
Data privacy focuses on informing people about when and why their personal information is being collected by obtaining their consent, limiting the extent of data collection, and using only what is required for its intended purposes, ensuring that individuals have access to their personal data and the power to modify or erase it. Privacy protection policies also require the use of encryption, passwords and other security measures to ensure that only authorized users can access data.
To decrease the chance of data breaches resulting from human error, it is crucial to train and educate customers and employees about the importance of maintaining a secure password, social engineering and phishing techniques. The process of backing up data and monitoring backup processes to spot and fix any issues is another vital aspect of data protection. This will ensure that data is able to be restored when it becomes corrupted or not accessible due to a system failure, natural disaster, or cyberattack.
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