As companies embrace remote access, bring-your-own-device (BYOD), the Internet of Things and other technologies, it becomes increasingly hard to keep data private. Data storage and management require solid infrastructure, strong security controls, extensive monitoring and well-considered policies for data governance. Companies may also be required to deal multiple types of privacy laws at different levels, including those created by industry, government and the region. This can make data privacy difficult, and requires periodic risk assessment and periodic updates.
Privacy of data allows individuals to control the way that informative post their personal information is collected, stored and used. It assists companies in establishing trust, ensure ethical practices and foster innovation while maintaining individual autonomy. Data privacy is crucial for protecting personal data, establishing trust and ensuring compliance with regulations, laws and business continuity.
Data security is the process of protecting sensitive data from unauthorised access, theft or loss throughout its entire lifecycle. It involves processes and practices like encryption, hashing and tokenization to safeguard data at rest and in motion. It also includes authentication procedures and authorizations that validate an individual’s identity in order to determine whether they are allowed access to data. Multi-factor authentication, for example it can ensure that only authorized people have access to sensitive information. Additionally, encryption can stop threat actors from reading confidential files by making them unreadable. This reduces the chance of a breach and protect damage to intellectual property, confidential communications or adversely impact data analytics. Companies often underestimate the data security’s complexity and do not invest enough resources into it, despite its importance.
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