Data is your most valuable resource, whether you’re a company or a consumer. It is essential to safeguard your data from cyber attacks and theft, as well as loss. Privacy protection and data security are both vital to this. It isn’t easy to differentiate between these concepts.
Data security involves the policies tools and methods that are employed to safeguard your personal information from unauthorised access or disclosure. This includes encryption, multi-factor authentication, and monitoring user information. This includes the capability to transfer data between software applications and environments. Privacy in data, on other hand, is concerned with an individual’s right to control how their information is used and shared. This includes the limitation of the collection and storage of data, giving individuals the option to delete personal information, as well as complying with relevant laws such as GDPR and CCPA.
Sensitive information can include personal information, like address, name, date of birth medical history, or credit card information. These information can be used to make fraud by criminals, or provided to marketers without consent. This is a violation of your right to privacy, which is protected by laws on data protection.
Data breaches can cost businesses high prices in terms of reputational and financial damage. A data breach could cause long-term damage to trust among customers in addition to the cost of penalties and compensation. By including privacy and security for data within your company you can ensure that your data is safe and prevent costly cyber-attacks.
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