The Importance of Data Security and Privacy Protection

With the increased attention on security breaches and cyberattacks businesses are recognizing that a key component of risk assessment is ensuring that they have the right controls in place to protect their most valuable assets. These include security measures like encryption, firewalls and authentication, as well as policies that govern how information is used, stored and shared.

Data privacy covers these areas of control, which includes making sure that personal information is only collected for the reasons it is required for and that companies don’t store or share that information with unauthorised third parties. This also means providing users with clear and easy-to-understand guidelines regarding how their personal data is being used, and giving them the option to opt-out of these purposes. It also requires compliance with a variety of privacy laws that include GDPR, CCPA, and HIPAA.

Remote access, wireless Bring Your Own Device, smart devices and Internet of Things technologies create a mess for modern business environments. These technologies require strict access controls and a careful management of infrastructure, as as an understanding of the regulations at the local, state, province or even country level.

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Without these security measures in place, you are at risk of an expensive breach that could harm your reputation, lose customers and cause penalties or lawsuits. There is also the possibility of losing important information which could help you create innovative products and services for your clients. In essence, the importance of data security and privacy protection can’t be overstated.

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