The Importance of Data Security and Privacy Protection

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 requires a robust infrastructure security controls, monitoring, and policies that are well-thought out. Businesses may also need to adhere to a variety of privacy laws at various levels, including those set by industry, government, and even the region. This makes achieving data privacy difficult and requires regular assessments of risk and updates.

Data privacy permits individuals to have control over the way that their personal information is collected, stored and used. It helps businesses build trust, maintain the highest standards of ethics and foster innovation while preserving the autonomy of individuals. Data privacy is crucial for protecting personal data, establishing trust, adhering to laws and regulations, maintaining business continuity and preventing cyberattacks which could threaten the bottom line.

Data security guards sensitive information against theft, loss, or theft throughout its lifetime. Data security involves techniques and processes like encryption, hashing, and tokenization to safeguard data both in its resting state and while it is moving. It also involves authentication procedures and authorizations that verify the identity of an individual to determine if they are allowed access to data. Multi-factor authentication for instance, can ensure that only authorized individuals have access to sensitive information. It also stops hackers from gaining access to confidential files by making them illegible. This can lower the likelihood of a breach and prevent damage to intellectual property confidential communications or affect data analytics. Companies often underestimate the the complexity of data security and do not put enough resources into it despite its importance.