Data is your most valuable asset, regardless of whether you’re a corporation or a consumer. It is crucial to secure your data from cyber attacks or loss, as well as theft. Data security and privacy protection is crucial. It isn’t easy to differentiate between these concepts.
Data security refers to the collection of policies tools, methods, and policies used to guard personal information from insecure access. This includes encryption, multi-factor authentication, and monitoring information about users. It also has the capability to transfer data between various environments and software applications. Privacy of data is the right of every individual to control their personal information and how it is used. This includes limit the collection and retention of data, giving users the option of deleting their personal information, and adhering with relevant laws like GDPR and CCPA.
Sensitive data could include personal information such as address, name and date of birth medical history or credit card information. These data can be used to make fraud by criminals, or provided to marketers without consent. These kinds of activities are deemed as a violation of the right to privacy guaranteed by the laws on data protection.
Data breaches can be expensive for businesses both financially and terms of reputational damage. Apart from paying fines and compensation, a data breach can cause long-term consequences on trust in customers. By including privacy and data security into your business it will ensure that your data is secure and prevent costly cyber-attacks.