Data is one of the most valuable assets of an organisation. Unfortunately data breaches and cyberattacks are increasing day by day and this makes a strong security plan for data more important than ever before. A solid data security policy protects data from unauthorized access, which could cause catastrophic consequences such as expensive recovery and forensic costs, loss of productivity as well as compliance fines, reputational damage and permanent loss of trust among customers.
A solid data security plan includes best practices like encryption to safeguard sensitive information both in transit and at rest, authentication of users, authorization, and access management, and resilience to ensure that content is accessible when it is needed. It is about detecting and monitoring threats to the integrity, confidentiality and availability of data.
Data security is an essential element in identifying and classifying data according to its sensitiveness. This allows organizations to focus their security efforts in a specific way. For instance, data with low sensitivity can be made available to the public but high-sensitivity information is restricted to a restricted group of users, to avoid adversity consequences in the event that it’s lost or compromised.
Security of data is a major concern for all businesses, no matter their size. This is particularly because of the increasing sophistication and number of cyberattacks and regulatory requirements such as the EU’s General Data Protection Regulations (GDPR) as well as the California Consumer Privacy Acts (CCPA) and Payment Card Industry Data Security Standard. A strong data security system is crucial for many reasons, such as protecting customers against identity theft, and ensuring that you meet the legal and compliance requirements for a specific field or geographic area.
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