The average company collects vast amounts of information about its users and customers. The information collected is highly sensitive, and must be secured from unauthorised attacks. Also, it must be protected from misuse and exploitation for profit.
That’s why it is essential to ensure that organizations take data protection measures like encryption and authorization to protect against data breaches and cyberattacks. It is also important that they adhere to international privacy laws such as GDPR and CCPA.
However, it’s important to realize that data security and privacy protection are two distinct things. Data security is the process of securing the data from unauthorised access. This includes insiders and hackers. It also protects data from tampering, modification and destruction. It incorporates authentication processes such as multi-factor authentication as well encrypting data to keep it from being stolen. It also includes safeguards such as audit trails and automated policy enforcement.
Privacy is the control of access to personal data. It focuses on consumer rights and how companies use data. It contains policies on how data is collected as well as shared and used. Furthermore, it requires companies to be transparent with their customers and users. It also provides remedies for when problems arise.
It’s nearly impossible for businesses today to avoid collecting and storing a huge amount of data on consumers and users. If the data is in the wrong hands, it could cause fraud, identity theft, and the loss of customer loyalty. It could improve your data security and privacy protection also threaten the security of individuals and countries, put their livelihoods at risk and damage their reputation.