Data security is the protection of data from an unauthorized access that could result in identity theft or credit card charges that are fraudulent or privacy violations. This means encrypting sensitive data using access control, and using multi-factor authentication to ensure that only authorized personnel are able to access sensitive information like PINs or passwords.
Privacy protection, on other hand is about the right of an individual to control the personal information that is collected, used, transferred, and shared. Users can request the deletion or modification of their information, or change the manner in which it’s used. It also requires compliance with regulations like GDPR or CCPA.
Both are essential to the operations of a company, despite the distinction between security and privacy. When companies share confidential information or compromise sensitive data, they could lose the trust of their clients. Having a strong data privacy framework and practice can help reduce the risk of breaches, enabling organizations https://indexdataroom.blog to avoid costly fines, penalties and lawsuits.
The first step in ensuring the privacy and security of your data is to define and categorize all sensitive information an organization has that is personally identifiable (PII) and non-PII. Conducting formal risk assessments and regularly scheduled security audits can aid in this process. In addition, using an instrument to search all repositories and systems for PII can be a useful method of getting a clear picture of the data available and how it’s used by employees. Data security and privacy can be simplified through a policy framework that is able to take into account all aspects of how an organization collects, stores, stores, uses and shares data.