Data is the lifeblood of any business, allowing businesses to run efficiently and profitably. However, businesses must balance the need for available and abundant information with the need to ensure that customer data is kept secure and private. This is a challenge posed by new and evolving privacy regulations like Europe’s GDPR and California’s CCPA and long-standing laws like the Health Insurance Portability and Accountability Act (HIPAA), Securities and Exchange Commission rules that protect financial information of shareholders, as well as the Payment Card Industry Data Security Standard for payment information of consumers.
To ensure the security of your data the first step is to organize all your data and safeguard it. This involves identifying, categorizing and determining the access levels for your data by its sensitiveness. It is also crucial to establish a policy which protects data even when it’s in motion or in a state of rest. Using a solution that monitors and detects file activity and identify anomalous patterns can help you recognize suspicious activity and quickly identify and mitigate vulnerabilities, including incompatible software and misconfigurations.
A complete backup and recovery plan that includes physical storage media will be crucial. And lastly it is essential to ensure that you have a solid system of security, ranging from background checks for new hires to periodic trainings for existing employees, to terminating employees who no longer require access to vital systems. In addition, it’s essential to develop a disaster-recovery plan to ensure that your data is secured in the event of a natural or man-made disaster.
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