As companies embrace remote access, bring-your-own-device (BYOD), the Internet of Things and other technologies, it becomes increasingly hard to keep data private. Data storage and management requires a solid infrastructure and security controls, monitoring, and policies that are well-thought-out. Additionally, companies may have to deal with multiple types of privacy laws at different industries, government and regional levels. This can make data privacy challenging, and requires regular risk assessments and periodic updates.
Privacy of data allows individuals to be in control of the way their personal data is stored, collected and used. It allows companies to build trust, maintain ethical practice and promote innovation while protecting the individual’s autonomy. Data privacy is vital for protecting personal data, establishing trust and ensuring compliance with the law, regulations and business continuity.
Data security protects sensitive data against unauthorized access, loss or theft throughout its lifetime. Data security entails processes and techniques such as encryption, hashing and tokenization to protect data both at rest and while it is moving. It also involves authentication processes and authorizations that verify the identity of an individual to determine if they’re granted access to data. Multi-factor authentication, for instance will ensure that only authorized people are able to access sensitive data. It also stops threat actors from reading confidential files by making them unreadable. This reduces the chance of a breach and protect damage to intellectual property confidential communications or affect data analytics. Many companies underestimate the importance of the complexity of data security and don’t invest enough resources in it, despite its importance.
