Data is one of the most valuable assets of any organization. Data breaches and cyberattacks continue to rise, making a solid security strategy for data more crucial than ever. A solid data security policy protects data from unauthorised access, which could have devastating consequences like expensive recovery and forensic costs, loss of productivity as well as reputational damage, compliance fines, and permanent loss of customer trust.
A strong data policy will incorporate best practices, for example encryption to safeguard sensitive data while in transit as well as at rest. It should also include authorization, authentication, user authentication and access management. It involves monitoring and detecting threats to the integrity, confidentiality and availability of data.
Data security is also a key component of identifying and classifying information based on its sensitivity. This allows organizations to prioritize their security efforts according to. For instance, data that is low-sensitivity is able to be shared with the public, while information with high sensitivity should only be accessible to specific users in order to avoid any catastrophic consequences if it’s damaged or destroyed.
Security of data is a major concern for all companies regardless of their size. This is particularly because of the increasing complexity and frequency of cyberattacks and the regulatory requirements like 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 a variety of reasons, including safeguarding customers from identity theft as well as meeting the legal and compliance requirements of specific areas or geographical area.
http://www.mydigitalbusinessblog.com/data-room-for-performance