The business world is brimming with sensitive information including customer and employee records to proprietary research and financial data. When sensitive data is compromised, it can cause huge financial losses including loss of trust and brand damage. Secure and secure practices can minimize the consequences of a breach by providing a solid base for a company’s cyber strategy.

Privacy and security of data are often confused but have different meanings. Data https://indexdataroom.blog/6-ways-to-improve-your-data-security-and-privacy-protection/ privacy is about protecting an individual’s rights through organizations adhering regulations and business practices. Data security is concerned with protecting data from threats external to it.

Data privacy focuses on informing individuals about the purpose and time of when their personal data is collected and obtaining consent, while restricting the scope of data collection and only using data that is required for its purpose, ensuring that users have access to their data and the capability to rectify or delete it. Privacy protection policies also require the use of encryption, passwords and other security measures in order to ensure that only authorized users have access to access data.

Additionally it is essential to create awareness and training to employees and customers about security of passwords, phishing and social engineering techniques to reduce the chance of breaches due to human errors. Another crucial aspect of security of data is backup of data and monitoring the backup processes to identify any problems. This will ensure that data is recoverable in the event of corruption or unaccessible due to any reason, for example an outage in the system or natural disaster, as well as cyberattacks.