Whether you are a consumer or a business owner, your data is your most valuable asset. It is crucial to safeguard your data from cyber-attacks or theft or loss. Security of data and privacy is vital. It isn’t easy to differentiate between these two concepts.
Data security refers to the policies, tools and methods that are employed to safeguard personal information from the risk of disclosure or access by an unauthorized person. This includes encryption, multifactor authentication, and monitoring of user data. This also includes the capability to transfer data between software applications and environments. Data privacy is the right of every individual to control their personal data and how it is used. This includes limiting the collection and storage of data, giving individuals the option of deleting their personal information, and complying with relevant laws such as GDPR and CCPA.
Sensitive data could include personal information such as name, address dates of birth medical history, or credit card information. These details could be used by criminals to commit a crime, or they may be sold to marketers without your permission. These actions are in violation of your right to privacy, which is protected by laws governing data protection.
Data breaches can be costly for companies both financially and terms of reputational damage. Aside from the cost of paying fines and compensation the data breach could result in long-term negative effects on trust in customers. By integrating privacy and protection of data within your company it is possible to ensure your data is protected and avoid costly cyberattacks.
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