The average business stores an enormous amount of information regarding its customers and users. This data is highly sensitive and should be secured from attacks by hackers. It must also be protected against misuse and exploitation to earn money.
This is why it’s crucial to ensure that organizations take data protection measures such as encryption and authorization to avoid data breaches and cyberattacks. This is also the reason it’s imperative that they comply with global privacy regulations such as GDPR and CCPA.
It’s important to know that privacy and data security are two distinct things. Data security is the process of securing the data https://indexdataroom.blog/citrix-sharefile-work-from-anywhere-and-access-files-from-any-device from unauthorized access. This includes insiders and hackers. It also shields data from alteration, tampering and destruction. It also includes authentication methods like multi-factor authentication, as well as encryption of data to prevent it from being stolen. It also includes safeguards such as audit trails and automated policy enforcement.
Privacy is, on the other hand is about controlling access to personal information. It focuses on consumer rights and how companies make use of data. It includes policies on how data is gathered and shared. It requires that companies disclose their data to customers and users. It also provides procedures to deal with issues if they occur.
It’s nearly impossible for businesses today to avoid collecting and storing large amounts of information about their customers and users. If this information falls into the wrong hands, it can cause identity theft and loss of customer loyalty. It can even threaten the safety of people and countries, putting their livelihoods at risk and jeopardize their reputation.