Businesses collect a great deal of data on their users and customers. The information collected is highly sensitive, and should be protected against attack by hackers. Also, it must be protected from misuse and exploitation to make profit.
To avoid cyberattacks and data breaches, it’s imperative that businesses implement data security measures like authorization and encryption. It is also crucial that they comply with global privacy laws like GDPR and CCPA.
However, it’s important to realize that data security and privacy protection are two different things. Security for data is about protecting data from unauthorized access, and this includes from insiders and hackers. It also protects data from alteration, tampering and destruction. It also incorporates authentication https://indexdataroom.blog/ methods such as multi-factor authentication and encryption to protect the data from it from being stolen. It also has security features like audit trails and automated policies enforcement.
Privacy is the control of access to personal data. It focuses on consumer rights and how companies utilize data. It includes policies on how data is gathered and shared, and it requires that companies provide transparency to customers and users. It also provides procedures to deal with issues if they occur.
It’s almost impossible for businesses to not collect and storing a large volume of information about their customers and users. If this data falls into the wrong hands it can cause fraud, identity theft, and the loss of customer loyalty. It can even put the safety of people and nations at risk, their livelihoods at risk and their reputations at risk.