With the increased focus on attacks on data and cyber-security companies are realizing that a key component of risk assessment is ensuring that they have the right controls in place to safeguard their most valuable assets. These include security measures such as firewalls, encryption, and authentication, but also policies that govern how information is stored, used, and shared.
Data privacy covers these areas of control. This means making sure that personal information is only gathered when it is necessary and that companies do not share or store this data with unauthorized third parties. It also means giving users simple, easy-to-understand policies on how they are being used and offering them the choice of opting out of such uses. It also requires compliance to various data privacy regulations including GDPR, CCPA and HIPAA.
Wireless, remote access devices, Bring Your Own Device, smart devices and Internet of Things technology complicate modern business environments. These technologies require strong access controls and careful management of the infrastructure, as well as an understanding of the laws at the local, state, province or even country level.
Without these safeguards in place, you are at risk of an expensive security breach that could affect your reputation, lose customers and trigger fines or lawsuits. Furthermore, you run the possibility of losing vital information that would help you create new products and services for your clients. In essence the importance of privacy click now and data security protection is not overstated.