Businesses collect a lot of data about their customers and users. The information collected is highly sensitive and must be protected from attacks by hackers. Also, it should be secured from exploitation and misuse for profit.
To avoid cyberattacks and data breaches, it is essential that businesses implement measures to protect their data, such as authorization and encryption. It’s also essential that they comply with the global privacy laws like GDPR and CCPA.
It’s important to know that data security and privacy are two distinct terms. Data security is about securing data from unauthorized access, and this includes from insiders and hackers. It also protects data from alteration, manipulation and destruction. It incorporates authentication processes such as multi-factor authentication as well encryption to protect data from being stolen. It also encompasses safeguards like audit trails and automated policy enforcement.
Privacy is the control of access to personal information. It focuses on the rights of consumers and how organizations use data. It contains guidelines on how data is collected as well as shared and used. Furthermore, it requires companies to be transparent with their customers and users. It also includes mechanisms to address issues that arise.
It’s nearly impossible for you can try these out businesses today to avoid collecting and storing a large volume of information about their customers and users. If that data falls in the wrong hands, it could lead to identity theft, fraud and a loss of customer loyalty. It can even put the safety of people and countries at risk, putting their lives in danger and their reputations at risk.