Data is the most valuable resource you have, whether you are a business or a consumer. It is crucial to safeguard your data from cyber attacks and theft, as well as loss. Security of data and privacy is vital. However, it can be difficult to understand the difference between these two concepts.
Data security involves www.indexdataroom.blog/virtual-data-room-comparison-for-companies-security/ the policies, tools and methods that are employed to protect personal data from unauthorized access or disclosure. This includes encryption, multi-factor authentication, and monitoring user information. It also has the capability to transfer data between different environments and software applications. Data privacy, on the other hand, deals with an individual’s right to control how their information is used and shared. This includes the limitation of data collection and storage and providing users with the option of eliminating their personal information, and ensuring compliance with applicable laws and regulations, like GDPR and CCPA.
Personal information like date of birth name, address, medical history, or credit card numbers are considered sensitive data. These data can be used to make fraud by criminals, or provided to marketers without consent. These types of activities are thought to be an infringement of your right to privacy as guaranteed by the laws protecting data.
Data breaches can cost companies huge amounts of money in terms of financial losses and reputational damage. Data breaches can affect long-term customer trust in addition to the costs of penalties and compensation. By including data security and privacy protection into your business, you can ensure that your data is secure and avoid costly cyber attacks.