Data is your most valuable asset, regardless of whether you’re a corporation or a consumer. It is crucial to secure it from cyber-attacks or loss or theft. Data security and privacy protection is essential. However, it can be difficult to discern the distinction between these two concepts.
Data security involves the policies, tools and techniques that are used to secure personal information against any unauthorized access or disclosure. This includes encryption, multifactor authentication and monitoring of user data. This is the ability to transfer data between software applications and environments. Data privacy, on the other hand, deals with the rights of individuals to click now control the way their data is used and shared. This includes limit the collection and retention of data, allowing users the option of deleting their personal information, as well as complying with applicable laws such as GDPR and CCPA.
Personal data such as date of birth address, name, medical history, or credit card numbers are considered sensitive data. These details could be used by criminals to commit fraud, or transferred to marketers without your consent. These activities are considered in violation of your right to privacy, which is guaranteed by laws governing data protection.
Data breaches can cost companies huge amounts of money both in terms reputational damage and financial losses. Aside from the cost of paying fines and compensation as a result of a data breach, it can also lead to long-term repercussions on trust among customers. By adding privacy and data security into your business and ensuring that your data is safe and prevent costly cyber attacks.