With the increasing attention paid to security breaches and cyberattacks companies are realizing that a key component of risk assessment is to ensure that they have the proper security measures in place to protect their most important assets. These include security measures such as firewalls, encryption, and authentication, as well as guidelines that govern how information is stored, used, and shared.
Data privacy is one of the areas of control, including making sure that personal information is only collected for the purpose for which it’s needed and that businesses don’t keep or share the data with untrusted parties. It also means giving users simple, easy-to-understand guidelines on how their data is being used and giving users the option of opting out of those uses. It also requires compliance to various data privacy regulations including GDPR, CCPA and HIPAA.
Modern business environments are complicated by wireless, remote access, bring your personal device as well as smart devices and internet of things technology. These technologies require strict access controls, as well as careful management of infrastructure, as as an understanding of the regulations at the local level, provincial, state or country level.
Without these safeguards in place you are at risk of an expensive breach that could impact your reputation, result in losing you can try these out customers, and result in fines or even lawsuits. You also risk that you will lose important information that could help you create new products and services for your clients. The importance of protecting your data and security cannot be overstated.
