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Data is one of the most valuable assets of any company. Unfortunately, cyberattacks and data breaches increase day by day and this makes a strong security plan for data more important than ever before. A robust data security plan safeguards information against unauthorized access, which could have devastating consequences like expensive recovery and forensic costs, lost productivity as well as compliance fines, reputational damage, and a permanent loss of trust from customers.

A robust data policy will include best practices, like encryption, which protects sensitive data while in transit and in storage. It should also include user authentication, authorization and access http://mydigitalbusinessblog.com/how-to-set-up-fitbit-to-effectively-use-it/ management. It involves monitoring and detecting threats to the confidentiality, integrity and availability of data.

The process of identifying and classifying information by its sensitivity is another crucial aspect of data security and helps organizations prioritize their security measures according. Low-sensitivity data, for example can be made available to the public and high-sensitivity data is restricted to a limited number of users, to avoid adversity consequences if it’s compromised or destroyed.

Data security is a matter of concern for all businesses regardless of their size. This is particularly relevant in light of the growing level of sophistication and the number of cyberattacks and regulatory requirements like the EU’s General Protection Regulations (GDPR), California Consumer Privacy Acts (CCPA) and Payment Card Industry Data Security Standard. In addition to safeguarding customers from identity theft, secure data security is an essential part of meeting legal and compliance requirements within a specific region or area of the world and is often mandated by local laws, whether state or national.