Data Safety for Business

Data breaches and cyber attacks can cause significant disruptions to business, both internally and externally. They can cause loss of revenue from dissatisfied customers, legal action from regulatory agencies, and reputational damage. It’s important to keep it in mind that a lot of these threats can be avoided with the proper security measures.

In order to ensure the safety of the information it stores, companies must adhere to specific laws and regulations. These laws and regulations could be specific to a specific location, such as GDPR in the EU or to specific industries, such as HIPAA in the US. However, they must be present no matter the size or extent of a company’s activities.

These regulations and rules often include things such as encryption of sensitive information that is transmitted via public networks, and ensuring the confidentiality of employees by checking references or conducting background checks on prospective employees and only collecting data that is necessary to business processes. They also often require the use of encryption on laptops or portable storage devices. They may even contain an obligation to not use software not approved by their company, as this increases the chance of malware and data breaches.

Additionally, companies must be aware of the entire lifecycle of data and how it is moved through the network. This can be accomplished by using the data map, which can show how data came to the company where it is now and who has access to it. It is also essential to only collect information that is essential for operational purposes and not keep it for any longer than it is required, since this decreases the risk of a data breach. Zero Trust architecture could be an effective strategy for businesses to combat security, since it enforces a principle that says you should never consider a device or user before they are verified.

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