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Types of Data Safety Policies

Data is among the most valuable assets of an organisation. Unfortunately, cyberattacks and data breaches are growing day by day and this makes a strong security strategy for data more crucial than ever. A strong data security policy protects data from any unauthorized access, which can have devastating consequences like expensive recovery and forensic costs, lost productivity, compliance fines, reputational damage and permanent loss of trust by customers.

A solid data policy will incorporate the best practices, including encryption to safeguard sensitive data during transport as well as at rest. It should also include authorization, authentication, user authentication and access management. It is about detecting and monitoring threats to the confidentiality, integrity and availability of data.

Classifying and identifying information according to its sensitivity is another crucial aspect of data security, and it allows organizations to prioritize their security measures accordingly. For instance, data that is low-sensitivity is able to be shared with the public, whereas high-sensitivity information should be restricted only to certain users to prevent any devastating implications if it’s compromised or destroyed.

Data security is a significant concern for all organizations of different sizes around the world particularly in light of the increasing variety and sophistication of cyberattacks and regulatory requirements like the EU’s General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA) and Payment Card Industry Data Security Standard (PCI DSS). In addition to securing customers from identity theft, a strong data security is a vital component of meeting legal compliance requirements within a specific geographic area or field and is usually mandated by local laws, whether state or national.

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