Data security is the protection of data from unauthorized access, which could lead to identity fraud or credit card charges that are fraudulent or privacy infringement. This is accomplished by encrypting data using access control, and setting up multi-factor authentication (MFA) to ensure that only authorized personnel have access to sensitive information like passwords or personal identification numbers (PINs).
Privacy protection on the other hand, is about the right of individuals to control the personal information that is gathered, used, transferred, and shared. This includes the ability for users to request deletion, modify their information, as well as control the method of use. It also requires compliance with the regulations like GDPR and CCPA.
Despite the difference between security and privacy both are essential to the operations of an organization. Customers’ trust is at risk when businesses breach sensitive data and leak confidential information to unauthorized individuals. A strong data privacy practice and framework can limit the number of breaches, and allow companies to avoid costly penalties, fines, and lawsuits.
The first step in ensuring both data privacy and security is to determine and categorize all sensitive information an organization holds that is personally identifiable (PII) and non-PII. Conducting formal risk assessments and regular security audits can aid in this process. Using a data discovery tool is also a great method of finding out the information available and how employees can access it. Data security and privacy can be streamlined through a policy framework that considers every aspect of how an organization collects and stores, utilizes, and shares data.
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