https://indexdataroom.blog/virtual-data-room-comparison-for-companies-security/
Data is the most valuable resource you have, whether you’re a company or a consumer. It is important to protect your data from cyberattacks and loss, theft or. Data security and privacy protection is essential. It isn’t always easy to distinguish between these two concepts.
Data security involves the policies, tools and methods used to protect personal information from any unauthorized access or disclosure. This includes encryption, multi-factor authentication, and monitoring of user information. This also includes the capability to transfer data between software applications and environments. Data privacy is the right of a person to control their information and how it is used. This includes limiting the collection and storage of data, giving individuals the option of deleting personal information, and adhering with relevant laws such as GDPR and CCPA.
Personal information such as birth date address, name medical history, credit card numbers may be classified as sensitive data. These data can be used to make fraud by criminals, or provided to marketers without your consent. These activities are considered to be an infringement of the right to privacy protected by laws governing data protection.
Data breaches can cost companies dearly, both in terms of reputational and financial damage. A data breach can be detrimental to trust among customers in addition to the cost of fines and compensation. By integrating the protection of data and privacy into your business, it is possible to ensure your data is safe and prevent costly cyberattacks.