Your company is responsible to protect the personal information of your customers and clients, regardless of your industry. If hackers gain access to your data, they may cause financial fraud, identity theft, and a loss in confidence. It creativetrance.com/data-sharing-insights-for-success-in-buy-side-vs-sell-side-ma/ is possible to prevent data breaches before they happen.
To ensure that your personal information is secure, you need to ensure that physical records such as disks and paper files aren’t accessible to unauthorised individuals. It’s important to clearly label every storage device and ensure that the policies of a company are adhered to when it comes to handling sensitive documents.
Personal information stored online is more difficult to safeguard because it can be stored on servers, computers and other devices that have the ability to connect with other devices online. The best methods for protecting digital personal information vary by platform, so it’s essential to check the security practices of your company prior to keeping any sensitive information. Additionally, regulations such as GDPR, CCPA and HIPAA have made it easier for people to find out what data an organization holds on them and request that it be destroyed.
Encrypting data, both when it’s being stored and when it’s sent over a network, is one of the most effective methods to ensure the security of information. It’s also a good idea to review regularly the amount of data you have and only keep what is essential. This can help you to avoid massive data incidents that could have a devastating impact on your business or those who trust you.