Companies are becoming aware that, due to the increased focus on data breaches and cyberattacks, it is important to have the appropriate controls in place to safeguard their most important assets. These include security measures such as encryption, firewalls, and authentication, as well as guidelines that govern how information is stored, used and shared.
Data privacy covers these areas of control. This means ensuring that personal information is only gathered when it is needed, and that companies do not share or store the data with unauthorised third parties. It also implies giving users simple, easy-to-understand guidelines on how their data is being used and giving the option to opt out of such uses. It also requires compliance with a range of privacy regulations for data which include GDPR, CCPA, and HIPAA.
Wireless, remote access Bring Your Own Device smart devices and Internet of Things technologies make modern business environments more complicated. These require careful management of infrastructure and strong access controls and a thorough understanding of the regulations which are applicable at the local state, provincial or country level.
You risk an expensive breach that could negatively impact your reputation and lead to the loss of customers, and lead to lawsuits or fines. Moreover, you run the risk of losing important information that will help you develop innovative products and services to your clients. In essence, the importance of privacy and data security protection cannot be overstated.
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