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Data is among the most vital assets of any company. Unfortunately attacks on data and cyber-attacks are increasing day-by-day which makes a robust security strategy for data more crucial than ever before. A strong data protection policy secures information from unauthorised access. This could have devastating consequences, like costly recovery and forensics expenses lost productivity, penalties for compliance, reputational damage and a permanent loss of confidence of customers.

A solid data security policy includes best practices like encryption to safeguard sensitive data both in transit and http://www.mydigitalbusinessblog.com/data-room-for-performance at rest, user authentication and authorization, access management, as well as data resilience to ensure that content is available at any time. It is about detecting and monitoring threats to the integrity, confidentiality and availability of data.

Data security is also an important aspect of identifying and categorizing information based on its sensitiveness. This helps organizations focus their security efforts in a specific way. Low-sensitivity data, like can be shared with the public and high-sensitivity data is only accessible to a restricted group of users to avoid the devastating consequences in the event that it is compromised or destroyed.

Data security is a major concern for organizations of all sizes throughout the world particularly in light of the increasing complexity and number of cyberattacks and the 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 safeguarding customers from identity theft, strong data security is a vital aspect of meeting legal and compliance requirements for a particular sector or geographical region and is often required by local laws, state or national legislation.