The Importance of Data Protection

Data protection is the process, practices, and technologies which ensure that data is available to users at the time they need it, regardless if it has been corrupted or deleted. This includes everything from data backups to solid-state drives and cloud storage, and other forms of high availability. It also includes security measures to protect information from access by unauthorized users.

Data protection refers to laws and regulations that govern the collection, use and storage of personal information. GDPR is a good example that imposes fines on non-compliance, and establishes minimum standards that member https://datachatroom.com/data-room-software-transforming-security-standards-for-modern-businesses/ states must meet. GDPR compliance requires a detailed explanation of how and why specific kinds of data are gathered including the names of those who collected the data as well as the purpose of each process. The GDPR also requires that data is precise and not stored for longer than necessary. All personally identifiable information is to be stored in a secure manner.

The amount of data businesses handle is increasing and it is becoming increasingly important to protect it. Mishandled data may result in fines, reputational damage, as well as other financial costs. Furthermore, 79% of customers say they trust companies more when they put a premium on data protection, and more than 80% would stop doing business with a company that has suffered a data breach.

While it is possible to secure information without using technology, the best way to protect data is to encrypt any sensitive information prior to sharing. To ensure that data is not lost or has unauthorized access, all storage devices and devices should be properly labeled and secured. When it comes time to discard information, ensure that it is completely erased from all systems and backups.