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Data is the most valuable resource you have, whether you’re a company or a consumer. It’s important to protect your data from cyber attacks or loss or theft. Security of data and privacy is crucial. However, it can be difficult to understand the difference between these concepts.
Data security is the collection of policies tools, methods, and policies that are used to shield personal information from an unauthorized access. This includes encryption, multi-factor authentication, and monitoring user information. It also includes the ability to transfer data between different environments and software applications. Privacy is the right of every individual to control their personal information and how it is used. This includes restricting the collection and storage of data and providing users with the option of eliminating their personal information, and ensuring compliance with applicable laws and regulations, like GDPR and CCPA.
Personal details such as date of birth address, name, medical history, or credit card numbers can be considered sensitive data. These data may be used to make fraud by criminals, or sold to marketers without consent. These actions are considered to be in violation of your right to privacy as guaranteed by the laws protecting data.
Data breaches can be costly for companies, both financially and in terms of reputational damage. Aside from the cost of paying fines and compensation, a data breach can cause long-term consequences on trust in customers. By integrating the protection of data and privacy within your organization, it is possible to ensure your data is safe and secure from costly cyberattacks.
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