Data is among the most valuable assets of an organisation. Data breaches and cyberattacks continue to increase which makes a sound security plan for data vital than ever. A robust data security plan safeguards information against the risk of unauthorized access. This could cause devastating damage, including costly recovery and forensic costs, lost productivity, penalties for compliance, reputational damage, and permanent loss of customer trust.

A strong data security strategy includes best practices such as encryption to secure sensitive data in transit and at rest, user authentication authorization, authorization, and access management, and resilience to ensure that information is available at any time. It also includes monitoring and detecting threats to the security, integrity, and availability of data.

Data security is also important in identifying and categorizing information based on its sensitivity. This allows organizations to make their security efforts more effective. For example, low-sensitivity data can be shared with public, while high-sensitivity information should only be accessible to a select group of users to avoid catastrophic consequences should it be damaged or destroyed.

Data security is a concern for all businesses, no matter their size. This is especially because of the increasing level of sophistication and the number of cyberattacks and regulatory requirements like the EU’s General Protection Regulations (GDPR) as well as the California Consumer Privacy Acts (CCPA) and Payment Card Industry Data Security Standard. Strong data security is important for many reasons, such as safeguarding customers from identity theft and meeting legal and compliance requirements in specific areas or geographical area.

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