Data is among the most important assets of an organization. Cyberattacks and data breaches are increasing so a well-crafted security strategy for data even more vital than ever. A robust data protection plan safeguards data from unauthorised access. This could result in devastating effects, such as costly recovery and forensics costs lost productivity, reputational damage, compliance fines and permanent loss of the trust of customers.

A strong data policy will incorporate best practices, like encryption, to protect sensitive data during transport and in rest. It should also include authorization, authentication, user authentication and access management. It is about detecting and monitoring threats to the integrity, confidentiality and availability of data.

Identifying and classifying information according to its sensitivity is another key aspect of data security and it assists organizations in deciding their security measures accordingly. Low-sensitivity data, for example can be shared with the public but high-sensitivity information is restricted to a restricted group of users in order to avoid devastating consequences in the event it’s lost or compromised.

Data security is a significant concern for organizations of all sizes all over the world, especially given the growing amount and sophistication 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). A strong data security system is crucial for many reasons, including safeguarding customers from identity theft and ensuring compliance with the legal and compliance requirements for specific fields or in a particular geographic region.