Data is among the most valuable assets of an organization. Cyberattacks and data breaches are on the rise so a well-crafted security plan for data vital than ever. A strong data protection policy protects your data from unauthorized access. This could result in devastating consequences, like costly recovery and forensics expenses loss of productivity, compliance fines, reputational damages and a permanent loss in confidence of customers.

A solid data policy should include best practices, such as encryption, to protect sensitive data when it is in transit and in rest. It will also include authorization, authentication, user authentication and access management. It also involves monitoring and detecting potential threats to the security, integrity, and accessibility of information.

Data security is an important aspect of identifying and classifying information based on its sensitivity. This helps organizations prioritize their security efforts according to. For instance, data that is low-sensitivity can be shared with the public, while high-sensitivity information must be made available only to certain users to prevent any devastating consequences should it be damaged or destroyed.

Data security is a major issue for companies of all sizes around the world particularly in light of the increasing variety and sophistication of cyberattacks and the regulatory requirements like the EU’s General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA) and the Payment Card Industry Data Security Standard (PCI DSS). A strong data security system is crucial for a variety of reasons, including safeguarding customers against identity theft and meeting legal and compliance requirements in a specific field or geographic area.