Data is crucial to any business. It helps it run efficiently and profitably. However, companies must balance the need for available and plentiful information with the need to ensure that customer data is kept safe and secure. This is a challenge posed by the new and constantly evolving privacy laws like the GDPR in Europe, and California’s CCPA as well as long-standing laws like the Health Insurance Portability and Accountability Act (HIPAA), Securities and Exchange Commission rules that protect the financial information of shareholders as well as the Payment Card Industry Data Security Standard for payment information of consumers.
To ensure the security of your data first, you need to catalog all your data and safeguard it. This involves identifying and classifying data according to its sensitivity level and determining access levels. It is important to implement policies to safeguard data whether it’s in transit or in rest. Using a solution to detect and monitor activity in your files and spot anomalous patterns can help you identify suspicious activity and quickly detect and eliminate vulnerabilities such as outdated or misconfigured software.
A comprehensive backup and recovery plan that includes physical storage media is vital. Lastly, it’s important to implement effective security measures including background checks for prospective employees and regular training for employees already in the company to ending employees who don’t require access to critical systems. Additionally, it’s important to create a disaster recovery plan to ensure that your data is secure in the event of a natural or human-caused disaster.