As companies embrace remote access, bring-your-own-device (BYOD), the Internet of Things and other technologies, it becomes increasingly hard to keep data private. Data storage and management requires a robust infrastructure security controls, monitoring and policies that are well-considered. In addition, businesses may have to deal with various privacy regulations at various industries, government and regional levels. This can make achieving data privacy difficult and requires regular assessments of risk and updates.

Data privacy lets individuals control the way that their personal information is collected, stored and used. It aids companies in building trust, uphold ethical standards and encourage innovation while preserving individual autonomy. Data privacy is crucial to protecting personal information, building trust and ensuring compliance with regulations, laws and business continuity.

Data security protects sensitive data against unauthorized access, loss or theft throughout its lifecycle. Data security is a process and technique such as encryption, hashing and tokenization to protect data both in its resting state and when it is in motion. It also includes authentication and authorization processes that check a person’s identity to determine if they are able to access data. Multi-factor authentication, as an example it can ensure that only authorized personnel are able to access sensitive data. Additionally, encryption can stop threats from reading confidential files by making them illegible. This can lower the likelihood of a data breach, and prevent damage to confidential communications, intellectual property, or negatively impacting data informative post analytics. Companies often underestimate the the complexity of data security and don’t invest enough resources into it, despite its importance.