How to turn data privacy into success
5 Ways to Improve Your Data Privacy Strategy
Amid growing concerns about cybercrime, consumers are demanding stronger privacy protections for their data. Organizations must be prepared to protect individuals’ personal and confidential data; however, developing a strong cybersecurity strategy poses a multitude of challenges for many companies.
In a recent Forbes article, the estimated amount of damages from cyber security breach will exceed $6 trillion with half of the attacks towards small businesses. Why would hackers target small businesses when they likely have less data then larger ones? Well, the reason is that small businesses often lack the resources and in-house expertise needed to implement a robust security plan. Regardless of where your company’s security strategy currently stands, it is important to regularly reassess how it stacks up against the constantly changing cyber security environment.
Below are 5 tips on how to improve data privacy:
Limit access to data
Permissions should be assigned on a “need-to-know” basis. By making permissions as restrictive as possible, you are reducing the number of people who could compromise data integrity through unauthorized changes or deletions. Don’t forget to remove permissions as part of the off boarding process when employees leave the company to keep your permissions directory up-to-date and your system secure.
Improve network security
Make sure your firewall and antivirus programs are comprehensive and up-to-date. If your company has a bring-your-own device policy, extend these protective measures to all of the devices in your ecosystem.
Backups are important so that you can recover data easily if an attack does occur. Regularly perform backups, and store them in a secure location. In the event of an attack, you should be prepared to further ramp up security. Reassess your security gaps, and develop a plan to head off future attacks.
Data life-cycle management
Identify how long you will store data and how you will securely destroy outdated and obsolete data. Don’t forget to inventory any data that is stored in paper files, as physical documents are still at risk for being compromised, lost, or stolen. If you are in the process of moving to a digital document management system, have a plan for how to deal with the original paper copies once they have been migrated to the digital system.
Mitigate human error
Data breaches are not limited to outside attacks; many are caused by simple human error. The loss of an unencrypted device or an accidental data leak could pose just as much of a threat to data privacy as a team of hackers. Prevent errors by educating employees about security protocols, as well as by implementing safeguards that make it impossible or at least difficult to make costly mistakes.
These tips should help you reassess your data privacy strategy and set you up for success. There are strong security tools such as VPNs, and antivirus that can be assured that you are in safe hands. It is, however, recommended to educate yourself regularly about cyber security and keep yourself up to date with the security requirements of the age and if you need additional assistance or you are looking to transform the way you manage your data, consider getting some help from an expert.