Data is the lifeblood of every business, allowing companies to function efficiently and profitably. Businesses must strike a balance between the need to have lots of data with the obligation to safeguard and secure customer data. The latter is influenced by the new and constantly evolving privacy regulations, like Europe’s GDPR and California’s CCPA as well as long-standing laws such as the Health Insurance Portability and Accountability Act (HIPAA), Securities and Exchange Commission rules that protect financial information of shareholders and the Payment Card Industry Data Security Standard for the protection of consumer data.
To ensure data protection, the first step is to organize all your data and secure it. This involves identifying and categorizing data according to its sensitivity level, and determining access levels. It is important to implement policies to safeguard data whether it is in transit or at rest. Using a tool which can monitor and detect file activity and identify anomalous patterns can help you spot suspicious activity and quickly identify and address vulnerabilities, including out-of-date software and misconfigurations.
A comprehensive backup and recovery strategy that incorporates physical storage media is crucial. Last but not least it is vital to enforce meaningful measures of security, from background checks for potential hires to regular training for existing employees, and even terminating employees who no longer need access to critical systems. It’s also important to establish an emergency plan for recovery in case of a natural disaster or a man-made one.
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