Protecting PII will always be difficult because of the volume of data that must be protected and tracked, along with who can access it and use it. Some businesses may find that prioritizing data classification and cataloging will address these problems. Companies will need to prioritize proactive data access governance as data grows in both type and volume daily.
California was the first U.S. state to mandate and implement a set of data breach notification laws in 2003 in an effort to prevent the misuse of residents’ personal information. The more recent California Consumer Protection Act (CCPA) has two main advantages: it establishes a law that forbids anyone doing business in the state from covering up a data breach, and it enables consumers to sue businesses individually or collectively when their personal information is disclosed without their consent.
The topic of data security, privacy, and protection has been increasingly popular. As a result, organizations of all sizes and in all industries are now taking additional security measures to safeguard their consumer and employee data.
Outside of the United States, similar safety measures are also in place. With the wealth of data at their disposal, nations realize the need for data privacy laws to ensure the security of customers, employees, and businesses.
Modern Data Security
Organizations are benefiting from advancements in digital assets, data privacy, cybersecurity, and emerging technology. Given the volume of sensitive and confidential data that is kept and maintained, companies must stay informed about the discussions that have an impact on their businesses and markets. After all, coping with the financial or reputational impact of a deliberate or even unintentional data breach is a headache no company wants to experience. Simply put, data privacy is a crucial aspect of modern data security.
Analyzing the Elements of Modern Data Security
For many, assigning policies to safeguard the assets of a company and fortify the organization against potential attacks is the easiest way to think about data security.
Because incidents don’t always have a single root cause, it’s critical for companies to consider the categories of data they store, the combinations and permutations of who has access to what, and the implications of having sensitive data compromised and made public.
Establishing policy guidelines for internal use is crucial if businesses want to maximize the value of their data and reduce cyber risks. After policies are set, establishing regular oversight should be the next consideration. If the goal is to create human oversight teams, this component is challenging since doing so involves combining people, technology, and processes which is time-consuming, expensive, and not entirely reliable. It is not only difficult, but it also takes a lot of time and money to train individuals to manually address all of these problems.
As a result, businesses are looking to technology to provide scalable, long-term, and automated policies that will help them adhere to compliance and regulatory standards while governing access to data. When analysts or data scientists need access to data for a certain project or even regular business use, they can use these modern software processes for privacy rather than making them wait for IT.
Businesses can gain visibility into and control over data access with an emphasis on setting policies that determine who can see or access what data and how it is utilized without the risk of overexposure. At first, glance, relying on data privacy may seem difficult and time-consuming, but with clear regulations and automated enforcement, data can be managed and safeguarded with little to no additional work.