Data is the lifeblood of any business, allowing companies to function efficiently and profitably. However, companies must keep in mind the necessity of having access to and plentiful data with the requirement to ensure that customer data is kept secure and private. The GDPR in Europe and California’s CCPA are a major factor in this as well as long-standing laws such as the Health Insurance Portability and Accountability Act and Securities and Exchange Commission rules that protect financial information of shareholders and the Payment Card Industry Data Security Standard.
The first step to ensuring the security of your data is to catalogue and safeguard all of your data. This involves identifying, classifying and determining access levels of your data in accordance with its sensitiveness. It is crucial to implement policies to safeguard data whether it’s in transit or in its rest. Utilizing a system that monitors and detects data activity and detect suspicious patterns can help you spot suspicious activities and swiftly identify and eliminate vulnerabilities, such as outdated software and configurations.
A comprehensive plan for backup and recovery that includes physical storage media is essential. It is also essential to implement effective security measures that include background checks on new hires, and regular training for existing employees to the decision to terminate employees who no longer need access to critical systems. It is also essential to develop a disaster recovery plan to ensure that your data is secure in the event of a natural or human-caused disaster.