Data is the lifeblood of every company, allowing them to run efficiently and profitably. But businesses have to keep in mind the necessity of having access to and plentiful data with the requirement to keep customer information private and secure. The latter is influenced by new and evolving privacy regulations, like Europe’s GDPR and California’s CCPA as well as long-standing laws like the Health Insurance Portability and Accountability Act (HIPAA), Securities and Exchange Commission regulations that protect financial information of shareholders and the Payment Card Industry Data Security Standard for consumer payment data.
The first step to ensuring data security is to organize and protect all your data. This includes identifying and classifying data according to its sensitivity level and determining access levels. It is vital to put in place policies to safeguard data whether it is in transit or in rest. Utilizing a solution to detect and monitor the activities of your files and detect anomalous patterns can help you identify suspicious activity and quickly detect weaknesses such as outdated or incorrectly configured software.
Then, a comprehensive backup and recovery strategy that incorporates physical storage media is crucial. Additionally, it is essential to implement effective security measures such as background checks on new hires, and regular training for employees already in the company to firing employees who do not need access to critical systems. It is also essential to develop a disaster recovery plan to ensure that your data is secured in the event of a natural or man-made disaster.