act Management Consulting GmbH

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24. Juli 2024

Data Security and Privacy Protection – What is the Difference?

No matter if you’re a consumer or an owner of a business, data is your most valuable asset. It is crucial to safeguard your data from cyberattacks, theft or loss. Data security and privacy protection is vital. It isn’t easy to differentiate between these two concepts.

Data security is the policy, tools and methods that are employed to safeguard personal information from the risk of disclosure or access by an unauthorized person. This includes encryption, multi-factor authentication and monitoring user data. It also has the capability to transfer data between various environments and software applications. Data privacy, on other hand, deals with the right of an individual to control how their personal information is used and shared. This includes limiting data collection and storage and providing users with the option to delete their personal information and adhering to applicable laws and regulations, like GDPR and CCPA.

Personal data such as date of birth, address, name medical my blog history, credit card numbers can be considered sensitive information. These information can be used to be used to commit fraud by criminals or sold to marketers without consent. This is as a violation of your rights to privacy, which is guaranteed by the laws protecting data.

Data breaches can be costly for companies both financially and terms of reputational damage. A data breach can affect long-term the trust of customers and can also result in the costs of penalties and compensation. By integrating privacy and protection of data into your organization, it is possible to ensure your data is protected and prevent costly cyberattacks.