As the world of digital technology is becoming more interconnected, data security is vital to building trust with consumers. Companies who excel in this field have an advantage over their competitors. Consumers are expecting that their companies will protect and safeguard their personal information. This article will discuss 10 key principles that every business should understand and implement in order to safeguard customer data.
The most basic form of customer data is personal information, which relates to any piece of information that can directly identify the individual. This includes names and telephone numbers. There are more sensitive data types that can have serious consequences when they fall into wrong hands. For example a Social Security Number or credit card number. Sensitive personal data (SPI) also includes ethnic or racial origins as well as sexual orientation and many more.
SPI can be used for identity theft. This poses a grave risk to the personal and financial security of customers. When a hacker acquires such information they may use it to apply for credit cards or loans in the victim’s name and can end up with devastating https://dataroommanage.blog/revolutionizing-business-security-how-modern-data-room-providers-are-setting-new-standards/ effects.
To decrease the chance that data breaches will occur, companies should limit how much SPI they collect, and only use it for legitimate reasons. They should also employ encryption on their servers as well as during transport to ensure that the data can’t be accessible to hackers. They should also utilize two-factor authentication and password management tools to lower the chance of data breaches due to compromised passwords.
