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Data Security in the Business

As businesses collect more information it becomes more important to safeguard sensitive or private data. Businesses are at risk virtual data security when their data isn’t secured, including financial losses, reputational damage and legal issues. A robust data protection plan can reduce these risks and help companies achieve a competitive edge.

The most successful companies place a high value on security and make protection of data a top action item. They also employ automated software that makes the best practices more accessible to implement and scale.

Subkeyword: Security Risks

The evaluation of security risks needs to be based on the highest value assets and the most dangerous risks that a business faces. This will enable it to identify vulnerabilities that could be exploited.

Educate and train employees to guard against human error that could cause data breaches like clicking on malicious email attachments or destroying a device containing confidential information. Limit the amount of information employees can access. Also make sure that your systems are logged to demonstrate the information they’ve been able to access. Divide responsibilities in order to prevent an employee from taking on too much. For instance don’t let one person take care of both expense reports and purchases.

Perform periodic security assessments and vulnerability audits. These should be performed by an independent third-party to provide objective information. The company should also consider using the use of a document destruction service which will safely shred old documents and equipment containing unneeded information. They can also use encryption to protect electronic information. This is especially important for businesses that operate internationally, as many countries adopt privacy laws with different requirements.

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