What Is Data Security And Privacy And Its Importance?

When you hear the terms Data Security and Privacy, do you immediately connect them in your mind? Do these terms relate to one another, and can data privacy and data security be used interchangeably?

Well, you wouldn’t make a mistake if you associated privacy with security. However, data privacy does not have the same meaning as data security.

The two concepts here have a lot in common, but they are different. Take a look below to find out what they are, how they differ, and what you should do to remain compliant with regulations. To know about the reasons to outsource your IT solutions, click here.

What Is Data Security?

Experts agree that data security refers to the practice of protecting digital information from unauthorized access, corruption, or theft. This process is done throughout its whole lifecycle.

data security
Data security

The practice applies to every aspect of information security, from the physical security of hardware and storage devices to administrative and access controls and the logical security of software applications. Additionally, the concept also covers organizational policies and procedures.

Your personal data is protected by data security policies and practices from unauthorized third-party access or malicious attacks and exploitation of data. The integrity of data is always prioritized, as the data has to be accurate, reliable, and available to authorized parties.

Most data security methods and processes include:

  • Access control
  • Breach response
  • Encryption
  • Multi-factor authentication
  • Activity monitoring
  • Network security

What Is Data Privacy?

Data privacy definition can be described as a part of data security that focuses on the way the data is handled from inception to long-run storage and implementation.

data privacy
Data privacy

It is different from data security in the sense that it relates less to protecting data from becoming compromised. Instead, it refers to the governance of data.

This aspect of data security in Data Security and Privacy is what dictates how data is managed and ensures that the data is handled well when it comes to the collection, usage, and storage. If applicable, data privacy also stipulates how data can be shared.

There are three main points when it comes to data privacy:

Consent 

Consent is how data is shared with third parties or other entities that are on the outside of a data privacy agreement between a company and a client.

Notice

Notice relates to the legal collection and storage of data.

Regulatory Restrictions

These happen at the national level as well as within individual states. 

Respecting data privacy compliance guidelines not only helps a business protect itself from fines and criminal charges but also helps protect customers and their right to privacy. Having a good approach to data privacy is imperative if you want to ensure the success and longevity of your business nowadays.

Why Is Data Privacy Important For Your Business?

One of the key reasons why businesses need to comply with data privacy regulations is to avoid penalties. Organizations that fail to implement these regulations should pay a fine up to tens of millions of dollars and even receive a 20-year penalty.

Of course, this is not the only reason why you should take data privacy seriously. The main reason should be to protect the privacy of your clients.

Also See: Privacy Focused Cryptocurrencies popular right now

What Are The Main Similarities And Differences Between Data Security And Data Privacy?

Now that we have determined that Data Security and Privacy are not the same terms, let’s underline that:

data security and privacy
Data Security and Privacy

Think about it like this:

You see a window on a building. Without it being in place, an intruder could sneak in and violate both the information privacy and security (Data Security and Privacy) of the people inside.

However, once you mount the window properly, it will perform a pretty decent job in keeping unnecessary parties from getting into the building.

It will, however, not prevent them from peeking in and interfering with the occupants’ privacy. At least not without a curtain in place.

This is a very simple example but look at the window as a security control. On the other hand, the curtain would be its privacy control measure.

Finally, keep in mind that data security can exist without data privacy since it is a prerequisite for data privacy. Additionally, information security is the main prerequisite to data privacy.

How To Ensure That Your Company Complies With Regulations?

Setting up a systematic compliance effort needs to be your business’s top priority. If you have not already done that, it’s high time you did so.

Take a look at some ways to ensure that your organization complies with regulations.

Creating A Compliance Strategy

To accomplish good results, you need a good compliance strategy. The strategy should have data privacy compliance at its core while also being comprehensive, measurable, and integrated well.

It is possible to develop it with a high-level set of principles that follows the appropriate documentation. Also, make sure to lay down all necessary measures to protect personal data.

Create An Inventory Of All Sensitive Personal Information

Properly tag and store personal data whenever you collect it.

The company also needs to provide a tracking method for all data that will make it easier to locate and protect. Remember that these processes need to be in accordance with recommended and legal standards.

Establish Policies And Procedures for Data Protection

As an organization, it is your duty to ensure integrity, confidentiality, and data availability with physical, technical, and administrative safeguards. Also, constantly monitor, assess, and update information security to make sure new threats can be met and dealt with properly.

Create A Response Plan For Potential Breaches

No system is completely safe from data breaches and cybercrime, regardless of how well-protected it is. As a business, you need to have an effective response plan for data breaches, and your employees also need to be trained on these breach response plans.

Conclusion

More and more people all over the globe are growing concerned about data privacy. Unfortunately, they have good reasons to worry as data breaches, security threats, and cybercrime can result in negative and even devastating consequences.

So, it is very important to comply with data privacy regulations and using Jumio can help you solce that. But to ensure compliance and a high level of protection, you need to work on security measures too. Data Security and Privacy are not similar things, but they need one another.

Previous articleBest SWOT Analysis Generator Tools To Use In 2021
Next articleEmail Marketing Automation | What It Is And Its Importance
Aloukik Rathore is a Delhi-based entrepreneur, gadget lover, and absolute geek. He loves spending time learning about new innovations and runs a digital marketing company, Cannibals.

LEAVE A REPLY

Please enter your comment!
Please enter your name here