Introduction
A sound data protection strategy helps you achieve your goals. In this article, we’ll look at the importance of data protection and why you should develop one. I’ll also provide an overview of common approaches to protecting your data as well as some examples of how organizations have implemented them successfully.
Protect your data
Protect your data from ransomware
Data protection is an important part of any business, but it’s especially critical for organizations that handle sensitive information. Ransomware can cause significant damage to your organization if it encrypts your data and holds it hostage until you pay up. While there are many ways to protect yourself against this threat, the best defense is prevention: keep backups of all of your critical documents in case something goes wrong with one file or even multiple files at once.
Protect your data from malicious software
Malicious software (malware) has been around since the beginning of computing–and it’s still here today! Malware includes viruses like WannaCry that infect computers and networks; spyware such as keyloggers used by hackers; adware that tracks users’ browsing habits so they can be targeted with ads relevant to them; etcetera…
Meet regulatory compliance requirements
Regulations can vary by industry and region. You should be familiar with the regulations that apply to your business and how they affect data protection. Some examples of regulations that could affect your business include:
- The Health Insurance Portability and Accountability Act (HIPAA) requires organizations in the healthcare sector to protect patient information and maintain confidentiality. If you’re a healthcare provider or payer, you must comply with these regulations or risk fines up to $1 million for violations.
- The Payment Card Industry Data Security Standard (PCI DSS) applies specifically to businesses that handle credit card information, such as retailers or restaurants; however, it also has implications for other types of companies if they store sensitive financial data on their networks (for example, accounting firms). Failure to follow PCI DSS requirements may result in fines up to $500k per incident plus corrective action requirements from regulators like state attorneys general–and this doesn’t include potential class action lawsuits brought against those who fail miserably at protecting customer information!
Protect your customers and employees
In the modern age, customer data is a valuable asset. It’s a critical component to your business and can be the lifeblood of your company. Protecting your customers’ personal information is therefore a top priority for any organization that handles it–and this goes double when it comes to protecting employee data as well!
A sound data protection strategy will help you achieve your goals by ensuring that all aspects of your business are safeguarded against threats like malware attacks and unauthorized access attempts. A strong focus on security will also help ensure that only authorized individuals have access (or can see) sensitive information such as customer records or employee payroll files.
Maintain a competitive advantage
Data is the lifeblood of your business. It’s what keeps you competitive and relevant, but it can also be a liability if you don’t protect it properly. If you don’t have a sound data protection strategy in place, there are several ways that your competitors could gain an advantage over you:
- They may be able to access more information about their market than you do because they’re better able to gather and analyze data from multiple sources (such as public records).
- They may be able to offer products or services that are tailored more precisely toward consumers’ needs by using customer analytics tools–tools which would not be available if their own systems had been hacked by cybercriminals looking for sensitive information on customers’ habits and preferences.* They could also use this information against other companies by targeting them specifically with ads based on what kind of content was viewed by those who visited their website recently.*
A sound data protection strategy helps you achieve your goals
Data protection is a critical part of any business, and it’s a complex issue. It’s not enough to just have technology in place that protects your data; you need to make sure that this technology is integrated into the business, and that it’s part of the culture. A sound data protection strategy helps you achieve your goals by ensuring that all aspects of your business are working together effectively.
A good example of this is Microsoft Office 365 – there are three components: Office 365 services (like Word or Excel), security features designed by Microsoft engineers (Azure Rights Management), and third-party apps or integrations (Google Drive).
Conclusion
A sound data protection strategy helps you achieve your goals. It can help you protect your customers and employees by ensuring that their personal information is secure, as well as meet regulatory compliance requirements. A data protection strategy can also help you maintain a competitive advantage over other companies by providing them with peace of mind that their sensitive information will not be compromised or lost due to an unexpected event such as natural disaster or cyber attack.
