Data Security Copy - Provision Software
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As technology evolves and usage of Internet-connected smart devices increases, many new privacy regulations are being issued to protect us: GDPR, CCPA, HIPAA, PII, PHI, PCI DSS etc.

 

However, sensitive data isn’t just about personal data. It is also includes company intellectual property, financial information, marketing plans, new product launch details, customer data and so on.

 

Yet, there is no doubt that regulation and compliance are driving the need to discover, manage and secure sensitive data.

What is Data Security technology?

Whenever you store or deliver data sets to business teams, you have to: identify all sensitive data first; make sure they are appropriately protected for privacy and confidentiality requirements and then confirm the data get there and remain protected.

 

The technical tools for implementing discovery, monitoring and control of personal and sensitive data access, help you address compliance articles such as “right to be forgotten”, “records of processing”, “data cancellation”, “consent controls”, “data minimization” and pseudonymization across enterprise applications.

 

Artificial Intelligence data discovery and protection software is easy to use across a wide range of data types and repositories, provideing accurate, automated visibility and control over personal and sensitive data and improving the efficiency and effectiveness of their governance, compliance and data-driven innovation efforts.

 

Understanding WHERE data is STORED, WHO is ACCESSING it, HOW data is being accessed, was CONSENT given, does the USER has the LEGAL BASIS to see the data and APPLY appropriate DATA ACCESS CONTROLS and REMEDIATION are some of the critical areas that any organization must address them across in its environment.

Challenges

The Growth of Data is Exponential

Data is growing faster than ever. Organisations must classify data by risk and ensure that the data (both sensitive and personally identifiable information) is protected with appropriate security technologies and strategies.

Lack of visibility on what data is being created, where it resides, and who has access to it.

Organisations need to create a map of the environment where in which their data lives, what users can do what, where data is created, what it contains and is used for, how it moves from user to user, etc.

Compliance with government standards

Organisations must comply with laws like GDPR, HIPAA, PCI, and CCPA.

Cost of Maintaining Data Privacy

A data breach can cost organizations millions of dollars in lost revenue and will also have reputational consequences and enormous legal repercussions- if an organization is breached, they face intense regulatory penalties from different entities.

The Number of Open Vulnerabilities

The rapid increase in vulnerabilities has led to a record-breaking number of data breaches. For the security teams, it can be challenging to manage literally thousands of patches released each year, so having an established patch management process in place it becomes critical.

Human Error

Common everyday human errors can significantly affect organisations data privacy and protection, being considered maybe the biggest challenge in data privacy and security.

How can Data Security technologies help?

Advantages

Provides Security for Data at All Times In This Digital Age

Protection tools as masking or encryption protect sensitive data, including personal information for individuals and enable businesses to receive benefits such as a boost in return on investment, increase investors confidence, improved customer loyalty, and more efficient operations.

Part of Compliance

Many industries have strict compliance requirements to help protect sensitive and personal information stored. HIPAA, FIPS, GDPR and other regulations rely on security methods such as encryption, masking to protect data and achieve comprehensive security.

Avoiding Fines

The technology helps you make sure your company is compliant with all the legal requirements and allows you to avoid unnecessary fines and legal headaches.

Reduced data maintenance costs

For example, by following the GDPR’s mandate to keep your data inventory up-to-date, you can significantly reduce the cost of storing data by consolidating information that is present in silos or stored in inconsistent formats.

Better decision-making

Using data security technologies, your organisation’s data will become more consolidated, ensuring that your data is easier to use and you have a greater understanding of its value. By using customer information effectively, your organisation will be able to make better decisions and get a better return on its investments.

Request more information about Data Security solutions

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