As companies embrace remote access, bring-your-own-device (BYOD), the Internet of Things and other technologies, it becomes increasingly hard to keep data private. Data storage and management requires a robust infrastructure and security controls, monitoring, and policies that are well-thought-out. Enterprises may also have to comply with a variety of privacy laws at various levels, including those that are set by industry, government, and region. This can make data privacy difficult and requires periodic risk assessment and updates.

Data privacy allows individuals to be in control of the way their personal data is gathered, stored and used. It helps businesses build trust, ensure ethical practices and drive forward while preserving the privacy of each individual. Data privacy is crucial for protecting personal data, building trust and adhering to laws, regulations and business continuity.

Data security is the process of safeguarding sensitive data from insecure access, theft or loss throughout its entire lifecycle. Data security involves techniques and processes such as encryption, hashing and tokenization to safeguard data both at rest and when it is in motion. It also includes authorization and authentication processes that check a person’s identity to determine whether they can access data. Multi-factor authentication for instance it can ensure that only authorized individuals are able to access sensitive data. Additionally, encryption can stop hackers from gaining access to sensitive files by rendering them illegible. This can decrease the likelihood of a breach of data and help protect confidential communications, intellectual property or negatively impacting data analytics. Companies often underestimate the the complexity of data security and do not put enough resources in it, despite its importance.