The primary difference is that data privacy mainly focuses on keeping data confidential, while data security mainly focuses on protecting from malicious activity. The same mechanisms used to ensure data privacy are also part of an organization’s data security strategy. Data protection methods ensure encryption, which prevents anyone from viewing data if they do not have a private encryption key, and data loss prevention mechanisms which prevent users from transferring sensitive data outside the organization.ĭata security has many overlaps with data privacy. Data protection-ensuring that even if unauthorized parties manage to access the data, they cannot view it or cause damage to it.Access control-ensuring that anyone who tries to access the data is authenticated to confirm their identity, and authorized to access only the data they are allowed to access.There are two main aspects to enforcing data privacy: It is also critical to evaluate the cost of current security measures, their contribution to data security, and the expected return on investment from additional investments.ĭata privacy is the distinction between data in a computer system that can be shared with third parties (non-private data), and data that cannot be shared with third parties (private data). IT and information security teams must actively and creatively consider their data protection challenges and cooperate to improve their security posture. There is no simple solution to data security-just adding another security solution won’t solve the problem. These are threats that are difficult to defend against and can cause catastrophic damage to an organization’s data. In the past decade, social engineering, ransomware and advanced persistent threats (APTs) are on the rise. Consumers have much more extensive rights, especially in the EU, California, and Australia, with the introduction of GDPR, CCPA, APP, and CSP234.Ĭompanies operating in regulated industries are affected by additional standards, such as HIPAA for healthcare organizations in the USA, and PCI/DSS for organizations processing credit card data. Lawsuits, settlements, and fines related to data breaches are also on the rise, with many governments introducing more stringent regulations around data privacy. 25,575 user accounts were impacted in the average data incident, which means that beyond financial losses, most incidents lead to loss of customer trust and damage to reputation.Īverage cost of data breaches is the highest in the USA. The Ponemon Institute’s Cost of Data Breach Study found that on average, the damage caused by a data breach in the USA was $8 million. Whitepaper: Meeting Data Security Challenges in the Age of Digital Transformation. For example, organizations that process payment card information must use and store payment card data securely, and healthcare organizations in the USA must secure private health information (PHI) in line with the HIPAA standard.īut even if your organization is not subject to a regulation or compliance standard, the survival of a modern business depends on data security, which can impact both the organization’s key assets and private data belonging to its customers.

Some industries require a high level of data security to comply with data protection regulations. Data security also ensures data is available to anyone in the organization who has access to it. This includes protecting your data from attacks that can encrypt or destroy data, such as ransomware, as well as attacks that can modify or corrupt your data. Data security is the process of protecting corporate data and preventing data loss through unauthorized access.

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