Data Privacy: How well are you aware?
With many technological advances, we live in a digital age where data is readily available in many ways. Digital technology has made the world less physical. The things that people need are no longer dependent on physical items, but can be achieved through digital technology. The personal data flow is steadily increasing online as more Social, Economic and Governmental pursuits are conducted online. This raises questions about its storage and usage. Data has become a golden goose for cyber criminals. Data Protection legislation is unable to address the potential risks and address the concerns without restraining, eliminating, or reducing potential interests such as Cloud services, Internet of Things and Big Data and increased connectivity through 5G networks. It is important that both the government and the enterprise are able to defend online data with confidence and trust.
Data privacy, also known as information privacy, is a section of the data security plan that addresses the proper management and compliance with data regulations, consent, notice, or notice. Data Privacy is the handling of personal data with respect to Confidentiality, Anonymity, and that applies to all data.
Data Privacy: The Importance
Hackers have access to personal information stored by your Organization. Data breaches expose millions to billions of records that criminals use for Identity Theft or Fraud. It is not an internal problem if a security breach causes Privacy problems. Failure to protect data privacy can lead to many problems, including:
A simple leak of personal data can cause serious problems for your organization’s financial health and reputation as an investor, customer, and public figure.
Data is an important resource that every organization has. Organizations have huge incentives to collect, share, and use data due to the rise of the data economy. For clients and other partners who are concerned about security, it is crucial that organizations are transparent in how they request assent, comply with their compliances, deal with the data they have gathered.
Privacy is the right of a person to be free from exclusionary supervision. Data Privacy can be described as a Distinct Human Rights. To live in a democratic society, it is essential to be able to freely and securely inhabit one’s own space.
Personal data leaks can cause serious damage to a company’s reputation, and even lead to penalties. It is therefore very important to adhere to personal data protection regulations.
There is a difference between data privacy and data security
People expect privacy. Contrary to popular belief Data Privacy is not the exact same as Data Security. However, they are linked together.
Data Security is a subset within Data Privacy. If Data Privacy is the umbrella then Data Security can be described as one part of that umbrella canopy.
Data security is the fortress that safeguards data, while Data Privacy is legislation that protects data at various levels.
Data security refers to protecting data from unauthorised access using encryption, tokenization cloud, firewalls, passwords and firewalls. Data Privacy addresses the entirety of the data you collect, while Data Security includes the data security aspect. It will help you understand what data you are collecting, how you are using it, who you are sharing it with, where it is being stored, how long it will be kept, and what your retention program is.
Data Security protects data from outside attackers and destructive insiders. Data Privacy directs how data are gathered, distributed and used.
The Data Privacy Acts and the Laws
Personal data security is not just about protecting an individual’s privacy.