Data is being created and used at an unprecedented rate by businesses and organizations. With the rise of big data comes new challenges and issues in the areas of information and data security. Enterprises formerly prioritized perimeter security above endpoint security, data-centric security, and data loss prevention. Now, with the development of mobility and ever-expanding security perimeters, businesses must find data protection solutions that safeguard data from both internal and external threats, with an emphasis on sensitive data traveling within and outside company networks.
Data security has always been a priority. It's why individuals secure their file cabinets with locks and hire safe deposit boxes at their institutions. Data privacy is becoming increasingly important as more of our data is digital and we share more information online.
A single firm may have the personal information of millions of clients information that must be kept hidden in order for consumers' identities to remain safe and secure, and the company's reputation to remain unblemished.
When it comes to data privacy, you, as an individual, have a lot on the line. The more you understand it, the more equipped you'll be to protect yourself from a wide range of threats.
What is the definition of data privacy?
Data privacy refers to how a piece of information—or data—should be managed in relation to its importance. For example, you probably wouldn't mind revealing your name with a stranger in the course of introducing yourself, but you wouldn't share any further information with that person until you've gotten to know them better. When you open a new bank account, though, you'll almost certainly be requested to disclose a great deal of personal information, much beyond your name.
We commonly apply the notion of data privacy to crucial personal information, also known as personally identifiable information (PII), and personal health information in the digital era (PHI). Social Security numbers, health and medical records, financial information, such as bank account and credit card numbers, and even basic but sensitive information, such as complete names, residences, and birthdates, are examples.
What is the significance of data privacy?
Bad things may happen when material that should be kept private falls into the wrong hands. A data breach at a government agency, for example, may provide a hostile state access to top secret material. A data breach at a company might put confidential information in the hands of a rival. A school security breach might put kids' personal information in the hands of criminals who could use it to conduct identity theft. PHI can get into the wrong hands if a hospital or doctor's office suffers a data breach.
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