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Data is one of your most valuable assets, offering insights for strategic decision-making and building stronger partnerships with customers and partners. However, it can be one of your biggest liabilities should you not make the right steps to ensure its security.

Companies could lose millions dollars as a result of data breaches. They can also damage the brand’s reputation, damage trust and lead to fines by regulators. Data breaches are inevitable. However, there are ways to lessen the danger and protect yourself from cybercriminals.

1. Users must be authenticated and authorized to use the.

Data security requires a secure authentication and authorization process to ensure that only authorized persons have access to your data. This can be accomplished by requiring two or more forms of identification to gain access to your data, such as something they know (passwords and security tokens), something they have (electronic devices and other hardware) or even something they’re (biometrics, such as fingerprint and face recognition).

2. Secure everything.

Classified data is the most sensitive information and its disclosure without authorization could have the most devastating consequences for your business and/or affected individuals. To help protect classified data, it should be encrypted always and protected by a decryption code which is only accessible to authorized personnel. Your team should be able to periodically review classifications and create a policy to manage encryption keys to protect them from being compromised.

3. Reduce non-essential data access.

Most employees don’t need complete access to the company’s information. This can reduce the risk for a security breach by making it less likely for a breach to occur by reducing the number of entry points that could be a source of danger. It is best that users only have access to the information they require to perform their job.

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