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How to Keep Data Secure

Data is one of your most valuable assets, providing insights for making strategic decisions and building stronger relationships with your customers and partners. It can also be a risk when you don’t take the necessary precautions to protect it.

Data breaches can cost companies millions of dollars. They can also affect brand image, diminish trust and even result in penalties from regulators. Data breaches are inevitable. However there are ways to minimize the threat and protect yourself against cybercriminals.

1. Authenticate and authorize users.

Data security requires a strong authentication and authorization process to ensure that only authorized people have access to your data. This can be accomplished by having two or more forms of identification to gain access to your information, such as something they are familiar with (passwords and security tokens) or have (electronic devices and other hardware) or something they are (biometrics, such as fingerprint and facial recognition).

2. Secure everything.

The most sensitive data you have is classified information. Any disclosure that is not authorized could have serious consequences for your company as well as the individuals affected. To ensure the security of classified information, it should always be protected and encrypted by encryption codes that are only accessible to authorized personnel. Your team should regularly review classifications and create a policy to manage encryption keys to keep them from being compromised.

3. Reduce non-essential data access.

Most employees don’t need access to all the information of your company. This reduces the chance for a breach by reducing the number of points of entry for potential threats. It is an excellent idea to restrict access only to the minimum information needed for a job and to also use the user ID to restrict access to information even if usernames and passwords are stolen.

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