Data protection is the process of protecting data and critical information from being compromised or hacked. One benefit of data protection is it protects precious information, a crucial asset for your business.
Data protection can be challenging for many organizations, but it allows businesses to reap benefits like increased ROI, improved customer loyalty, and a more efficient operation.
The purpose of data protection is to strike a balance between the rights of individuals to privacy, but also allow data use for business purposes. It also involves data and technology collection and distribution, the publics perceptions and expectations about privacy, and political and legal aspects of this data. Data privacy is concerned with individuals rights, purposes for data collection and processing, preferences for privacy, and how organizations manage personal data about data subjects.
Data Privacy, or information privacy, is as much about proper data management as it is about public expectations for privacy, with individuals being a central figure.
Privacy Protection involves providing robust security to personal data, and all related activities related to data collection, storage, management, access, transfer, sharing, and disposal. Part of ensuring data privacy is understanding what data you have, how it is being processed, and where it is being stored.
Data management and storage in your business will be best handled by knowing a bit about the laws and requirements placed on your company. From the business point of view, protecting personal data and placing emphasis on data privacy could result in several positive impacts for an organization.
Privacy-by-default also provides the framework to stop organizations from taking shortcuts in security in order to get an unfair edge over competitors. Data privacy keeps criminals from being able to use data maliciously and helps to ensure organizations comply with regulatory requirements.
Building on existing principles, it has been a major reference point for the worlds data protection and privacy efforts. Data privacy has been seen as an obligation, bringing with it considerable costs and few tangible benefits. While you might at times view compliance with data privacy laws as a barrier or hassle to your business, it has benefits.
To adequately secure data and to meet data privacy laws, you will need both data privacy, data security and data backup. Data Security Personal information must be stored and processed securely, and protected from unauthorized or illegal handling, loss, theft, destruction, or harm.
The handling of personal data consistent with the principles above should be overseen by appropriate, independent supervisory authorities, as well as the data subjects themselves. Users should have some rights in respect of data about them, including being able to retrieve and correct incorrect data about them, and having mechanisms for seeking recourse for asserting those rights.
In Australia, the Data Protection Act 2018 contains, as one of its privacy principles, a rule that personal information about an individual collected for one purpose must not be used or disclosed for a different purpose without that individual’s consent. While data privacy may seem similar, once one starts dissecting it, the differences are stark.
