The most sensitive information must be protected at all times. Without proper governance, disruption to business and revenue loss could occur. In contrast, effective governance can increase revenues, customer satisfaction and efficiency of operations.
In order to develop the right security measures, you have to first understand your critical data. This requires an understanding of all your data and records, including the regulations that apply to them, and the consequences a breach could have on you.
It’s difficult to pinpoint essential data elements, however it’s worth the effort. It helps you coordinate tasks and goals with greater accuracy, which results in better quality products with increased revenue and fewer risks. It also allows you to reduce the number of tasks that must be executed which reduces the amount of time you spend on tasks.
Data that is essential to your business can be defined as data that should be lost or compromised could have a moderately to a significantly negative impact on the capacity to perform essential functions and services. It must be protected with security measures that are proportionate to the risk and are described in your policy.
If you’re trying determine whether your data is valuable, consider the three components that make up an access control system: who, what and what, who, and how. What refers to the asset itself, such as an energy plant, computer system or database. Who is the group of users requesting access. This could be humans or computers, and their level of risk. What is the degree of access required based on your security policies and guidelines like least privilege and separation of privilege.
A business must also take into consideration the amount of time it’s willing to spend in evaluating and governing crucial information. If your organization doesn’t keep records for a long enough period of time to be considered vital then you can save money and time by deleting them as fast as possible. However it’s important to do this in a controlled way to ensure that the records that are still needed are reclassified to a lower tier.
It is also essential to establish a process to keep your records updated and clear of clutter and information. This involves identifying and classifying the critical data. This includes deleting any data that is no longer needed or valuable and making sure that all remaining data is deleted promptly. This will help to ensure that your organization only stores data that is essential to its operation and prevents the storage of data which could pose a risk of exploitation.
As the cybersecurity landscape continues to change, it’s crucial for businesses to continually evaluate their most important data and security measures. By implementing a central and easy-to-use data management you could check here system companies can cut down on risk, increase efficiency and improve satisfaction of customers. Download this white paper to get more details on managing your data effectively.
