As the world is becoming more interconnected, data security is a must for building trust with consumers. Companies who excel in this field have an edge over their competitors. Consumers are expecting that their businesses will safeguard and protect their personal data. This article will discuss 10 key guidelines that every business must learn and implement to safeguard customer data.
Personal information is the most basic form of customer data. It is any information that can be used to identify an individual. This includes names, addresses and phone numbers. There are even more sensitive data types that could cause serious harm if they fall into the wrong hands. For instance a Social Security Number or credit card number. SPI also contains racial and ethnic origin, sexual preference and other sensitive read this personal information.
SPI is a tool for identity theft. This poses a serious threat to the personal as well as financial security of customers. If a hacker obtains this kind of data, they can make use of it to obtain credit cards or loans that are in the name of the victim and can end up with a devastating impact.
To reduce the risk that data breaches could occur, companies should limit how much SPI they collect, and only use the data to serve legitimate purposes. They should also employ encryption on their servers as well as in transit to ensure that the data is unreadable to hackers. In addition, they should be equipped with password management tools as well as two-factor authentication to reduce the chance of data breaches that are triggered by compromised passwords.