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If the thought of having to track down all the various data sources within your organization, classify and quantify them and then tightly regulate access gives you hives, you are not alone. Millions of business and technology professionals are wrestling with this issue in 2020, attempting to find a simple solution to the increasingly complex problem of data storage, usage and access. With hackers becoming more prolific in their attempts to gain control of systems and nearly 6% of Americans becoming a victim of privacy fraud each year, privacy policies are top of mind for companies of all sizes.
Here are some of the key reasons that organizations are turning to their technology teams and external IT partners to define a comprehensive data policy that will cover a wide range of use cases.
Did you know that each time someone goes onto your website and fills out a lead generation form, you are capturing sensitive data? Even if all the individual shares with you is their name and email address, you now have access to several pieces of information that are valuable to hackers in their never-ending quest for information. If you are selling on your website, having strict access control procedures for staff members and a high degree of security for your databases becomes even more vital, because you could be storing everything from address information to credit cards within your business ecosystem.
There are certain basic expectations customers have when doing business with an organization: that they will receive value for their money, that there is some recourse if problems arise . . . and that the companies they trust are being careful with personal and confidential information. While this happened several years ago, consider the devastation that Target encountered after their data breach: