Ten Key Principles of Customer Data Protection

Data security is essential to building consumer trust as the world of information is becoming more interconnected. Consumers expect their businesses to safeguard their personal information and companies that excel at this will have an advantage over those that do not. This article explores 10 key principles that every business should understand and implement in order to keep customer data secure.

The most basic type of customer data is personal dataroommanage.blog/secure-document-online-storage information, which relates to any piece of information that can directly identify the person. This includes names and telephone numbers. There are also more sensitive data types that could cause serious harm should they fall into wrong hands. For example, a Social Security Number or credit card number. SPI also includes racial as well as ethnic origin, sexual preference, and other sensitive personal information.

SPI can be used for identity theft. This poses a serious threat to the personal and financial security of customers. If hackers acquire this type of data, they can utilize it to apply for credit cards or loans on behalf of the victim, which can leave them with devastating effects.

To lessen the risk of data breaches, companies should limit the amount SPI they collect and only make use of it for legitimate uses. They should also use encryption on their servers as well as in transit to ensure that the data cannot be read by hackers. Additionally, they should use tools for managing passwords as well as two-factor authentication to minimize the chance of data breaches associated with compromised passwords.