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Data is the lifeblood of any company, allowing them to operate efficiently and profitably. But businesses have to be able to balance the need for accessible and plentiful data with the obligation to keep customer information private and secure. The latter is influenced by new and changing privacy regulations, like the GDPR in Europe, and California’s CCPA and old-fashioned laws such as the Health Insurance Portability and Accountability Act (HIPAA), Securities and Exchange Commission regulations that protect shareholders’ financial information and the Payment Card Industry Data Security Standard for data about consumer payments.

The first step in ensuring data protection is to catalog and secure all your data. This means identifying and separating data according to its sensitivity level and determining access levels. It is essential to establish policies that safeguard data whether it’s in transit or at rest. Utilizing a system which can monitor and detect file activity and spot anomalous patterns can help you spot suspicious activity and quickly spot and mitigate vulnerabilities, including out-of-date software and misconfigurations.

A comprehensive plan for backup and recovery that includes physical storage media is essential. It is also essential to implement effective security measures including background checks for prospective employees and regular training for employees who are already employed to the decision to terminate employees who no longer require access to the critical systems. Additionally, it’s crucial to develop a disaster recovery plan to ensure that your data is secured in the event of a natural or man-made disaster.