Data is a vital asset for any company. When a loss or breach occurs, it could cause the business to cease operations and damage your reputation and customer trust. This can also lead to legal liability since the majority of businesses are now subject to various regulations and standards regarding contactdataroom.com/how-to-choose-the-right-data-room-vendors-based-on-your-specific-needs/ data privacy.

To plan your data security program, you need to first establish a strategy that is aligned with your organization’s security policy. This will allow you to define clear expectations and guidelines for your employees when it comes to handling sensitive data from its creation until its deletion or archiving.

It’s also essential to recognize the kinds of data your business holds and what level of sensitivity it ought to be classified as. This allows you to implement data governance controls such as access for users to data, automated masking, as well as tracking of data lineage.

You should also establish a procedure for responding to government demands and requests for data. Idealy one of your attorneys will handle the matter to ensure that the response is accurate and also in compliance with applicable data protection laws.

Make sure that all employees are aware of your company’s policies and procedures concerning the security of data. Particularly, those who work from home or in other offsite locations. For instance, you can explain to employees that it’s against the company policy to share passwords or post them in their workplaces and be wary of identity thieves who could call claiming to be from IT to steal their information. Make sure they verify any emails that appear to be from a person they know at the office, and request confidential information.