Data security is vital for building trust among consumers as the world of technology is becoming more interconnected. Customers expect their companies to safeguard their personal information and businesses that excel in this regard have an edge over those that do not. This article examines ten important principles that every business should learn and implement in order to ensure the security of customer data.
Personal information is the most basic type of customer information. It is any information that can be used to directly identify an individual. This includes names, addresses and phone numbers. There are even more sensitive data types that could be a serious risk in the event that 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 to commit identity theft. This is a serious threat to the personal as well as financial security of customers. Hackers can make use of this information to get loans or credit cards in the name of the victim. This can result in devastating consequences.
To lessen the chance of data breaches, businesses should reduce the amount of SPI they collect and only make use of it for legitimate uses. They should also implement encryption on their servers and in transit to ensure that the data is not accessible to hackers. Finally, they should have tools for managing passwords and two-factor authentication to reduce the chance of data breaches associated with compromised passwords.
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