As the world of technology is becoming more interconnected, customer security is crucial to building trust with consumers. Consumers expect their businesses to protect and safeguard their personal information and those who excel in this regard have a competitive advantage over those who don’t. This article outlines ten essential principles that every business must know and follow to safeguard customer data.
The most basic type of customer data is personal information, which refers to any information that directly identifies a person. This includes names and addresses, telephone numbers, and more. But, there are more sensitive kinds of information that can lead to serious consequences if it falls into the wrong hands, like a Social Security number or credit card number. Personal information that is sensitive (SPI) also includes ethnic or racial origins or sexual orientation, and more.
SPI is a tool for identity theft. This poses a significant threat to the personal as well as financial security of customers. Hackers can make use of this information to apply for credit or loans under the victim’s own name. This could be devastating.
To lessen the chance of data breaches, companies should restrict the amount https://dataroommanage.blog/the-five-best-examples-of-horizontal-integration/ of SPI they collect and only make use of it for legitimate purposes. They should also use encryption on their servers as well as when they transfer data to ensure that the data can’t be obtained by hackers. Finally, they should have password management tools and two-factor authentication to reduce the risk of data breaches that are triggered by compromised passwords.
