Global Data Protection Laws: Fines and penalties
How can KnitLogix help?
You’ll need a clear and successful approach to fulfill your security objectives. Using a security framework like NIST will aid you in every step of your security journey, and opting for integrated solutions will make things easier while reducing blind spots. All five functions of the NIST framework are covered by KnitLogix
Why Data Protection is so important?
Employee records, customer information, loyalty schemes, transactions, and data collection are all examples of key pieces of information that businesses typically maintain. This is to prevent third parties from misusing the information for fraudulent purposes, such as phishing scams and identity theft.
The following are examples of common data that your company might keep:
- Name
- Address
- Phone number
- Bank / Credit card details
- Health Information
This information could pertain to your existing employees and their partners or relatives; shareholders, business partners, clients; customers, and other members of the public.
Businesses must follow specific rules in order to protect all of this data in compliance with the Data Protection Act.
A successful journey of data protection
IDENTIFY
Which information is considered sensitive?
What accounts are at risk, and why?
What vulnerabilities make us exposed to threat?
SAFEGUARD
How can we implement least privilege?
How can we reduce the risk that admin accounts pose?
What can we do to avoid potentially harmful changes?
DETECT
Who has access to sensitive information?
Is there any unethical behaviour among the users?
Were all of the changes to the configuration approved?
REACT
Is it mandatory for me to notify a data breach?
What can we do to respond to threats more quickly?
How did a mishap happen?
RETRIEVE
What information must be recovered?
How may an occurrence have been prevented earlier or avoided entirely?
Basic Elements of Privacy Policy
Consent
Consent is the most important aspect of a privacy policy. Without the approval of the information supplier, no information may be utilised.
Purpose
The purpose of data gathering must be explicitly stated in the privacy policy.
Security
Every data controller must have a comprehensively documented information security programme and information security policies according to the Sensitive Information Rules.
disclosure
If the data controller intends to reveal the gathered information to a third party, it must first get permission from the data subject, unless the disclosure is mandated by law.
