What is Personal Data?

atr-gBX5y | 26/03/2021 | 0 | Business

Personal data is something that is private to few people and not everybody can have access to it. They are extremely confidential for a reason.

And in an organization, there are personal data that are confined to few people and which also show the actual picture of the business. Only the people associated with the organization like employees, shareholders, owners, and board of directors have access to it.

WHY SHOULD PERSONAL DATA BE KEPT PRIVATE?

The theft of identity- Anybody can use the company’s data inappropriately. And anonymously can create fraud by using the wrong identity and retrieve all the organizational information, causing harm to the organization’s information in a false name.

 Financial information is leaked- Once data gets leaked, the anonymous person can make transactions in the company name. That is why it is mandated to not share the bank account details with anyone. Even banks don’t encourage sharing of the password because of online crimes. So, it becomes important to use strong passwords, according to records in 2018 the most used password was 12345678, which is of course easy to find out. A password must be a mix of characters, numbers, alphabets to make it a strong one.

Company’s reputation- A lot can be known about the company’s private data, which is why all the balance sheets, ledgers, business records, names of stakeholders, business disruptions everything is encrypted and if wrongly used can hamper the reputation.

Employers’ information- Before getting employers on board, their proper background check is done. Information like their family background, medical background, their social media platforms. If the private data gets leaked it will also hamper the life of employees associated with the organization. Employees of the company trust the organization that is why they share it.

Robbing- Once the private data of a company is leaked it can access people’s personal information too, especially on social media. And nowadays people like to share their day-to-day activities on social media platforms, for example, going out on a trip with a family or partying with friends. All these can lead to residential burglaries.

STATISTICS RELATED TO DATA PRIVACY AND THEFT

According to statistics, 34% of private data was leaked by the internal sources of the organization.

According to records, there have been more than 100000 thefts or more.

America Online (AOL), was the first victim of phishing in 1996.

The main reason for getting the data leak is the financial motivation behind it.

2021 will see a shoot-up in cybercrime cost to world $6 trillion annually.

According to records, small businesses become the victims of a data breach, the reason for the same is lack of technology development.

THE FINAL WORD

We can help your organization Complete overview of personal data requests. Their experienced team can assist the company in providing digitalization, automation, and security. Their teams keep a constant record of who has access to company data, which will protect privacy and save it from any online thefts, tax frauds, or cybercrime.

YOUR COMPANY IS NOT ONLY YOUR COMPANY BUT ALSO THE PEOPLE ASSOCIATED WITH IT, THEIR SECURITY IS YOURS TOO.

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