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Data is the building block of any business organisation. Breach of data or loss of data can affect your business and affect the reputation of your company. Data protection services help in protecting your business data. This makes it essential to understand the key concepts behind data privacy and data protection. These two terms are interconnected, and each complements the other. They are often confused and misinterpreted by business owners. Continue reading to know about the unique differences between data privacy and data security.

Data Privacy Vs Data Protection

Data protection is nothing but protecting your data from unauthorised access, whereas data

privacy is defining the access of your data. Data privacy is the proper handling of data and the right storage. Data protection is a technical term, and data privacy is a legal aspect. Data privacy can be ensured only when proper data protection technology is employed.  A data is no longer private once it is stolen.

It is to be noted that one cannot ensure the other. Thus both must go hand in hand for a proper control mechanism. Data protection is taken care of by organisations. They are responsible for providing the proper data protection to their business data. Users manage data privacy. They provide the control rights for the use of data.

Businesses must focus on data protection to protect their data from hackers. Data privacy concentrates mainly on those who can access your data.

Also Read This : Cybersecurity Attacks, Their Repercussions, And Solutions

Ways To Provide Data Protection

Backup Your Data: This is the best way of protecting your data in case of data loss. Always

store a copy of your data in another place or a cloud platform. This can help to restore your data in case of accidental loss.

Protect From Malware and Ransomware Attacks: Protect your data from various attacks like ransomware, malware etc. Make use of anti-malware or anti-virus protection to prevent the threat of

Encrypt Sensitive Data: Provide a greater level of protection to business-critical data. Make use of effective encryption techniques to encrypt the data. This prevents the compromise of sensitive data by unauthorised users.

Install updates: Protect your operating system and software by installing the updates. This can keep your system safe from cyber attacks.

Ways To Ensure Data Privacy

Data privacy is all about providing authorised access to your data. It is setting the access levels of your business data. The following helps in ensuring the data privacy of an organisation.

Set up Proper Authentication: Implement a proper authentication mechanism when accessing critical data. This can avoid unauthorised access to data.

Go For Strong Passwords: Make use of strong passwords that cannot be hacked easily.

Change Your Passwords: Change the password regularly to ensure data privacy. 

The above gives a clear picture of data protection and data privacy.

Attack Areas That Can Be Targeted:

In the digital & knowledge outsourcing marketplace, India is a key player. Furthermore, India has embarked on a digitalization journey that is moving at a rapid pace.

There are presently more than a billion mobile phone users in India. Every one of our smartphones will be mobile ATMs in the future. Consider how much data would be used in operations as that the number of mobile devices & apps increases. As an outcome, India becomes a country with a lot of data.

This will make  India one of the world’s most sought-after hacking locations. As per the new Symantec study, India is among the countries most vulnerable to cyber-attacks. 

Influence:

The parts that follow describe how well these cyber-attacks are unfolding and hurting businesses.

The new wave of assaults includes Crypt XXX, SharkRaas,  ransomware, Petya  WannaCry, Locky, Bucbi,  Cerber, and SamSam.

• In addition to the JNPT operations have been halted due to the Petya ransomware outbreak. India’s public organizations have suffered significant income and brand image losses.
• The WannaCry virus hacked a website of Zomato (Food Coupon), collecting the personal information of millions of customers.
• Uber programmers’ credentials were obtained from the GitHub programming code site & utilized the same in the web services of  Amazon, which stored the company’s data. Hackers stole the information from about 57 million Uber customers, and the corporation had to pay a significant price to recover it.
• Equifax was hacked, and the data of 143 million consumers was taken as a result of a lag in changed or improvement.  Service   United States CERT –  Homeland Security – CERT (Computer Emergency Response Team) has alerted Equifax about vulnerability a month before, but because of the massive number of systems & Equifax delayed their sweet time applying patches, the hackers took full advantage of the delays & caused the damage.

Various Alternatives:

This is a significant potential for all IT &  ITES organizations to provide clients using cost-effective network and data security solutions. To avoid serious damage to our business or brand, service providers should make cybersecurity consulting services a core component of their policies and procedures.

Security Information & Event Management (SIEM) should be deployed before a significant crisis occurs in order to receive potential risk alerts. The threat analysis findings should be shared with senior management so that necessary steps may be implemented and a strong commitment to decreasing potential threats &  vulnerabilities could be acquired (Weakness).

When there are many contexts, such as development, testing, and production, role segregation is crucial. Even if a single person is required to test, manage development, & production environments lack capital, the person’s permission should be granted by his superior at each login, or multiple passwords should be used in each environment.

Login pages must undertake extensive input validations to avoid cross-site scripting & SQL injections. The passwords field must have a hashing technique to avoid being turned to plain text. Failing to do so may lead to a data breach.

MD-5, SHA-3, & SHA-1/2 Password hashing techniques are not safe. Bcrypt and PBKDF2 were two of the most recent & secure password hashing algorithms, but they ensure the system takes only strong passwords (1 uppercase, single special character, as well as a minimum one number) by default.

The most common form of a ransomware attack is phishing emails. As a result, avoid entering your credentials in email pop-ups. Some hackers were sending emails with our firm’s domain name, but they’ll never ask for the credentials.

Because of the increased threat of cyber, our customers routinely question the effectiveness of the business continuity recovery management, primarily to assess the safety of the network and data. To accomplish this, we must provide the necessary proof to demonstrate the overall efficiency of the plan & execution in order to boost client confidence.

Read More : What Exactly Does Virtual CIO Mean – Chief Information Officer?

The most valuable asset of a corporation is most likely its information. A proactive approach is therefore necessary. Unfortunately, there are few small businesses with the technological &  financial means to devote full-time employees to data management. On a daily basis, and IT team is full of tasks and might not even be able to dedicate enough time for information. Methods of information management necessitate significantly more than just having IT personnel.

Ensure that your business receives unbiased, professional guidance on quality standards, new technologies, & risk management. Which option, though, offers the best value? It is extremely advised that you hire a group of qualified specialists to serve as the virtual Chief Information Officer -vCIO.

The Definition Of The – vCIO-  Virtual Chief Information Officer.

Having a virtual CIO is indeed an outsourced professional familiar with the intricacies of your industry. When you collaborate with such a virtual CIO company, it creates a strategic plan that embraces and leverages modern technology to make your company stand in a busy market. 

In essence, the professional group offers a package of professional services to fill the holes in the department of information technology. Their services would benefit medium or small firms that cannot afford the executive CIO to drive revenue.

Is Your Company the Need for a CIO-  (Chief Information Officer)?

In most small and midsize businesses, there is no chief information officer because financial resources are limited. When the Chief Information Officer is absent, they take strategic decisions. Conversely, companies with a large workforce can keep a chief information officer on staff. CIOs are still uncommon and in high demand, so it can be hard to find one.

In order to ensure that your company does indeed have a full-time CIO who carries out your organization’s responsibilities, what steps can you take?  Outsourced firms can fill the need for virtual cio/cto services. The need for a virtual CIO is determined by your company’s IT requirements. Consider consulting an IT expert to see if you need the assistance of a reputable chief information officer.

An organization having fewer than 250 people does not need an in-house CIO. This, too, is determined by how much the company’s growth is based on technology.

Before bringing in an outside group of  Chief Information Officers, consider the following:

• What is the company’s involvement in technology?
• Which applications are used by employees and customers, but what security standards do they have?
• How do you plan to meet your data access requirements?
• Do you even have any expansion ambitions, and also, what rising demands are you expecting?

The best approach is to engage the virtual assistant from either a reliable IT firm who can offer the necessary information as needed. This approach not only lowers the cost of investment but also provides you with knowledge & insights on how to properly use technology to take your organization to the next level.

In general, an independent CIO plan can assist with the following tasks:

• improving share price
• assessing the IT infrastructure
• monitoring future demands and delivering best practices

Creating & implementing the strategic plan for the use of technology

Companies need a new perspective on values to prosper and flourish in an environment where digital is everywhere. They need to align their goals to develop market value with their consumers’ and employees’ expectations and aspirations. The new IT world is being
swept away by the technology creativity that is redefining how business is conducted.

Regulatory and governing bodies, macroeconomics, and various vital market influences greatly impact business models. They are more concerned about organizational efficacy
and performance. To overcome the complexities and focus on long-term business development, organizations increasingly move towards engaging managed IT support vendors.

The Rise In Demand For Managed IT Support

Managed IT support refers to the process of an organization’s IT information network maintenance and administration being outsourced to increase its corporate activities. Companies that offer those services are responsible for ensuring that the IT technology and
software for the enterprise are fully functioning. They assist companies in concentrating on their core competencies by providing a managed model that manages and transforms the organization’s activities and IT services, resulting in increased competitiveness and
functional performance.

Organizations face an increasing demand to satisfy regulatory compliances in an uncertain, dynamic, and fluctuating IT climate. Some factors driving the increase in demand for
managed service providers include a lack of appropriate and strong technical experience in the field and the desire to innovate while keeping up with technological advances.

Emerging Trends In The Managed Service Provider Industry

On the other hand, the IT industry is constantly changing, bringing new technologies and business opportunities. It is important for managed IT support providers to be mindful of these developments and to take advantage of them to their full potential.

Customer Experience

Enhancing customer experience is a given requirement for a managed service provider. Beyond saving time and money by ensuring zero downtimes, the MSPs focus on helping the businesses expand into new geographies. They assist in consistently delivering an excellent
experience at every interaction and succeed in building customer loyalty for the business.

Integrated Services

MSPs commit to helping the company evolve with the times by taking the initiative in new and evolving technology. Businesses who wish to thrive while still increasing their versatility and resilience require two things. One is a large ecosystem of more specialized
and niche resources, and the other is a method of handling those tools that are easy to manage. An MSP who can integrate these two requirements into their service offering will see a booming increase in demand.

Cloud Services And Improving Cybersecurity

By now, it’s clear that cloud transformation is becoming more common. Customer experience is the key to today’s business prosperity. Digital environments based on creativity rely on cloud services to safely innovate data-driven solutions and, ultimately, achieve product velocity. Using a global arsenal of full-stack technologies, MSPs work through the cloud lifecycle to integrate stable digital solutions into the industry framework.
As the number of cyber threats has grown in recent years, businesses rely on MSPs to proactively enforce security policies to protect their infrastructure and rebuild from vulnerabilities.