Data management involves a lot of spinning plates, and businesses can often face challenging decisions about where to focus their attention.
Data privacy and data security are both important, but determining which aspect should take precedence depends on a range of factors, including the nature of the data itself, the regulatory requirements that impact the business, and the specific risks they face.
Businesses can best work to balance their priorities by considering the following:
Firstly, understand your data.
Start by evaluating the types of data you handle.
Personal and sensitive information, such as financial records or health data, often require stronger privacy measures due to their inherent sensitivity and it’s particularly important to ensure that this data is collected, used, and shared with consent.
Next, understand your legal requirements.
Which data privacy regulations impact your business, or protect the data it collects?
And to be sure, speak to your lawyers.
Different data privacy laws set different obligations, making it important to understand the legal landscape that you’re working with and to align your priorities accordingly.
Thirdly, carry out a risk assessment.
What dangers lurk in the shadows around your data?
To find out, conduct a thorough risk assessment to identify any potential vulnerabilities.
And if you find that the main threat to your data is from cyberattacks and breaches, then enhancing security measures might be your immediate focus.
Conversely, if this main threat is actually from data being mishandled or shared without authorization, then strengthening privacy measures may take precedence.
Here are some other practical tips for balancing your priorities:
- Implement Comprehensive Policies: Develop and maintain policies that address both privacy and security. This integrated approach will help you manage data more effectively and ensure compliance with regulations.
- Regular Audits: Conduct regular audits to assess the effectiveness of your privacy and security measures. This helps identify any gaps or areas for improvement, ensuring that both aspects are adequately addressed.
- Education and Awareness: Use data privacy training to instill in staff the importance of both data privacy and security. Ensuring that your team understands their role in protecting data can enhance overall effectiveness and compliance.
But remember, prioritizing privacy over security or vice versa isn’t strictly necessary.
Instead you could focus on creating a balanced approach that integrates both aspects into your overall data protection strategy.
And by understanding your data, complying with regulations, and addressing risks before anything bad happens, you can effectively manage and safeguard personal data while maintaining customer trust and data utility.