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What Is The Single Most Important To Implementing Data Protection Strategy

902 Words4 Pages

a)
The single most important and crucial reason for implementing data protection strategies can be described as the fear of financial losses. Data is always recognized as an important corporate asset that must be protected to greater extent. Loss of information can lead to direct financial losses which can be directly harmful to the company, such as loss of sales, fines or monetary judgments. It can also cause many indirect losses from the consequences of a drop in the confidence and trustworthiness of investors or customers running in to competitors. Not only that but also as the worst case scenario, stolen or altered data can lead to many financial effects that are not known to the company much later. At this point there is nothing much you …show more content…

The loss of important data can be lead to reduce overall productivity, as employees face long customer problems without the help of computer databases. Loss of data also causes problems like application failures and similar system problems, making it difficult for people to do their usual jobs. A poor and unorganized data protection strategy can leave people waiting for long periods of time to recover systems after an error occurred. During this time period, employees may be inactive or able to work only with reduced capacity and potential, further reducing productivity to a greater …show more content…

But when we going to talk about with respect to the following question, it is mentioned that all the employees are from US. So they do not want to worried or concerned about the EU’s Data Protection Directive. Because only if the company has its employees from all around the world, only then they must store their information or data on the basis of the national laws and regulations of their employees. This problem occurs because in each country there are separate laws and regulations on the protection of information of its current employees. Therefore, it is a very difficult and time consuming procedure for companies to protect employee data. This can be described as the main difference in protecting the information or data of employees throughout the world and at the national level.So in addition to this if a company consisting of different employees from different countries a company that adheres to a standard law (provided by an internationally accepted and recognized by a third party) to protect its current employee information or data, this can save time, effort and money, and there is no need to create an unwanted agreement or policies between countries on exchanging information about their

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In addition, the business data will be stored on these devices, being or not protected only by the individual security awareness of each employee. Therefore, it is likely that the confidentiality of corporate data will be compromised if an employee’s device is lost or stolen. Take Godiva, a chocolate manufacturer, as an example. On November 25, 2014, they notified employees of the company of a data breach when a Human Resources employee, who was traveling to retail sites, had a briefcase stolen from a car. The briefcase contained a laptop that had employee information on it.

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Having security basically means that the data is safe from unauthorised or unexpected access, modification or deletion of files. Due to the vast majority of files being stored on a form of electronic device in the modern world, it is the job of the company, in this case Tesda, to ensure that access is limited to certain individuals and that they pose no threat to the company. Although there are many ways of accessing this information illegally, Tesda should concentrate on protecting against the most common types like viruses and system failure etc. Ensuring that there is a backup server is essential as this information is what keeps the business running and losing it will have a massive impact on them. Within Tesda, it will be the role of the management to assess who should and shouldn’t be granted access to particular bits of information and whether or not they will have it as read only or being able to edit the document.

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Moreover, management should conduct privacy protocol training, so everyone is on the same page. The policy needs to state clearly the company’s rules about protecting customer’s personal data. Also, staff needs to know that there will be monitoring of phone calls and well as computer activity and emphasizes that per Muhl, (2003) “an employee’s personal use of an employer’s e-mail system and Internet access is not protected under the law.” Hence, organizations can encounter legal troubles due the inappropriate use of the system. The privacy of customer is important, and it needs protection.

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Many people in the company need access to data to help them do their job better. The main questions revolve around who needs what data, and who chooses what data gets to be shared. Looking at all the pieces, as well as the IT and information assets, the governance of the data belongs to a data owner (Khatri & Brown, 2010). The main questions to be answered must include who is the data owner? Who is responsible for data quality?

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filing cabinet as it may be required in the future). Also, if it is of a confidential nature the record must be kept safe so the Data Protection Act is not breached. Files and records should be stored to comply with the regulations and company policies to ensure the safety of the documentation/data. Information must be securely stored so it can not be disclosed to third parties without the relative permissions. It is important because any data that is not secure can be used criminally, i.e. identify theft.

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Employees in higher positions lost their jobs including the CEO (Gonsalves, 2014). The customers were refunded millions upon millions of dollars that were stolen and re-issued credit cards. This major breach really hurt Target. Target’s breach shows how easily any business can be faced with this type of attack. This paper explores a holistic approach to the security of an organization’s data.

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