What Is The Single Most Important To Implementing Data Protection Strategy

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

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

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