Data is an essential asset for any business. When a www.contactdataroom.com/transaction-room-vs-vdr-differences loss or breach occurs, it can stop operations and ruin your reputation. It’s also likely to result in legal liability, given that most companies today are governed by various privacy regulations and standards.

To organize your data protection program, first define a strategy that is aligned with the security policy of your organization. This will enable you to define clear expectations and guidelines for your employees when it comes to handling sensitive information, from its creation to archive or deletion.

It’s also important to know the kinds of information your business has and the level of sensitivity it ought to be classified as. This lets you implement data governance measures like access for users, automated masking, and tracking of data lineage.

You should also establish a procedure for responding to government requests for data and requests for information. Idealy, one of your attorneys should handle it to ensure that the response is precise and also in compliance with applicable data protection laws.

Instruct all employees about your company’s policies and procedures to protect data. Particularly, those working at home or in other offsite locations. Inform employees, for instance, that it is against company policy to post passwords near their workplaces or to share them with others. Also warn employees to be aware of identity thefts who may appear to be IT to steal their personal information. Make sure they verify any emails that appear to come from a person they know in the office, and request confidential information.